- As a leader in coking coal and coke production, we make every effort to strengthen cooperation with our key business partners in areas, in which we can mutually achieve synergy effects. We are happy that the letter of intent signed today with our long-term customer – ArcelorMittal Poland – will allow us to develop our activity and ensure more stable operations of our plants – said Jarosław Zagórowski, BOD Chairman of JSW. – Both parties have an excellent understanding of market situation and thus the same goal – long-term cooperation, thanks to which both companies will be able to achieve their strategic objectives – he added.
- This letter of intent is a sign of further strengthening of our cooperation, with the objective of creating strategic projects which will benefit both the organizations. JSW is our reliable long-term partner in the scope of raw materials supplies, and we value our growing partnership – said Sanjay Samaddar, BOD Chairman of ArcelorMittal Poland. – Extending the cooperation will be conditioned by a number of technical and economic analyses, which we are going to carry out shortly, but I believe that we are working towards a very positive outcome.
About JSW
The JSW Group is the largest producer of high quality type 35 (hard) coking coal and a significant coke producer in the European Union. At its own coke plants, the JSW Group processes approximately 40% of the coking coal it produces, which enables it to offer a final product that is more processed and of higher value. The Company is also a producer of steam coal, sold mainly to power plants and CHP plants.
JSW is composed of five hard coal mines: Borynia-Zofiówka, Budryk, Jas-Mos, Krupiński, and Pniówek, where coking coal and steam coal is excavated, as well as the Material Logistics Centre. Companies with capital ties to JSW S.A. include: Koksownia Przyjaźń Sp. z o.o., Kombinat Koksochemiczny „Zabrze” S.A., Wałbrzyskie Zakłady Koksownicze „Victoria” S.A., Spółka Energetyczna Jastrzębie S.A., Jastrzębskie Zakłady Remontowe Sp. z o.o., Jastrzębska Spółka Kolejowa Sp. z o.o., and Polski Koks S.A.
In 2011, 8.8 million tonnes of coking coal (including 7.3 million tonnes of type 35 coking coal) and 3.8 million tonnes of steam coal were excavated at JSW mines. In 2011, 3.1 million tonnes of coke were produced by coke plants belonging to JSW.
JSW mines contain approximately 0.55 billion tonnes of documented recoverable reserves of coal. The Group plans to enlarge the recoverable reserves base to 0.84 billion tonnes. This will enable it to maintain a strong position in international markets for the next 60 years.
As at the end of 2011, the Group employed more than 29,700 employees, of which 22,900 were employed by JSW, and 1,700 - by Koksownia Przyjaźń.
About ArcelorMittal Poland
ArcelorMittal Poland is the biggest steel producer on the Polish market with about 70% of production capacity of the Polish steel industry. The company consists of five steel plants located in Krakow, Dabrowa Gornicza, Sosnowiec, Swietochlowice and Chorzow. It also owns the largest coke plant in Europe – ZK Zdzieszowice. ArcelorMittal Poland employs over 12,000 people and over 15,000 if subsidiaries are taken into account. The company produces a wide range of long, flat, special and semi products for construction, transport and white goods industries.
Implementing the global sustainability strategy, ArcelorMittal Poland since 2004 has invested over PLN 4,5 bn in technologies, which have significantly reduced its environmental footprint. To a great extent it also enriches local communities by supporting the areas of primarily health and education.
For more information visit www.arcelormittal.com/poland
About ArcelorMittal
ArcelorMittal is the world's leading steel company, with operations in more than 60 countries.
ArcelorMittal is the leader in all major global steel markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. With an industrial presence in over 20 countries spanning four continents, the Company covers all of the key steel markets, from emerging to mature.
Through its core values of Sustainability, Quality and Leadership, ArcelorMittal commits to operating in a responsible way with respect to the health, safety and wellbeing of its employees, contractors and the communities in which it operates. It is also committed to the sustainable management of the environment and of finite resources. ArcelorMittal develops breakthrough steelmaking technologies and actively invests in researches, therefore contributes to combat climate change
In 2011, ArcelorMittal had revenues of $94 billion and crude steel production of 91.9 million tonnes, representing approximately 6 percent of world steel output. ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Brussels (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
For more information about ArcelorMittal visit: www.arcelormittal.com