Prairie takes over Dębieńsko coal mine

Australian Prairie Mining Limited is taking over from New World Resources (NWR) on a project to start mining coking coal at a site closed in 2000 in Dębieńsko in Czerwionka-Leszczyny (Silesia).

In a statement sent on Tuesday, Prairie announced that it will continue the current project of NWR. It will earmark €2 million for the takeover of the project, funds that will go to the bondholders of NWR, which owns 100 percent of the shares of NWR Karbonia, which controls the project. “Dębieńsko is one of the last such attractive and significant projects in Europe with reserves of coking coal type 35,” said Prairie Mining chairman Ben Stoikovich. In his opinion, although the Jan Karski mine in the Lublin region remains the key project for Prairie, by getting involved in Dębieńsko, the company is taking advantage of “a unique opportunity.” Prairie plans to supplement the coking coal type 34 and coal for energy use mined at Jan Karski with the coking coal type 35 from Dębieńsko. The company indicated that the demand for coal which the two mines aim to satisfy “consistently exceeds supply.”