Prairie Mining Share Discussion Threads

[lord gnome] 08/8/2017 07:43

Interesting. I wasn't aware that Poland's Chief National Geologist had made any adverse comments. I wonder what they were?

[someuwin] 08/8/2017 07:39

08 August 2017

PRAIRIE MINING LIMITED

NEWS RELEASE | 8 August 2017

UPDATE ON JAN KARSKI MINE

-- The Bankable Feasibility Study being prepared by China Coal for the development of the Jan Karski mine is now due for completion in September 2017. This follows extensive meetings in Poland during the last month between Prairie, its strategic partner China Coal and Polish government officials

-- Under the Strategic Co-operation Agreement between Prairie and China Coal, the BFS will support China Coal's EPC contract to construct the Jan Karski mine and underpin a Chinese bank financing package

-- Marketing and coal sales strategies are to be updated for the BFS following Prairie's latest successful drilling results and enhanced testwork establishing Jan Karski as a high-value ultra-low ash semi soft coking coal project which is expected to attract a 10% premium to international benchmark prices

-- Prairie remains on track to submit a Mining Concession application for Jan Karski, with significant progress made regarding spatial planning (re-zoning) and substantial completion of the Environmental and Social Impact Assessment; further updates regarding spatial planning are expected in the coming weeks

-- Prairie is the first entity to apply international best practice and modern standards in geological analysis, mine design and environmental studies for hard coal mining in Poland

-- Prairie notes that recent comments made by Poland's Chief National Geologist with respect to development progress at Jan Karski are incorrect and not reflective of the official position of the Government of the Republic of Poland with the official Spokesperson of Poland's governing PiS Party stating the comments made by Poland's Chief National Geologist were "neither the position of the Government, nor of the Prime Minister"

-- Prairie remains focused on developing its two World Class coking coal projects and continuing to make significant progress and investment alongside partners and investors such as China Coal and CD Capital

[plentymorefish] 02/8/2017 16:23

I'll take the average of the 4 which I make to be 101!

[someuwin] 02/8/2017 15:46

These are the latest targets...

Beaufort Securities £0.90

Cenkos Securities £1.23

Mirabaud £0.81

Tamesis Partners £1.10

[plentymorefish] 02/8/2017 09:31

Nice one - here's hoping!

[someuwin] 02/8/2017 09:29

Beaufort has put out a new piece on PDZ today reiterating 'BUY' and 90p target.

[someuwin] 02/8/2017 08:12

Very good entry level.

[plentymorefish] 01/8/2017 10:59

Took 10k (shares) @ 23.7 - for better or worse!...:)

[plentymorefish] 31/7/2017 14:06

Thanks LG - I'm contemplating a top up, might just see what happens to the share price in the next couple of days as if it's just a current lull in interest as per 2023 etc, it would appear a good price!

[lord gnome] 31/7/2017 08:37

The Bankable Feasibility Study on the Jan Korski mine is due this autumn. That should act as a catalyst to move the share price. My real hope here is the the Chinese will want to own the entire project and look to buy or buy out Prairie. Either that or Prairie will look to sell to one of the majors if the scheme is as big as is claimed. 2023 is a bit of a long wait for first production and I might not be here when it happens. Long Term investing has a different meaning at my age.

[lord gnome] 31/7/2017 08:35

Not that I have heard, plentymorefish. This drop today has come out of left field. Surprising really, as the news has been positive all through and progress is being made with the projects. The share price should be going the other way.
Hold, Fold or.... Add?

[plentymorefish] 31/7/2017 08:25

Big falls here lately - any news?

[someuwin] 06/7/2017 07:09

RNS Number : 2495K

Prairie Mining Limited

06 July 2017




PRAIRIE MINING LIMITED



NEWS RELEASE | 6 July 2017



FINAL TERMS AGREED FOR CD CAPITAL ADDITIONAL FUNDING



· Prairie and CD Capital agree final terms for a further investment of US$2.0m in the form of non-redeemable, non-interest bearing Convertible Loan Notes

· Funding increased to accelerate the redevelopment of Prairie's Debiensko Hard Coking Coal Project and advance pre-construction engineering works at its Jan Karski Mine

· Subject to Shareholder approval, Notes issued by way of a private placement by PDZ Holdings Limited which will be convertible into ordinary shares of Prairie at A$0.46 (28 pence) per share (same price as the recent Institutional Placement) and will be subject to a lock up period during which time CD Capital may not convert the Notes prior to 1 April 2018

· Based on the current share capital, conversion of all of CD Capital's Notes and exercise of CD Capital's options would result in approximately a 30% shareholding in Prairie




Prairie Mining Limited ("Prairie" or "Company") is pleased to announce that it has finalised terms for the previously announced additional investment from its cornerstone investor CD Capital Natural Resources Fund III LP ("CD Capital"), subject to shareholder approval.

