JSW on talks with Prairie Mining – ‘very initial’

State-run, WSE-listed coal miner JSW commented on the recent talks with another listed peer Prairie Mining calling them “very initial, a sounding out,” CFO Robert Ostrowski said. “This is not a stage of concrete talks with confirming of the will on both parts, it is more about sounding out intents,” he explained. Last week, Prairie Mining confirmed it held preliminary talks with JSW regarding their possible cooperation. Dziennik Gazeta Prawna daily reported that the talks concerned buying its mining license for defunct coking coal mine Dębieńsko. Deputy Minister of Energy Grzegorz Tobiszowski, asked about this matter said, “we have plans for new coal deposits, surely JSW needs to be aware, but it is too early to say what the outcome will be. These are trade talks, in which I am not a part of them.”