Prairie Mining Limited Report On Payments to Governments (6731S)
23 December 2016 - 6:00PM
UK Regulatory
TIDMPDZ
RNS Number : 6731S
Prairie Mining Limited
23 December 2016
PRAIRIE MINING LIMITED
NEWS RELEASE | 23 DECEMBER 2016
REPORT ON PAYMENTS TO GOVERNMENTS
Prairie Mining Limited ("Prairie" or "Company") and its
controlled entities ("Group") provides information in accordance
with London Stock Exchange Listing Rule DTR 4.3A in respect of
payments made by the Company to governments for the year ended 30
June 2016 and in compliance with The Reports on Payments to
Governments Regulations 2014 (SI 2014/3209).
The following schedule details payments made to Polish
government entities by its wholly owned Polish subsidiary PD Co sp.
z o.o. ("PD Co"). Further, due to the operational focus of the
Group during the year ended 30 June 2016, the Polish government is
the only relevant party to whom payments are made.
Reporting Category Total Payments
30 June
2016
A$
---------------
Jan Karski
Mine
--------------------------------------------------- ---------------
Production entitlements -
Income Taxes -
Royalties -
Dividends -
Signature/discovery/production bonuses -
Licence fees (including mining usufruct payments) 312,195
Infrastructure improvements -
Total 312,195
--------------------------------------------------- ---------------
This report is also available for download at
www.pdz.com.au.
For further information, contact:
Ben Stoikovich
Chief Executive
Officer
+44 207 478 3900
Artur Kluczny
Group Executive
- Poland
+48 22 351 73 80
Sapan Ghai
Corporate Development
+44 207 478 3900
info@pdz.com.au
ABOUT THE DEBIENSKO HARD COKING COAL PROJECT
Debiensko is a world class, fully permitted, hard coking coal
project situated in Upper Silesia in Poland, a strategic location
in the steelmaking heartland of Europe where more than 80% of
current coking coal usage is imported and the commodity is
classified by the European Commission as a "Critical Raw
Material".
A large scale Coal Exploration Target has been estimated based
on historical drilling and resource work completed to Polish
standards, as well as data from adjacent operating mines. Coal seam
qualities are indicative of internationally traded benchmark
premium hard coking coals
Debiensko is fully permitted with a 50-year mining concession,
established on-site facilities including rail, road and power
infrastructure, comprehensive historical drilling data and all
environmental consents. As a brownfield development project,
significant historical capital investment positions Debiensko to
become a meaningful, near-term regional hard coking coal
producer.
ABOUT THE JAN KARSKI MINE
The Jan Karski Mine is a large scale premium coal project
located in the Lublin Coal Basin in south east Poland. The Lublin
Coal Basin is an established coal producing province which is well
serviced by modern and highly efficient infrastructure, offering
the potential for low capital intensity mine development. The Jan
Karski Mine is situated adjacent to the Bogdanka coal mine which
has been in commercial production since 1982 and is the lowest cost
hard coal producer in Europe.
This information is provided by RNS
The company news service from the London Stock Exchange
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