The investment will take the form of a private placement of non-redeemable, non-interest bearing convertible loan notes ("Notes") for an aggregate principal amount of US$2.0 million upsized from the previously announced A$2.0m. The Notes can be exchanged into ordinary shares of the Company at A$0.46 per share representing the price of the share placement to a number of high quality UK institutional investors completed in April 2017 ("Institutional Placement"). The Notes are subject to a nine month lock up period whereby they are convertible after 1 April 2018.

The proceeds from CD Capital's investment, combined with the net proceeds from the Institutional Placement, will enable Prairie to further accelerate the development of its Debiensko Hard Coking Coal Project and advance pre-construction engineering works at its Jan Karski Mine. Prairie and CD Capital will continue working together in partnership to de-risk and enhance the significant value of Prairie's world class coking coal assets as they progress rapidly through the next stages of project development.

Prairie's CEO Ben Stoikovich commented: "CD Capital's additional investment in Prairie reaffirms the global significance of our Tier One coking coal assets in Poland. We are delighted with the continued support from our cornerstone investor who shares Prairie's vision to become Europe's next strategic coking coal supplier."

The issue of the Notes are subject to shareholder approval and the Company expects to lodge a Notice of Meeting in the coming weeks.

[someuwin] 02/6/2017 09:30

Top Miner Sees ‘Huge Demand’ Boost from China’s New Silk Road

by David Stringer ‎01‎ ‎June‎ ‎2017‎


* Projects to add about 150 million tons of steel demand: BHP


* Producer says has lifted force majeure on Escondida copper

China’s multi-billion dollar Belt and Road Initiative can deliver a major boost for commodities and will add about 150 million tons to global steel demand, according to BHP Billiton Ltd., the world’s largest miner.


The “One Belt One Road” initiative promises “huge demand for resources, services and technology,” and is “an opportunity like no other,” Balhuizen said earlier in a speech. BHP gets about 43 percent of full-year revenue from China and a total of at least 68 percent from Asia, according to data compiled by Bloomberg.

China’s plan, lauded by President Xi Jinping as a "project of the century," has the potential to generate about 120 million tons of crude steel demand, according to Citigroup Inc. Increased appetite from infrastructure will support steel even as there’s a slowdown in China’s housing sector, Templeton Emerging Markets Group Executive Chairman Mark Mobius said last month in an interview...

[someuwin] 27/5/2017 09:44

Analyst Coverage

Target price (Percentage gain from current 33p)

Beaufort Securities £1.04 (315%)

Cenkos Securities £1.23 (372%)

Mirabaud £0.81 (245%)

Tamesis Partners £1.10 (333%)

[someuwin] 26/5/2017 10:38

The Polish government is highly supportive.

The Australian government is highly supportive.

The Chinese government is highly supportive.

"Prairie Mining and China Coal, the second largest coal mining company in China and one of the world's most advanced and prolific shaft sinking and total underground coal mine construction companies, have signed a landmark Strategic Co-operation Agreement to advance the financing and construction of Prairie's Jan Karski Mine in Poland."

"Prairie's and CC5C's Strategic Co-operation Agreement demonstrates the increasing economic collaboration between Poland and China following China's proposed "One Belt, One Road" development strategy and highlights Poland's importance as a "One Belt Economy" for accessing key European markets."

[richie32] 25/5/2017 10:12

I like the strong emphasis on the support from Polish authorities. Seems they are keen to get on with it

[someuwin] 25/5/2017 10:01

Indeed Keya. These two mines are not just of national inportance but strategically important to Europe too.

Everything's going to plan here for PDZ to be a multi-billion company in time.

[someuwin] 25/5/2017 09:25

One day peeps will wake up to the story here.

They'll be paying an awful lot more by then though.

