Polish predator JSW looked at New World The Daily Telegraph reported in February that Polish coking coal producer JSW had held early-stage talks with BXR Group, the main shareholder in NWR, about combining the FTSE 250 company with the Polish business. Having denied the report, JSW's chief executive Jaroslaw Zagorowski yesterday confirmed that his company had looked at its Czech rival NWR - and had decided against it. JSW has decided to focus on its own projects rather than pursue a merger with NWR, he told Reuters. We looked into Czech mines, ran analyses on the basis of available documents. We are concerned about the possibilities of exploiting NWR's resources," he said. The conclusion is that it is better to focus on projects we have in our mines. In the near future, that is a year or two, we will not conduct deeper analyses of NWR. NWR, led by executive chairman Mike Salamon, was one of the few companies to join the London stock market during 2008, the height of the credit crisis. It has also listed in the Czech Republic and Poland. The proceeds from the 2008 float were used to develop mines in Poland, the group's first operations outside of the Czech Republic. BXR, which holds around 64pc of NWR, is a private industrial investment group controlled by Zdenek Bakala, the Czech financier and vice-chairman of NWR.