LNM sets its sights on key assets in the coal industry

The Indian baron is beginning to sense that he will be able to ensure success in creating a consolidated national coke and coal industry. He has set his sights on, among others, the Jastrzębia Coal Company (JSW) and Częstochowa steel mill. Mittal hopes to start talks with the government after March 5, once he has completed taking over a controlling stake in Polish Steel Mills (PHS). However, there are still unresolved issues. The government wants LNM to take over the Przyjaźń steel mill, which will be merged with the Sedzimir steel mill and the Zdzieszowice coke plant (both of which are part of PHS), whereas LNM also wants to buy JSW, which is the only producer of coke coal in Europe. (Puls Biznesu, p. 6) M.G.