Coverage of high-potential mid-market firms in Poland

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Robyg plot purchase; Prairie Mining on Debiensko scoping study

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Trade on the WSE will open in the wake of mild losses in Asia and a negative closing in the US. Warsaw's large-cap index closed on Tuesday down by 0.2% at 2238.38 points.

ROBYG - Listed developer Robyg signed a preliminary deal to buy a 3.2 ha plot in Warsaw for PLN 31.5 mln, adjacent to a 1 ha plot already purchased, the firm said in its market filing. Robyg is planning a housing project of at least 32k m2 of housing space, the firm noted.

 
 

PRAIRIE MINING - WSE-listed Australian miner Prairie Mining could generate an average annual EBITDA of USD 282 mln on the Debiensko mine in Poland, the firm said in a market filing with the results of a scoping study.

 

"High potential cash margins result in forecast EBITDA (average steady state) of USD 282 mln by adoption of international best practice in mine design," the filing reads.

 

Debiensko could yield 2.6 mln tons of hard coking coal a year from a JORC Resource of 301 mln tons, with the cash cost estimated at ca. USD 47 per ton, the study showed.

 

The cumulative cash cost over the mine's lifespan is estimated at USD 5.4 bln.

2017-03-15



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