Coal Holding to build a mining site in Dolny Śląsk

Coal Holding, part of the Australian Balamara Resources Limited group, is planning to open a mining site in the Lower Silesia region. The construction works are estimated to cost $150 million and start once the company obtains the necessary license, most probably in September, Andrzej Zibrow, CEO of the company, informed. “At the end of December, during the fifth exploratory drilling, we found anthracite coal deposits. It has perfect parameters. The coal deposits are 900-1,000 meters below the surface,” Zbirow told Gazeta Wrocławska. The company wants to apply for the license and deliver all the necessary documents to the Ministry of the Environment by the end of Q2. “We expect to obtain the license in September and then we will start the construction works, which will last 2-3 years. We plan to employ some 1,500 miners,” Zibrow added.