Prairie Mining to consider legal action against Polish government over coal plans

Writer, Stock Market Wire
Wednesday, February 13, 2019 - 14:55

Prairie Mining confirmed that it would consider taking legal action against the Polish government over resistance to its coal development plans.

The company said it had claimed to the Polish government that it had breached certain international treaties

'Praire's notification calls for prompt negotiations with the government to amicably resolve the dispute, and indicates Prairie's right to submit the dispute to international arbitration in the event the dispute is not resolved amicably,' Prairie said.

'Prairie Mining can confirm that we are taking all necessary actions to preserve our rights and protect our investments in Poland.'

'We remain hopeful that our dispute with the government can be resolved amicably.'

'The company will consider any other actions necessary to ensure its rights are preserved.'

At 2:55pm: (LON:PDZ) Prairie Mining Ltd share price was -1p at 19p

Related content

Prairie Mining requests Australia trading suspension pending Poland mine update

Dual-listed Prairie Mining said it had requested a suspension of trading of its shares on the Australian Securities Exchange pending a significant announcement.

The announcement...

Fri, 05/04/2019 - 09:43

Prairie Mining confirms talks with Jastrzębska Społka Węglowa over Polish assets

Prairie Mining confirmed that it was still talking to Jastrzębska Społka Węglowa concerning a possible deal related to its Polish coal projects.

The company was...

Tue, 28/08/2018 - 13:18

Prairie Mining says quality analysis indicates 'globally significant' coal resource

Prairie Mining said a quality analysis had indicated its Jan Karski Mine in Poland was a 'globally significant' semi-soft coking coal deposit.

Comparisons with...

Wed, 21/02/2018 - 09:52

Broker Forecast - Beaufort Securities issues a broker note on Prairie Mining Ltd

Beaufort Securities today reaffirms its buy investment rating on Prairie Mining Ltd (LON:PDZ) and set its price target at 90p.

Tue, 19/12/2017 - 08:30

Prairie Mining sees increased coking coal demand

Prairie Mining has noted that the European Commission continued to designate coking coal as a critical raw material in its 2017 review, while hard coking...

Wed, 13/12/2017 - 09:18