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ECR Minerals #ECR confirms potential for “significant gold discovery” at Blue Moon; discovers two new targets – via Proactive Investors

Via Proactive Investors 03 Sep 2018
ECR’s technical team have been working hard at Blue Moon, where they have confirmed the potential for a “significant” gold system, and also found two new prospective targets

gold mineralisation

The two new discoveries are called Red Moon and Yellow Moon

ECR Minerals PLC (LON:ECR) shares spiked once on Monday as the miner confirmed the potential for a “significant gold discovery” at its Blue Moon prospect in Central Victoria, Australia.

In July, ECR told investors it was carrying out a technical review of the project after results from an initial drilling campaign provided “evidence of a significant near surface gold system”.

READ: ECR unearths significant mineralisation at Blue Moon

The review has backed up that earlier theory and suggested that there could be higher grade mineralisation a bit further below the surface, similar to the nearby 1mln ounce Fosterville mine.

As a result, ECR now plans to undertake more drilling at Blue Moon in “the coming months”.

In addition to the review, the explorer has also undertaken field mapping and soil sampling over previously unexplored areas just to the north and north-west of Blue Moon.

This work programme has identified two new prospective targets – called Red Moon and Yellow Moon – which share similarities with Blue Moon.

Further work on those two targets is due to begin shortly as ECR looks to better understand them and help determine a follow-up work programme.

Boss delighted with progress

“I am delighted with the progress our technical team have made with the review of Blue Moon,” said chief executive Craig Brown.

“It is evident that the Blue Moon target offers an opportunity to discover a significant gold deposit and that will be our prime objective in the forthcoming drill campaign.”

He added: “Furthermore, the addition of two new targets at Red Moon and Yellow Moon is extremely exciting for the technical team and the company.

“The multiple gold targets identified to date support the rationale of the company in securing the Bailieston licence with the overall objective being the discovery of a significant and economic gold deposit.”

ECR shares rose 16.2% to just shy of a penny in early trading on Monday.

VectorVest UK MD Dr David Paul discusses UK Market Timing and suggests it may be due for a turn. Watch the video for top stocks on the VectorVest radar that are potential turn around situations.

VectorVest UK MD Dr David Paul discusses UK Market Timing and suggests it may be due for a turn. Watch the video for top stocks on the VectorVest radar that are potential turn around situations. Stocks include Hastings (HSTG.L), Taptica (TAP.L), Barratt (BDEV.L) and Cranswick (CWK.L).

Cadence Minerals #KDNC – Update on Zulu Lithium Project

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) announced on the 27 June 2018 that it had entered into a conditional Heads of Terms with Premier African Minerals Limited (“Premier”) to earn up to 30% directly into the Zulu Lithium and Tantalum Project in Zimbabwe.

Cadence completed its due diligence, however, and as a result, it was unable to reach final terms with Premier.

Cadence is continuing to review several upstream mineral assets, where we see the potential to deliver shareholder value by investing in projects that have a short development timeline to cashflow. Our intent is to earn in at a project level basis, and we are focused on assets where we can both hold larger stakes and also utilise our considerable mining and financial management expertise to achieve a high level of returns.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information:

Cadence Minerals plc

+44 (0) 207 440 0647

Andrew Suckling

Kiran Morzaria

WH Ireland Limited (NOMAD & Broker)

+44 (0) 207 220 1666

James Joyce

James Sinclair-Ford

Hannam & Partners LLP (Joint Broker)

+44 (0) 207 907 8500

Neil Passmore

Ingo Hofmaier

Qualified Person

Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.

About Cadence Minerals:

Cadence is dedicated to smart investments for a greener world. The planet needs rechargeable batteries on a global scale – upcoming supersized passenger vehicles, lorries and buses – require lithium and other technology minerals to power their cells. Cadence is helping find these minerals in new places and extracting them in new ways, which will meet the demand of this burgeoning market.

Cadence invests across the globe, principally in lithium mining projects. Its primary strategy is taking significant economic stakes in upstream exploration and development assets within strategic metals. We identify assets that have strategic cost advantages that are not replicable, with the aim of achieving lower quartile production costs. The combination of this approach and seeking value opportunities allows us to identify projects capable of achieving high rates of return.

