We use cookies to make sure our website better meets your expectations.
You can adjust your web browser's settings to stop accepting cookies. For further information, read our cookie policy.
IN Warsaw
Exchange Rates
Warsaw Stock Exchange - Indices
The Warsaw Voice » Business » April 15, 2014
You have to be logged in to use the ReadSpeaker utility and listen to a text. It's free-of-charge. Just log in to the site or register if you are not registered user yet.
Australia's Prairie Downs to launch coal mine construction in Poland
April 15, 2014   
Article's tools:

PD Co., a unit of Australian miner Prairie Downs Metals Limited (PDML), wants to launch construction of a coal mine in the Lubelskie region in eastern Poland in an investment worth ca. PLN 3 billion in its initial stage, PDML director general Ben Stoikovich said during a press conference on Monday.

"Our goal is to launch the investment by near the end of 2016," Stokovich said.

The Australian miner will operate near WSE-listed coal miner Bogdanka located in the eastern town of Puchaczow

The mine is expected to employ 2,000 people.

PDML received four permits for coal exploration on land plots encompassing 184 square kilometers back in 2012. In 2013 the firm conducted four exploratory drillings and wants to conduct three more this year. Coal deposits at permits held by PD Co. are estimated at 1.6 billion tons.

Coal production could be launched in 2021 or 2022 if PD Co. received an extraction permit in 2016, PD Co. president Janusz Jakimowicz said during the conference. PD Co. plans to extract 7-10 million tons annually for at least 25 years.
© The Warsaw Voice 2010-2018
E-mail Marketing Powered by SARE