By Adam Clark

London-listed shares in Prairie Mining Ltd. (PDZ.AU) surged on Tuesday after the company noted comments by Poland's Jastrzebska Spolka Weglowa SA (JSW.WA), or JSW, over a potential deal for coal assets.

The Polish Press Agency reported on Monday that JSW's Chief Executive Daniel Ozon said it is working on valuation of Prairie's Polish coal assets, with the next steps to be announced in mid-September. JSW had previously told the agency that its options include acquiring Prairie or individual assets.

Prairie said in its own statement that discussions continue to be at a preliminary stage.

Shares at 0811 GMT were up 4.50 pence, or 17%, at 31.50 pence.

Write to Adam Clark at adam.clark@dowjones.com; @AdamDowJones

(END) Dow Jones Newswires

August 28, 2018 04:35 ET (08:35 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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