The Cadence board has a blend of mining, commodity investing, fund management and deal structuring knowledge and experience, that is supported by access to key marketing, political and industry contacts. These resources are leveraged not only in our investment decisions but also in continuing support of our investments, whether it be increasing market awareness of an asset, or advising on product mix or path to production. Cadence Mineral’s goal is to assist management to rapidly develop the project up the value curve and deliver excellent returns on its investments.

Forward-Looking Statements:

Certain statements in this announcement are or may be deemed to be forward-looking statements. Forward-looking statements are identified by their use of terms and phrases such as ”believe” ”could” “should” ”envisage” ”estimate” ”intend” ”may” ”plan” ”will” or the negative of those variations or comparable expressions including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors’ current expectations and assumptions regarding the Company’s future growth results of operations performance future capital and other expenditures (including the amount. nature and sources of funding thereof) competitive advantages business prospects and opportunities. Such forward-looking statements reflect the Directors’ current beliefs and assumptions and are based on information currently available to the Directors.  Many factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions competition environmental and other regulatory changes actions by governmental authorities the availability of capital markets reliance on key personnel uninsured and underinsured losses and other factors many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions. The Company cannot assure investors that actual results will be consistent with such forward-looking statements.

 

Andalas Energy & Power #ADL – Lombard Odier AM increases holding

 

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: Andalas Energy and Power PLC
1b. Please indicate if the issuer is a non-UK issuer   (please mark with an “X” if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rights X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name Lombard Odier Asset Management (Europe) Limited
City and country of registered office (if applicable) London, United-Kingdom
4. Full name of shareholder(s) (if different from 3.)v
Name Disclosure on behalf of accounts managed on a discretionary  basis by Lombard Odier Investment Managers group.
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reachedvi: 10/09/2018
6. Date on which issuer notified (DD/MM/YYYY): 12/09/2018
7. Total positions of person(s) subject to the notification obligation
% of voting rights attached to shares (total of 8. A) % of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)
Total of both in % (8.A + 8.B) Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached 5.17% 5.17% 296,184,423
Position of previous notification (if
applicable)
4.80% 4.80%

 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of
shares

ISIN code (if possible)
Number of voting rightsix % of voting rights
Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)
Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)
Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)
Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)
IM00B1FPZP63 15,307,784 5.17%
SUBTOTAL 8. A 15,307,784 5.17%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument Expiration
date
x
Exercise/
Conversion Period
xi
Number of voting rights that may be acquired if the instrument is
exercised/converted.
% of voting rights
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument Expiration
date
x
Exercise/
Conversion Period
 xi
Physical or cash
settlementxii
Number of voting rights % of voting rights
SUBTOTAL 8.B.2

 

9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”)
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii x
Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)
Namexv % of voting rights if it equals or is higher than the notifiable threshold % of voting rights through financial instruments if it equals or is higher than the notifiable threshold Total of both if it equals or is higher than the notifiable threshold
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional informationxvi

 

Place of completion London, United-Kingdom
Date of completion 12/09/2018

Buy Hastings Group Holdings #HSTG says VectorVest. Strong interim results and improved fundamentals provide platform for further growth

Founded in 1996 in Bexhill-on-Sea on the Sussex coast, Hastings Group (HSTG.L) is one of the fastest growing general insurance providers to the UK market, with 2.7m live customer policies and employing over 3,400 colleagues at sites in Bexhill, Leicester, Gibraltar and London. The group, which also trades via ‘Hastings Premier’, ‘Hastings Essential’, ‘Hastings Direct SmartMiles’, ‘People’s Choice’ and ‘insurePink’, provides straightforward products and services to UK car, bike, van and home insurance customers with around 90% of policies directly underwritten by its Gibraltar based insurer, Advantage Insurance Company Limited. The Group operates as an integrated insurance provider with two businesses. The Group’s Retail business, Hastings Insurance Services Limited, is responsible for the end customer pricing, fraud management, product design, distribution and management of the underlying customer relationships. The Group’s Underwriting business, Advantage Insurance Company Limited, engages in risk selection, underlying technical pricing, reserving and claims handling.

