JSW and Prairie coal sign non-disclosure deal for potential cooperation

WSE-listed coal miners JSW and Prairie Mining signed a non-disclosure deal regarding potential cooperation on two Prairie-run projects. “The aim of the agreement is to allow the exchange of technical and commercial information, which will facilitate the implementation of key and more advanced discussions on all possible transaction options on Prairie projects,” the company said in a market filings. The two projects include Dębieńsko-1 mining concession for which JSW wants to conduct feasibility and economy studies, and Jan Karski mine, where JSW will investigate the development stage, physicochemical parameters of coal (in particular its coking parameters), timeframe, and conditions related to the obligation to obtain a mining concession, as well as other threats and opportunities. The talks are in the preliminary stage, JSW added.