[someuwin] 25/5/2017 08:43

Beaufort Securities...

Prairie Mining (PDZ.L, 33.00p) - Buy

Prairie Mining announced this morning that its Deposit Development Plan (DDP) for its Jan Karski coking coal mine has received approval. This is a very significant step forward towards getting the mining licence and starting construction. In Poland a mining licence requires submission of the DDP, an Environmental and Social Impact Assessment, and a spatial development plan (rezoning of land for mining use). Prairie expects both environmental consent and its spatial plan to be approved in 2H17 which presumably will coincide or be shortly followed by a 50 year Mining Concession. Other news is that 45MW of power for the mine has been agreed with the Polish power utility and engineering works have started - Prairie has engaged SAG Group to design and permit the 10km power line required.

Our view: We are pleasantly surprised by the DDP development and the progress made on all fronts at Jan Karski. But perhaps most important is the comments of regional governor of Lublin Province, Mr Krzysztof Grabczuk. He said "Not only will the new mine create thousands of new jobs, but also largely contribute to the economic development of the region. It is uncommon for a mining project to be as strongly supported by the local communities as this one is, hence it proves our understanding of the mining industry and recognition of its economic benefits. We are looking forward to seeing another profitable mine in our region, Jan Karski, build and run according to the best international standards." Local support for a mine is critical, especially so in Europe and other developed countries. Jan Karski now appears to be moving quickly towards the mine construction stage and we recommend buying the shares.

[someuwin] 25/5/2017 07:05

PRAIRIE MINING LIMITED

NEWS RELEASE | 25 May 2017



DEPOSIT DEVELOPMENT PLAN APPROVED AS JAN KARSKI RECEIVES STRONG REGIONAL GOVERNMENT SUPPORT

HIGHLIGHTS

· Deposit Development Plan at Jan Karski approved by Lublin Regional Mining Authority, paving the way forward for a mining concession application

· 2017 Jan Karski Mine Development Conference attended by the Australian Ambassador to Poland, the Vice Marshall of the Lublin province and representatives from the Polish Investment and Trade Agency and numerous other distinguished regional officials

· Significant government support received at the Conference as regional authorities updated on Jan Karski's considerable progress to date

· Conditions of power grid connection have been signed with national power utility PGE Dystrybucja S.A. which will provide the 45MW bulk supply required for full scale mine production

· Development activities have commenced with the appointment of a leading contractor to design and supervise the bulk power supply connections for the project, including power lines and substations




Prairie Mining Limited ("Prairie" or "Company") is pleased to announce it has achieved a significant permitting milestone following a positive decision to approve the Deposit Development Plan ("DDP") for the Jan Karski Mine ("Jan Karski" or "Project"), which now paves the way forward for the Company to submit a formal mining concession application.

The Project received exceptionally strong support from regional authorities and local communities at the 2017 Jan Karski Mine Development Conference recently held in Lublin.

The Conference received wide coverage in both local and national media, including major newspapers and television, and was attended by senior Polish and Australian officials including:

· Mr Paul Wojeciechowski, Australian Ambassador to Poland

· Mr Anthony Weymouth, Senior Trade Commissioner and Commercial Counsellor - Austrade

· Mr Krzysztof Grabczuk, Vice Marshal of Lublin Province

· Mr Tomasz Sonntag, Director of the Lubelskie Province Governor's Office

· Mr Tomasz Szczepaniak, Vice Governor of Chelm Shire/County

· Mr Waldemar Białowąs - Vice Governor of Świdnik Shire/County

· Mr Łukasz Chrabański - Representative of the Polish Investment and Trade Agency ("PAIH").

Numerous community leaders from municipalities around the Jan Karski location also attended.

Mr Paul Wojciechowski, Australian Ambassador to Poland also gave his strong support for Jan Karski and noted that Prairie has strong support from the Australian government:

"I am immensely pleased to see at this Conference the continuous support of local communities and regional authorities for Prairie's Jan Karski project. As I hear, Prairie would be ready to commence the construction phase as soon as the mining concession is granted. The success of this investment will be proof for other foreign investors that projects of such scale are feasible in Poland. It also serves as a perfect example of the kind of high-quality foreign investment Deputy Prime Minister Morawiecki called for in his economic development plan for Poland. I am looking forward to Jan Karski being built, providing thousands of new jobs in the region and contributing to social and economic development of the Lublin Voivodeship. This project will continue to enjoy strong support of the Australian government, as it is one of the most important Australian investments in Poland."

