STOCKS NEWS EMERGING EUROPE-JSW, NWR at 3-mth high thanks to rising coking coal prices
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1025GMT 10Sep2013 - JSW (Taiwan OTC: 5251.TWO - news) , NWR at 3-mth high thanks to rising
coking coal prices
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Shares in miners JSW and NWR jump to their
highest levels in nearly three months thanks to rising coal
prices.
Polish JSW, European Union's top coking coal producer, is up
8 percent, while troubled NWR surges 19 percent. Both companies
had suffered from low prices earlier in the year, which made
their mines less profitable or even loss-making.
"These prices are on the rise for a few weeks, which helps
lift spirits around companies like JSW or NWR
," said Raiffeisen analyst Bartlomiej Kubicki.
RM (LSE: RM.L - news) :agnieszka.barteczko.reuters.com@thomsonreuters.net