Lure of Anglo’s copper mines could test BHP’s spending resolve
BHP needs to offer at least a 40% premium over Anglo's share price for a new takeover bid, but its CEO has committed to spending discipline.
Poland’s biggest coking coal producer JSW is currently not interested in taking over any mining deposits from Polska Grupa Gornicza, said Adam Rozmus, the company’s vice-president for technical matters.
If there are no extraordinary events, the company’s board maintains its coal production goal for 2024 at 12.45 million tonnes, said Rozmus during a press conference on Monday.
He added that the level of coal production in 2025 will be “much higher” than 12 million or 13 million tonnes.
In response to a question about JSW’s restructuring costs, group CEO Ryszard Janta said intensive work and analyses were underway across the company’s operations.
“Just returning to the level of extraction of 14 or 15 million tonnes per year is not enough,” said Janta. He added that the group was “also looking at labour costs”.
(By Anna Banacka, Mateusz Rabiega and Tymon Miller; Editing by Jan Harvey)
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