Regional politicians confirmed their support for Jan Karski, which will be located in Siedliszcze municipality in the Chelm Shire, and its potential to create a large number of jobs and bring significant economic benefits to the regional and national economy. In his speech, the Vice Marshal (regional Governor) of the Lublin Province, Mr Krzysztof Grabczuk, said:

"The local government of Lublin Voivodeship has been supportive and will be supportive of Prairie's investment in the future. We realise how important Jan Karski is for our region. Not only will the new mine create thousands of new jobs, but also largely contribute to the economic development of the region. It is uncommon for a mining project to be as strongly supported by the local communities as this one is, hence it proves our understanding of the mining industry and recognition of its economic benefits. We are looking forward to seeing another profitable mine in our region, Jan Karski, build and run according to the best international standards."

Permitting Milestone - Deposit Development Plan

Prairie has achieved a significant permitting milestone following a positive decision to approve the Jan Karski DDP, which now paves the way forward for the Company to submit a formal mining concession application. The DDP is a mine technical-economic study which is prepared according to Polish government standards.

The DDP has now been officially approved by the Lublin Regional Mining Office and will form part of the Company's mining concession application. Under Polish law a mining concession application comprises the submission of a DDP, an Environmental Social Impact Assessment and approval of a spatial development plan (rezoning of land for mining use).

Prairie is expecting Environmental Consent and an approved spatial development plan during the second half of 2017. A granted mining concession will be valid for up to 50 years.

Power Supply

Prairie has now initiated works aimed at obtaining power grid connection for Jan Karski having obtained the appropriate network connection conditions from PGE Dystrybucja S.A. ("PGED"), a subsidiary of one of Poland's major state-owned power utility PGE Group, the largest power producer and supplier in Poland. Under the agreement, PGED has confirmed the conditions of connection to provide 45MW bulk power supply required for full scale mine production. Power supply will be made available in two phases; firstly, 20MW for the mine construction and shaft sinking phase, and then full mine power supply of 45MW for steady state production. The respective high voltage network power lines are in close proximity to the project and a strategic plan to expand the high-voltage power network across the region has already been adopted by relevant state authorities.

To initiate the power line connections, Prairie has appointed SAG Elbud Gdansk S.A. ("SAG"), to design and complete all the permitting and engineering preparation for the connection and construction of a 10 km long 110kV power line from a nearby power substation to the Jan Karski Mine site. SAG is a Polish subsidiary of the SAG Group, one of Europe's leading service and system supplier for electrical power, gas and water networks, as well as installations for generating, providing and applying electricity. The SAG Group currently has over 8,000 employees across Europe in offices in Germany, France, Poland, Czech Republic, Slovakia, Hungary and the Netherlands.

Prairie's CEO Ben Stoikovich commented:

"I am delighted with the strong regional government and community support we continue to enjoy from the Lublin region. We have designed Jan Karski to be a modern world class mine that will create jobs and stimulate further economic development in the region. Jan Karski is one of the most significant Australian investments in Central Europe and we enjoy strong support from the Australian government. Prairie will continue to transfer valuable international know-how and implement globally proven mining technologies that will unlock the full potential of the Lublin Coal Basin.

The approval of the Deposit Development Plan is an important step in the permitting process for Jan Karski and we now expect to be in a position to apply for a Mining Concession during the second half of the year. The power connection agreement with major Polish power utility PGE, and the appointment of SAG to commence power supply engineering works signals the initiation of development activities at Jan Karski.

Following the cooperation agreement with China Coal and the latest CD Capital investment, combined with cash on hand and the net proceeds from the recently completed institutional placement, Prairie is in an excellent financial position to further accelerate development activities at Jan Karski and Debiensko."

[lord gnome] 19/5/2017 17:48

Delighted to see that, someuwin. I had been thinking about adding yet more and this might just be the right time.

[someuwin] 19/5/2017 12:38

Something's driving it up today!

[plentymorefish] 10/5/2017 10:59

Thanks bobbyshilling. If only I'd sold on the spike and bought back now, hindsight hey! back to sleep for me as I agree, patience required for longer term reward!