Examine this trading opportunity and a host of other similar stocks. A single payment of £5.95 gives access to the VectorVest Risk Free 30-day trial. More here

On August 8th 2018, HSTG published interim results for the six months ended 30 June 2018. HSTG reported a 9% increase in net revenue to £376.3m, with strong growth in adjusted operating profit, up 22% to £105.1m after including £14.6m of prior year VAT recovery and a £7m impact from adverse weather in Q1. HSTG reported sustained growth (up 6%) of live customer policies to 2.7m, which resulted in an increase in share of the UK private car insurance market to 7.5% from 7% previously.  Significantly the group also reported a strong solvency position, with a Solvency II coverage ratio of 171%, up from 167% at 31 Dec 2017, a significant increase in free cash generated, up £42.0m to £107.8m for the period and a 10% increase in the interim dividend to 4.5p per share. CEO Toby van der Meer said the group’s strong financial position and continuing cash generation “means we remain on track to meet all our 2019 targets and I would like to thank my 3,400 colleagues for what they do for our customers and each other, every day. It is their hard work, passion and commitment that has achieved a set of results that we can all be proud of.”

VectorVest metrics flagged up the progress of this stock to members as the key RT (Relative Timing) metric ticked up over 1 in early May 2018. The HSTG share price and RT metric fell back from that point and bottomed out at year lows around 229p in July, but subsequently both share price and RT metric moved sharply higher. Today, the HSTG RT metric, (a fast, smart indicator of a stock price trend) logs the stock at 1.29 – very good on a scale of 0.00 to 2.00, but the RV (Relative Value) metric, (an indicator of long-term price appreciation potential) logs HSTG as excellent at 1.42 (also on a scale of 0.00 to 2.00). The stock continues to register an excellent GRT (Earnings Growth Rate) rating of 20%, but still offers considerable scope for further upside trading at 270p against a current VectorVest valuation of 367p.

A weekly chart of Hastings is shown above. After a strong upmove the share retraced to 78% of that move. The latter is a support level used by Fibonacci orientated traders. From this level after a two-month period of accumulation the share price has advanced and is currently on a VectorVest Buy signal. The major reverse divergence also known as a “slingshot” between the price and the MACD indicator is very positive for a further upside move when the mood of the overall market improves.

Summary: Motor and general insurance is an incredibly competitive and fast-moving industry, where market leaders have to continually evolve, while at the same time retaining careful cost controls. With its broad product portfolio, HSTG is arguably one of the finest exponents of this particular art, as demonstrated by the strong set of interim results. Of particular note is the strong solvency position and free cash generation, essential components for growth, that no doubt give the group CEO his clearly stated confidence in the full year outcome. Given the disparity between the current share price and target, supported by a bullish chart, VectorVest recommends the shares as a buy.

Dr David Paul

September 5th 2018

Readers can examine trading opportunities on this and a host of other similar stocks for a single payment of £5.95. This gives access to the VectorVest Risk Free 30-day trial, where members enjoy unlimited access to VectorVest UK & U.S., plus VectorVest University for on-demand strategies and training. Link here to view.

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European Financial Publishing Limited T/A VectorVest UK (VectorVest) is authorised and regulated by the Financial Conduct Authority under register number 543038. You should remember that the value of investments and the income derived therefrom may fall as well as rise and you may not get back the amount that you invest. Past performance is not a reliable guide to the future. This material is directed only at persons in the UK and is not an offer or invitation to buy or sell securities. If investors are in any doubt of the suitability of an investment given their individual circumstances, they are recommended to contact an investment manager or independent financial adviser who may be able to provide tailored advice. Opinions expressed whether in general or both on the performance of individual securities and in a wider economic context represent the views of VectorVest at the time of preparation. They are subject to change and should not be interpreted as investment advice. VectorVest and connected companies, clients, directors, employees and other associates, may have a position in any security, or related financial instrument, issued by a company or organisation mentioned on this site. European Financial Publishing Limited is a company incorporated in Scotland under Company Number SC357322 with its registered address at Exchange Tower, 19 Canning Street, Edinburgh EH3 8EH. Email: support@VectorVest.com

Alan Green CEO of Brand Communications talks about: Feedback #FDBK Catenae Innovations #CTEA Midwich #MIDW Andalas Energy & Power #ADL on the Vox Market Podcast

Alan Green CEO of Brand Communications talks about: Feedback (FDBK) Catenae Innovations (CTEA) Midwich (MIDW) Andalas Energy & Power (ADL)

(Interview starts at 29 minutes 3 seconds)

Cadence Minerals Plc #KDNC – Director Share Purchases

As announced in December 2017 the Directors all entered into a Defined Director Purchase Programme (“DDPP”) in which they will each purchase £1,000 of ordinary shares per month for 12 months. These shares will be purchased from the market on the first Friday of each month starting on 2nd February 2018 and ending the 4th January 2019. The market will be notified of the purchases on the next trading day via a PDMR; Directors dealing notification.

