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Prairie Mining Says Commenced International Arbitration Proceedings On Republic Of Poland
Prairie Mining Executed Litigation Funding Agreement With Lcm Funding UK Limited
JSW Drops Cooperation Talks With Prairie Mining Limited
Prairie Mining Limited is a coal development company focused on the development and operation of the Lubin Coal Project in eastern Poland. The Company's principal activities include exploration and development of resource projects. The Lublin Coal Project is a coal project with a coal resource estimate (CRE) of approximately 730 million tons across over four coal exploration concessions in south eastern Poland. The project is situated adjacent to the Bogdanka coal mine. The Company owns over 100% interest in Base Metals Project (BMP), which is located approximately 60 kilometers southwest of Newman in the Pilbara region of Western Australia. The Company also operates Debiensko Hard Coking Coal Project, a hard coking coal project located in Upper Silesia in Poland. The Company's subsidiaries include Mineral Investments Pty Ltd, PDZ Holdings Pty Ltd, PDZ (UK) Limited, PD CO Holdings (UK) Limited, PD Co sp z o.o. and Chelm-Rol sp z o.o.
Bgc Ctr, L 9 28 the Esplanade
Ian Peter Middlemas
Independent Chairman of the Board
President PD Co sp z o.o.
Chief Executive Officer, Director
Henryk Jacek Jezierski
Member of Supervisory Board - PD Co
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* NOW EXECUTED A LITIGATION FUNDING AGREEMENT FOR A$18M WITH LCM FUNDING UK LIMITED
* ENDS TALKS REGARDING POTENTIAL COOPERATION WITH PRAIRIE MINING LIMITED
Poland's JSW is interested in taking over Australia's Prairie Mining, Chief Executive Daniel Ozon confirmed on Wednesday.
Poland's state-run JSW <JSW.WA> is awaiting approval from the Energy Ministry in its bid to acquire the Polish mining assets of Australia's Prairie Mining <PDZ.AX>, JSW said on Wednesday.
Poland's JSW is considering a bid for control of Prairie Mining to tighten its grip as the EU's biggest coking coal miner, two sources familiar with the situation said.
Australia's Prairie Mining said it filed a lawsuit in a Warsaw civil court on Friday against the Polish environment ministry, seeking an extension to the company's exclusive rights to a mining project in the country.
* FY PROFIT FOR YEAR ATTRIBUTABLE TO OWNERS OF COMPANY HK$793.5 MILLION VERSUS HK$381.4 MILLION
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.