Interesting article from poland
http://biznes.onet.pl/czy-kangury-pofedruja-w-polsce,18567,5585703,news-detal
translated by google
Do kangaroos pofedruja in Poland?
October 30, 14:05
Australian companies are looking for coal in our country.
We don't know yet known how serious their intentions are.
The fact that Polish coal can be attractive attractive to private companies already know from the moment we have invested in him company in the Czech Republic. Belonging to one of the richest Czechs Zdenek Bakala NWR invested in deposits in Debiensku and holding EPH purchased from Silesia Coal Company mine. And for several months, we have a crop of concessions for prospecting of deposits for companies in the country of kangaroos.
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 ompanies are hardly small fry - Rio Tinto, GlencoreXstrata, BHP Billiton.
............
Coal for Siersza
The three other Australian companies wanting to mine for coal in Poland, it is difficult to say something.
Linc Energy says on its website that focuses on underground coal gasification in Upper Silesia.
Wildhorse Energy. 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, "continues the work in connection with the concession due to protracted negotiations with competing companies."
In my opinion its more than likely that Linc energy is the third party mentioned in the previous announcement by WHE on the 7th of Aug... A JV would certainly make sens.
"the company has recently entered into a non-binding, indicative term sheet with a third party in respect to the steps to progress, and the broad parameters of, a potential conditianal corporate level transaction..."
Looking good
DYOR
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