Kopex's share price helped by yet another contract

Katowice-based import/export company, Kopex, has signed a contract worth zł. 70 million to carry out work in Iran. According to the agreement signed with Irasco, Kopex will construct the infrastructure for a coalmine and will train local workers. The project will be completed within 16 months. The company is also conducting negotiations for the delivery of machinery to a mine in Serbia; a contract worth around $16.2 million. In addition, Kopex is in talks with a Vietnamese partner concerning the construction of a mine. The project is valued at $90 million. Furthermore, in a consortium that includes Polimex Cekop and Energoprojekt Katowice, Kopex stands a good chance of constructing a power plant in Vietnam, valued at $300 million. Following the company's recent successes, its share price has increased by 100% over the past month. (Parkiet, p. 3) A.K.