Oct 10 (Reuters) - JASTRZEBSKA SPOLKA WEGLOWA S.A. JSW.WA (JSW), PRAIRIE MINING LIMITED (PDZ) :
- SAY DISCUSSIONS REMAIN ONGOING BETWEEN PRAIRIE MINING LIMITED AND JASTRZEBSKA SPOLKA WEGLOWA REGARDING POTENTIAL COOPERATION AND TRANSACTION OPTIONS IN RESPECT OF PRAIRIE'S POLISH COAL PROJECTS
- DISCUSSIONS FOLLOW THE EXCHANGE OF TECHNICAL INFORMATION DURING THE LAST SIX MONTHS
- THERE CAN BE NO CERTAINTY AS TO WHETHER ANY TRANSACTION OR COOPERATION WILL BE AGREED, OR THE POTENTIAL FORM OF SUCH TRANSACTION OR COOPERATION
- THE DUE DILIGENCE PROCESS AT THE JAN KARSKI PROJECT HAS CONFIRMED THAT PART OF THE 'LUBLIN' DEPOSIT CONTAINS SEMI-SOFT COKING COAL, WHICH CAN BE POTENTIALLY UTILISED BY JSW
- DUE DILIGENCE HAS ALSO INDICATED THE TECHNICAL FEASIBILITY AND POTENTIAL SYNERGIES OF ACCESSING INITIAL SEAMS AT THE DEBIENSKO DEPOSIT UTILISING THE EXISTING INFRASTRUCTURE AT JSW’S ADJACENT KNUROW SZCZYGLOWICE MINE
- IN SEPT. JSW INFORMED THAT IT SOUGHT MINISTRY APPROVAL TO BUY PRAIRIE MINING ASSETS