The Directors have entered into a DDPP in an open period and under this programme are therefore committed to the purchase of shares in what otherwise may be a close period. Entering into the DDPP does not preclude the directors from buying additional shares in the Company during open periods.

Details of the Director purchases are contained in the table below:

Director

Position

Number of ordinary shares acquired

 Price paid per share (pence)

Andrew Suckling

Executive Chairman

500,000

0.20

Kiran Morzaria

Director & CEO

564,153

0.18

Donald Strang

Finance Director

600,000

0.17

Adrian Fairbourn

Non-Executive Director

588,235

0.17

After these acquisitions, the total notifiable share interest in the Company for the directors is as follows

Director

Position

Total Notifiable Interests (shares)

Andrew Suckling

Executive Chairman

 4,090,000

Kiran Morzaria

Director & CEO

 12,599,350

Donald Strang

Finance Director

 10,247,011

Adrian Fairbourn

Non-Executive Director

 10,725,760

 Total

 37,662,121

 

For further information:

Cadence Minerals plc

+44 (0) 207 440 0647

Andrew Suckling

Kiran Morzaria

WH Ireland Limited (NOMAD & Broker)

+44 (0) 207 220 1666

James Joyce

James Sinclair-Ford

Hannam & Partners LLP (Joint Broker)

+44 (0) 207 907 8500

Neil Passmore

Ingo Hofmaier

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Kiran Morzaria

2

Reason for the notification

a)

Position/status

Director & CEO

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cadence Minerals PLC

b)

LEI

213800TUZWG9C2GRNO58

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary Share

 

 

GB00B067JC96

b)

Nature of the transaction

Defined Directors Share Purchase Programme

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.0018

564,153

d)

Aggregated information

–      Aggregated volume

–      Price

564,153

0.0018

e)

Date of the transaction

07/09/2018

f)

Place of the transaction

XLON, AIM

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Andrew Suckling

2

Reason for the notification

a)

Position/status

Executive Chairman

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cadence Minerals PLC

b)

LEI

213800TUZWG9C2GRNO58

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary Share

 

 

GB00B067JC96

b)

Nature of the transaction

Defined Directors Share Purchase Programme

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.0020

500,000

d)

Aggregated information

–      Aggregated volume

–      Price

 

500,000

0.0020

e)

Date of the transaction

07/09/2018

f)

Place of the transaction

XLON, AIM

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Donald Strang

2

Reason for the notification

a)

Position/status

Finance Director

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cadence Minerals PLC

b)

LEI

213800TUZWG9C2GRNO58

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary Share

 

 

GB00B067JC96

b)

Nature of the transaction

Defined Directors Share Purchase Programme

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.0017

600,000

d)

Aggregated information

–      Aggregated volume

–      Price

 

600,000

0.0017

e)

Date of the transaction

07/09/2018

f)

Place of the transaction

XLON, AIM

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Adrian Fairbourn

2

Reason for the notification

a)

Position/status

Non-Executive Director

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cadence Minerals PLC

b)

LEI

213800TUZWG9C2GRNO58

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary Share

 

 

GB00B067JC96

b)

Nature of the transaction

Defined Directors Share Purchase Programme

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.0017

588,235

d)

Aggregated information

–      Aggregated volume

–      Price

 

588,235

0.0017

e)

Date of the transaction

03/08/2018

f)

Place of the transaction

XLON, AIM

 

About Cadence Minerals:

Cadence is dedicated to smart investments for a greener world. The planet needs rechargeable batteries on a global scale – upcoming supersized passenger vehicles, lorries and buses – require lithium and other technology minerals to power their cells. Cadence is helping find these minerals in new places and extracting them in new ways, which will meet the demand of this burgeoning market.

