Prairie Mining eyes Warsaw bourse entry
PR dla Zagranicy
Jo Harper
04.07.2015 08:31
Australian firm Prairie Mining, which plans to build a coal mine next to the Bogdanka mine in eastern Poland, will debut on the Warsaw and London stock exchanges in the third quarter of this year.
Bogdanka. The Lubuskie region is home to an ailing mining industry. Photo: Lubelskie.pl
Prairie Mining shares are currently listed on the Australian bourse.
“Our decision to list on the LSE and WSE represents a major strategic move for Prairie in the development and financing of our world class Lublin coal project in Poland, which will align the company’s future investor base with our project and our UK and Polish executive team,” said Ben Stoikovich, CEO of Prairie Mining.
The Lublin Coal Project is a large scale thermal and semi-soft coking coal project with an estimate of 1.6 billion tonnes across four coal exploration concessions in south eastern Poland. The project is situated adjacent to the Bogdanka coal mine, which has been in commercial production since 1982.
Praire authorities announced that Mirosław Taras, former CEO of the Lublin-based Bogdanka, will be appointed to the supervisory board of the subsidiary PD Co., which is implementing the Lublin project. (jh)