Prairie Mining starts legal proceedings against Polish MoE

Company News

by Rachael Jones

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
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.