Joint Update Statement Regarding Possible Co-Operation between Prairie Mining and JSW
(firmenpresse) - Joint Update Statement Regarding Possible Co-Operation between Prairie Mining and JSW
29 March 2018, Prairie Mining Limited (Prairie) and Jastrzbska Spóka Wglowa SA (JSW) have entered into a Non-Disclosure Agreement (NDA) following Prairies approach to JSW with respect to potential co-operation regarding Prairies Polish coal projects. The purpose of the NDA is to allow for the exchange of technical and commercial information in order to facilitate substantial and more advanced discussions regarding any potential transaction(s) options in respect of Prairies projects.
Prairie will make available information in relation to the hard coking coal project under the Debiensko-1 concession granted in 2008, to allow JSW to conduct an assessment of its feasibility and economics, taking into consideration factors including, but not limited to: its stage of development, conditions of the mining concession, environmental permits, and the mining usufruct contract. JSW will also assess other various risks and opportunities, including JSWs existing infrastructure at the neighbouring Knurów-Szczygowice mine.
Prairie will make available information in relation to the Jan Karski project in the Lublin Coal Basin, to allow JSW to conduct an assessment of the projects feasibility and economics with regard coking coal, taking into consideration factors including, but not limited to: its phase of development, the physical and chemical parameters of the coal (in particular its coking parameters), the timeframe and conditions with regards to obligations to obtain a mining concession, as well as other various risks and opportunities.
It is emphasised that discussions are at a preliminary stage and that even if they move onto discussions of specific transactions terms, any potential transaction(s), should they occur, may be subject to a number of conditions including, but not limited to, obtaining positive evaluations and expert opinions, necessary corporate approvals, consents and approvals related to funding, consents from Polands Office of Competition and Consumer Protection (UOKiK) if required, and any other requirements that may relate to the strategy, objectives and regulatory regimes applicable to the respective issuers.
There can be no certainty as to whether any transaction(s) will be agreed, or the potential form of such transaction(s).
The NDA provides for discussions to be conducted for an initial period up to 6 months, which may be extended by mutual agreement of both parties.
The companies will continue to comply with their respective disclosure obligations to the relevant markets, as required.
For further information, please contact:
Prairie Mining Limited-
Ben Stoikovich, Chief Executive Officer-
Sapan Ghai, Head of Corporate Development-
Tel: +44 207 478 3900
Email: info(at)pdz.com.au
Leseranfragen:
Prairie Downs Metals Limited ist ein aufstrebendes Kohlebergbauunternehmen, das sich auf die Exploration, Bewertung, Begutachtung und Entwicklung des Lublin Kohleprojekts im Südosten Polens konzentriert.
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Datum: 29.03.2018 - 07:48 Uhr
Sprache: Deutsch
News-ID 573932
Anzahl Zeichen: 3025
contact information:
Town:
Wien
Kategorie:
Business News
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