Listed coking coal miner JSW is working on the asset valuation of peer Prairie Mining #PDZ and expects to announce its further decisions on the subject in mid-September, CEO Daniel Ozon told reporters.
“The legal audits are being finalized and, together with advisors, we are working on asset valuation,” Ozon said, adding that the completed technical audits of the projects Debiensko and Jan Karski showed that both these projects meet JSW’s expectations as to the quality of coal.
“We will be informing of further steps likely in mid-September,” Ozon also said.
In early June Ozon told PAP JSW is in talks with Prairie Mining regarding potential investment in Prairie assets. JSW’s options include taking over Prairie Mining as a whole, or particular assets, because mining licenses belong to subsidiaries, not the firm itself, he said at the time.
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