Monday, May 16, 2016

The company PD What is preparing the construction of the mine for 631.7 million USD – banker

The company PD What he wants next year to apply for a production license, and in 2023. Start production in the new coal mine in the Lublin region. The project is expected to cost 631.7 million dollars.

 


 
 
mine, calling itself “Jan Karski”, will be located near the village Kulik, gm. Siedliszcze – said on Monday at a conference in Lublin representatives of PD Co., a subsidiary of the Australian company’s mining Prairie Mining.

 

The proposed mine has a chance to become the most efficient mining plant in Europe, will not compete with other mines in the Polish market, as mined in the coal it is to be directed for export – assured the representatives of the investor.


 

“We are investing in the Lublin region, because the Lublin Coal Basin is the best coal deposit, which remained in Europe. Here we see a huge potential to build new mines, which will be able over the years to lead a profitable operation ensuring Europe’s energy security” – said General Director Prairie Maining, Ben Stoikovich.

 

“Europe needs coal now and will need in the future. At last. Year coal consumption in Europe amounted to 700 million tons in Germany alone were used 230 million tons,” – he added.

 

President PD What Janusz Jakimowicz stressed that after three years of diagnosis deposits in areas covered by the license exploration company assesses the resources estimated coal – by international standards – at 700 million tons, while resources suitable for mining – to 140 million tons.

 

“It is enough for 24 years of production, and that production can be further extended with the 700 million tons can still carve out more. () Calculated that we can produce coal at $ 25 per tonne. Today ton of coal costs $ 46 . I do not think coal become less than $ 30, we are still safe, for what we wanted, “- said Jakimowicz.

 

“Maybe even a good thing that in these difficult times, we proceeded to design the mine, because we realized that we can not count on that coal will cost 60, 80 or 100 US dollars. We have secured in this way. As long worked until we have created a project that will be profitable, “- he assured.

 

As a member of the supervisory board gave PD What Mirosław Taras, the company has already spent on the appraisal of 20 million dollars, and now has the amount of nearly 240 million zł, including thanks to the involvement of the British fund CD Capital.

 

“That’s enough for a variety of development and investment preparation, such as roads and power line. When it comes to the same construction of the mine, we are in talks with large investors and banks. In the course of this year and the next, we plan to finance the win” – said Taras.

 

What PD already purchased several hectares of land at the site of the planned investment; It plans to buy a total of 50 ha. It collects the documents necessary to obtain a production license. He submitted a request to change the zoning plan in gm. Siedliszcze, preparing documentation on the environmental impact and the deposit development plan. No later than the middle of next year it is expected to apply for a production license to the Ministry of Environment, which has a half-year time for a decision.


 

The construction of the mine is planned in 2018. And mining – in 2023. The mine is expected to produce annually 6.3 million tons of coal, employ 2 thousand. employees, including associated companies – up to 10 thousand. people. (PAP)

 

kop / gma /

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