Prairie Mining (PDZ) possible takeover

Saturday, Mar 16 2019 by

JSW increases its investments and assumes an increase in coal mining
March 15, 2019, 2:06 PM
JSW, aiming to expand its resource base, would like to agree with Prairie Mining on basic terms of the transaction (term-sheet) regarding the possible takeover of control over JSW assets by JSW: the Debiensko deposit (JSW could in a short time during this time, approx. 0.5 million tons of coal from the Knurów-Szczyglowice mine site should be obtained from there, and 2.5 million tons eventually after the shaft was built) and Jan Karski in the Lublin region, where there is type 34 coking coal.

The chairman assured that the company's management board would inform shareholders (including the energy department) and the supervisory board on the progress of talks with Prairie Mining, but only after the term-sheet was negotiated, it would be possible to formally approve the company's bodies that must consent to the potential transaction.

Unlock this article instantly by logging into your account

Don’t have an account? Register for free and we’ll get out your way


As per our Terms of Use, Stockopedia is a financial news & data site, discussion forum and content aggregator. Our site should be used for educational & informational purposes only. We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. You should make your own decisions and seek independent professional advice before doing so. The author may own shares in any companies discussed, all opinions are his/her own & are general/impersonal. Remember: Shares can go down as well as up. Past performance is not a guide to future performance & investors may not get back the amount invested.

Do you like this Post?
3 thumbs up
3 thumbs down
Share this post with friends

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. more »

LSE Price
Mkt Cap (£m)
P/E (fwd)
Yield (fwd)

  Is LON:PDZ fundamentally strong or weak? Find out More »

2 Posts on this Thread show/hide all

leetrader45 24th Mar 1 of 2

looks like the final part of the jigsaw now the price would have too be between 100-250p

Thursday, March 21 (11:48)
JSW, aiming to expand its resource base, would also like to conclude by the end of April with Prairie Mining regarding the basic terms of the transaction (the so-called term-sheet) concerning the potential takeover by JSW of control over the assets of this company: the Debiensko deposit and the Jan Karski deposit Lublin region.
The reasons for submitting a request for a break in the general meeting were not provided. The deliberations are to be resumed on Wednesday, April 3 at 11 at the company's headquarters in Jastrzebie-Zdrój.

On the agenda of the extraordinary general meeting, in addition to the decision on granting consent to take over the enterprise construction Szybów (PBSz), there is also a decision regarding shareholders' consent to establish property collateral, necessary to obtain by JSW a total of over PLN 1 billion in financing.

As announced last week by the president of Daniel Ozon, after positive decisions of the general meeting, the finalization of agreements related to obtaining financing would take place in April. Funding worth PLN 760 million is to be granted by a consortium of institutions: ARP, BGK, Pekao SA, PKO BP SA and ICBC (Europe) SA.

| Link | Share
Martin5760 24th Mar 2 of 2

Would be a shame if Stockopedia became just another ramping site for small mineral companies...

| Link | Share

Please subscribe to submit a comment

Stock Picking Tutorial Centre

Most Popular Now

Let’s get you setup so you get the most out of our service
Done, Let's add some stocks
Brilliant - You've created a folio! Now let's add some stocks to it.

  • Apple (AAPL)

  • Shell (RDSA)

  • Twitter (TWTR)

  • Volkswagon AG (VOK)

  • McDonalds (MCD)

  • Vodafone (VOD)

  • Barratt Homes (BDEV)

  • Microsoft (MSFT)

  • Tesco (TSCO)
Save and show me my analysis