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JSW Coal sales highest in 10 years in 2013

<p style="text-align:justify"><span style="color:#696969"><span style="font-size:11px"><span style="font-family:arial">Polish state controlled miner JSW sold the most coal in 10 years in 2013 as it increased production to counter the slumping prices that undermined its profitability.</span></span></span></p> <p style="text-align:justify"><span style="color:#696969"><span style="font-size:11px"><span style="font-family:arial">The company said that it sold 14.4 million tonnes of coal last year, up 13% from 2012 as it also sold off some of its stocks. JSW&rsquo;s 2013 production rose to 13.6 million tonnes from 13.5 million a year earlier.&nbsp;</span></span></span><span style="color:rgb(105, 105, 105); font-family:arial; font-size:11px; line-height:1.6em">It said that it eked out a profit in 2013. Analysts had feared JSW could post a loss last year because of the slump in coal prices.</span></p> <p style="text-align:justify"><span style="color:#696969"><span style="font-size:11px"><span style="font-family:arial">JSW mainly mines coking coal used to produce steel, and some its main clients, such as world No.1 steelmaker Arcelor Mittal, were forced to limit production during a market downturn.</span></span></span></p> <p style="text-align:justify"><span style="color:#696969"><span style="font-size:11px"><span style="font-family:arial">Source-On Request</span></span></span></p>