An interesting article was written by what seems to be a pro-Polish government journalist. Link below:
https://naszeblogi.pl/65852-bezpieczenstwo-surowcowe-nie-ma-ceny
The final paragraph of this article has some interesting points. English translation below:
"key deposits of coking coal to create competition for Jastrzębska Spółka Węglowa.
What was at stake was shown by the latest results of JSW, which earned a record PLN 7 billion in 2022.
Thanks to the efficient policy of Deputy Prime Minister Jacek Sasin and Minister of Climate and Environment Anna Moskva, the situation is now under control. An example is the Dębieńsko deposit. Its value was discussed by the previous management boards of JSW, which wanted to buy it from the Australians. These are the last large deposits of the most valuable type 35 coal in Poland. Estimates by Prairie Mining indicated that approximately 93 million tons of coking coal suitable for mining were deposited in Dębieńsko. Prices reach over PLN 1,000 per ton, which means that resources worth PLN 93 billion were at stake.
Of course, this bold policy comes at a price. Foreign investors have filed claims, which they pursue before the arbitration court in The Hague. The case is on the final straight and the verdict will be delivered soon. The value of these claims is over PLN 4 billion, but even if Poland loses the case and has to pay a one-off compensation, which according to legal experts is likely, the profits far outweigh the potential losses.
It can therefore be concluded that for the amount of several billion zlotys, it was possible to recover strategic deposits, the value of which is many times greater. More importantly, we managed to secure the security of raw materials and energy for many years, as well as ensure stability and a good future for important state-owned companies."
- Forums
- ASX - By Stock
- GRX
- Ann: Arbitration Hearing Claims Against Poland Now Completed
Ann: Arbitration Hearing Claims Against Poland Now Completed, page-60
-
- There are more pages in this discussion • 89 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GRX (ASX) to my watchlist
|
|||||
Last
88.0¢ |
Change
-0.050(5.38%) |
Mkt cap ! $245.4M |
Open | High | Low | Value | Volume |
88.0¢ | 88.5¢ | 88.0¢ | $670 | 761 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5320 | 85.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
92.0¢ | 22565 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5320 | 0.855 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.920 | 22565 | 1 |
0.940 | 6700 | 1 |
0.950 | 4500 | 1 |
0.980 | 50000 | 1 |
1.000 | 16000 | 2 |
Last trade - 15.32pm 20/06/2024 (20 minute delay) ? |
Featured News
GRX (ASX) Chart |
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online