Emerging coal producer, Prairie Mining
(ASX:PDZ) has commenced legal proceedings against Poland’s Ministry of Environment due to its failure to grant Prairie a Mining Agreement over the concessions which form the Jan Karski Mine.
They want to protect the company’s security of tenure over the project.
The Polish Civil Court has ruled in Prairie’s favour by granting an injunction preventing the MoE from granting prospecting, exploration or mining concessions and concluding agreements with any other party until full court proceedings are concluded.
Prairie Mining is focused on development and operation of the Jan Karski Mine in the Lublin Coal Basin.
It is anticipated that full court proceedings could take 12 months or more to complete.
Shares in Prairie Mining
(ASX:PDZ) closed flat at 58 cents on Tuesday
