Australians will fedrowac in Poland? They have concessions and plans
Raphael Slide, Bartholomew Derski, wysokienapiecie.pl 2013-10-28
Australia is a true giant in the exploitation of coal and other raw materials. Coal is mined by open pit, which makes it much cheaper than ours. This is where the mining industry giants act at which Polish companies are hardly small fry - Rio Tinto, GlencoreXstrata, BHP Billiton. The Polish but do not get giants, but medium-sized companies listed on the stock exchange in Sydney.
Star rises in Nowa Ruda
Balamara Aboriginal language means "morning star". The company Balamara Resources is looking for coking coal in Lower Silesia, near Nowa Ruda near Walbrzych. The mines were closed there in the 90s - those were completely uneconomic because of extremely difficult geological conditions. But Derek Lenartowicz, one of the owners of the company, and the local authorities that coal can be restored. The messages listed company declares that he wants to do it in two-three years.
In Poland Coal Holding up a company with a capital of five thousand. zl, the minimum required by law. Lenartowicz quoted by "Gazeta Wroclaw" declared that the company will invest in Nowa Ruda 150 million zl. Gathering such a sum will not be easy - 150 million zl is almost exactly as much as the value of Balamara Resources on the Australian Stock Exchange (49 million Australian dollars). In addition, the company has made losses - last year it was 9 million. Australian or about 27 million zl. Derek Lenartowicz the case in Poland, but in the end did not respond to our repeated requests for contact.
Bogdanka for Australian?
Of particular interest in Australian miner has Lublin. And no wonder, in the end there is the most promising Polish coal deposit. Today we use the pearl of Polish mining - Bogdanka.
Around the Australians seek happiness. The most severely plans look of Prairie Down Metals, whose concessions are located on the east Bogdanki. - We have already begun exploratory drilling - says Ben Stoikovich, president of the company. Head of the Supervisory Board of Polish PD by Jacek Jezierski - former chief geologist of the country and Deputy Environment Minister in the previous government of Donald Tusk.
The deposits, which also has an appetite BOGDANKA have already been tested in the 70s But then prepared documents have to pay about 20 million zl. Bogdanka bought it some time ago. Stoikovich says also going to buy it and talking about it with the Polish authorities.
A new study to help check the quality of coal. If all goes well, in 2016, could start construction of the mine. But it will cost a lot of money - start by Bogdanka nearby golf Stefanów consumed about 600 million zl. Prairie Metals Stocks Down on the stock exchange in Sydney worth 31 million Australian dollars, or 90 million zl. The Polish company has a capital of PD Coal little over 2 million zl.
Copy the pump?
Too bad the managed Polish state-owned mining firm could use a very private competition. But if Australians actually want to invest here? - I think all these are their stories rather inflated stock market. After all, ordinary Australians are not aware of the Polish reality and buy these stories and actions, especially if they know that coal in Poland - said with a sneer manager of one of the Polish companies.
Stoikovich indignantly rejected such suggestions. - This type of gossip spread by our competitors interested torpedo the project - he says. He adds that the company is also interested in selling its license. - Our business is simply mining projects - says.
According to the law firm, which has recognized the bed, takes precedence in their extraction, but not always the case. If so research fields are passed successfully, and gain XP Coal money is waiting for us watching an exciting battle between Bogdanka and Australians for a license to extract coal in the area.
Coal for Siersza
The three other Australian companies wanting to mine for coal in Poland, it is difficult to say something. Linc Energy (Polish company with a capital of five thousand. Zl) says on its website that focuses on underground coal gasification in Upper Silesia.
Wildhorse Energy (capital of Poland, ibid.) Has a concession in La Verna in Upper Silesia. Its advantage, as the company said in the message exchange, is the proximity of power Siersza, though the already very old so Tauron gym can work more than a few years.
The most mysterious is the Lublin Coal Company, which is licensed in Ostrow, also near Bogdanki. Not much you can say about it, except that the financial statements found in the phrase, "the current work in progress in connection with the concession due to protracted negotiations with competing companies."
Does this mean that the franchise is for sale or the company may not commence drilling without checking out what the competition is doing - it's left her little secret.
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