Cadence invests across the globe, principally in lithium mining projects. Its primary strategy is taking significant economic stakes in upstream exploration and development assets within strategic metals. We identify assets that have strategic cost advantages that are not replicable, with the aim of achieving lower quartile production costs. The combination of this approach and seeking value opportunities allows us to identify projects capable of achieving high rates of return.

The Cadence board has a blend of mining, commodity investing, fund management and deal structuring knowledge and experience, that is supported by access to key marketing, political and industry contacts. These resources are leveraged not only in our investment decisions but also in continuing support of our investments, whether it be increasing market awareness of an asset, or advising on product mix or path to production. Cadence Mineral’s goal is to assist management to rapidly develop the project up the value curve and deliver excellent returns on its investments.

ECR Minerals #ECR sees ‘significant gold opportunity’ at Blue Moon in Australia – Proactive Investors Stocktube

ECR Minerals PLC’s (LON:ECR) CEO Craig Brown and geologist Dr Rodney Boucher discuss the recent work programmes carried out at the Blue Moon gold project in Australia.

Prairie Mining #PDZ: Poland’s JSW seeks tighter grip on coking coal with possible Prairie bid – Via Reuters

Via Reuters – Agnieszka Barteczko, Barbara Lewis

WARSAW/LONDON (Reuters) – Poland’s JSW (JSW.WA) is considering a bid for control of Prairie Mining (PDZ.AX) to tighten its grip as the EU’s biggest coking coal miner, two sources familiar with the situation said.

FILE PHOTO: A miner walks outside the JSW mine where coal miners are missing underground after a strong quake hit the mine on Saturday in Jastrzebie Zdroj, Poland May 7, 2018. Agencja Gazeta/Dominik Gajda via REUTERS/File Photo
Coking coal is on the European Commission’s list of critical raw materials of economic importance with the price of Chinese coking coal futures DJMcv1 tripling since 2015.

State-run JSW and Australia’s Prairie, which is developing mines in Poland, have been in cooperation talks for much of this year but JSW wants control, according to the sources.

“JSW is considering a takeover of Prairie,” a source familiar with the situation told Reuters on condition of anonymity. Another person, who also could not be identified, also said he expected a takeover bid.

Poland’s prime minister and energy ministry have provisionally approved the plan, one source said.

The state-run company’s plan comes as the country faces nationwide local elections in October and reflects the ruling Law and Justice (PiS) party’s pledge to create jobs. The party also wants strategic assets returned to state ownership.

Prairie Mining has been developing coking coal at the Jan Karski mine in southeast Poland and the Debiensko mine in Silesia, Poland’s industrial heartland in the south.

A JSW spokeswoman declined to comment on the takeover plan but said the miner was assessing Prairie’s projects and may release more information by mid-September.

Prairie Mining declined to comment.

Highly polluting thermal coal, used to generate power, is increasingly difficult to mine in Europe as banks refuse to fund it. Coking coal, used in steel-making, is considered to have a better future.

“If Poland develops quickly, then we will need more steel and coking coal. In the case of JSW, it is obvious that the company is looking for more deposits,” Energy Minister Krzysztof Tchorzewski said this week.

The energy ministry was not available for immediate comment on the JSW takeover plan.

A handful of foreign investors are keen on mining Poland’s coking coal.

The sources said they expected the Polish government to reject a project by private British firm Tamar Resources, which wants to mine coking coal at a Silesian mine previously operated by JSW as a thermal coal mine

Tamar CEO George Rogers told Reuters he will keep fighting to run the project, which he said would provide at least 2,000 jobs.

The Solidarity trade union has asked the government to hold a tender seeking an investor to revive the mine and the union will back whoever wins, said Dominik Kolorz, head of the union’s Silesian branch.

“If Tamar wins, we would back Tamar,” he said, adding the ministry had yet to reply to the request for a tender.

Additional reporting by Wojciech Zurawski; editing by Jason Neely

Andalas Energy #ADL CEO Simon Gorringe discusses the conditional Bunga Mas PSC acquisition on the Vox Markets podcast

 

Simon Gorringe, Chief Executive Officer of Andalas Energy & Power (ADL) discusses progress at the company including their recent acquisition in Indonesia.

(Interview starts at 12 minute 29 seconds)

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