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Prairie Mining #PDZ – 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 2018 and in compliance with The Reports on Payments to Governments Regulations and its amendment in 2015.
The following schedule details payments made to Polish government entities by its wholly owned Polish subsidiaries PD Co sp. z o.o. (“PD Co”) and Karbonia S.A. (“Karbonia”). Further, due to the operational focus of the Group during the year ended 30 June 2018, the Polish government is the only relevant party to whom payments are made.
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Total Payments |
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Reporting Category |
PD Co: A$ |
Karbonia: A$ |
Total A$ |
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Production entitlements |
– |
– |
– |
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Income Taxes |
– |
– |
– |
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Royalties |
– |
– |
– |
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Dividends |
– |
– |
– |
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Signature/discovery/production bonuses |
– |
– |
– |
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Licence fees (including mining usufruct payments) |
282,422 |
204,415 |
486,837 |
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Property taxes to local municipalities |
– |
267,504 |
267,504 |
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Infrastructure improvements |
– |
– |
– |
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Total |
282,422 |
471,919 |
754,341 |
This report is also available to download at www.pdz.com.au.
For further information, please contact:
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Prairie Mining Limited |
Tel: +44 207 478 3900 |
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Ben Stoikovich, Chief Executive Officer |
Email: info@pdz.com.au |
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Sapan Ghai, Head of Corporate Development |
DEBIENSKO MINE (Hard Coking Coal)
The Debiensko Mine (“Debiensko”), is a permitted, hard coking coal project located in the Upper Silesian Coal Basin in the south west of the Republic of Poland. It is approximately 40 km from the city of Katowice and 40 km from the Czech Republic.
Debiensko is bordered by the Knurow-Szczyglowice Mine in the north west and the Budryk Mine in the north east, both owned and operated by Jastrzębska Spółka Węglowa SA (“JSW”), Europe’s leading producer of hard coking coal.
The Debiensko mine was originally operated by various Polish mining companies until 2000 when mining operations were terminated due to a major government led restructuring of the coal sector caused by a downturn in global coal prices. In early 2006 New World Resources Plc (“NWR”) acquired Debiensko and commenced planning for Debiensko to comply with Polish mining standards, with the aim of accessing and mining hard coking coal seams. In 2008, the Minister of Environment of Poland (“MoE”) granted a 50-year mine license for Debiensko.
In October 2016, Prairie acquired Debiensko with a view that a revised development approach would potentially allow for the early mining of profitable premium hard coking coal seams, whilst minimising upfront capital costs. Prairie has proven expertise in defining commercially robust projects and applying international standards in Poland. The fact that Debiensko is a former operating mine and its proximity to two neighbouring coking coal producers in the same geological setting, reaffirms the significant potential to successfully bring Debiensko back into operation.
JAN KARSKI MINE (Semi-Soft Coking Coal)
The Jan Karski Mine (“Jan Karski”) is a large scale semi-soft coking coal (“SSCC”) 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. Jan Karski is situated adjacent to the Lubelski Wegiel Bogdanka (“Bogdanka”) coal mine which has been in commercial production since 1982 and is the lowest cost hard coal producer in Europe.
Prairie’s use of modern exploration techniques continues to transform Jan Karski with latest drill results re-affriming the capability of the the project to produce high value ultra-low ash SSCC, known as Type 34 coal in Poland whilst confirming Jan Karski as a globally significant SSCC / Type 34 coking coal deposit with the potential to produce a high value ultra-low ash SSCC with a coking coal product split of up to 75%.
Prairie Mining #PDZ – CD Capital now a substantial shareholder
On 5 June 2018, Prairie Mining Limited was notified via the filing of a Form 603 with ASX that CD Capital Natural Resources Fund III LP (CD Capital) had provided notice of initial substantial holder (as defined by the Corporations Act 2001) of the Company as of 30 May 2018, following the conversion of a convertible loan note with a principal amount of A$15,000,000, exchangeable into 44,776,120 ordinary shares. CD Capital now holds 44,776,120 ordinary shares, representing 17.43% of the Company’s issued share capital.
For further information please contact:
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Prairie Mining Limited |
Tel: +44 207 478 3900 |
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Ben Stoikovich, Chief Executive Officer |
Email: info@pdz.com.au |
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Sapan Ghai, Head of Corporate Development |
Prairie Mining #PDZ – Notification of Major Holding(s) in Company
TR-1: Standard form for notification of major holdings
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NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i |
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1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: |
Prairie Mining Ltd Sedol BYSQ580 |
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1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) |
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Non-UK issuer |
X |
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2. Reason for the notification (please mark the appropriate box or boxes with an “X”) |
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An acquisition or disposal of voting rights |
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An acquisition or disposal of financial instruments |
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An event changing the breakdown of voting rights |
X |
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Other (please specify)iii: |
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3. Details of person subject to the notification obligationiv |
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Name |
1Lansdowne Partners International Limited 2Lansdowne Partners Limited 3Lansdowne Partners (UK) LLP 4Lansdowne European Equity Master Fund Limited
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City and country of registered office (if applicable) |
London, United Kingdom |
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4. Full name of shareholder(s) (if different from 3.)v |
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Name |
n/a |
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City and country of registered office (if applicable) |
n/a |
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5. Date on which the threshold was crossed or reachedvi: |
30/05/2018 |
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6. Date on which issuer notified (DD/MM/YYYY): |
01/06/2018 |
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7. Total positions of person(s) subject to the notification obligation |
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% of voting rights attached to shares (total of 8. A) |
% of voting rights through financial instruments |
Total of both in % (8.A + 8.B) |
Total number of voting rights of issuervii |
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Resulting situation on the date on which threshold was crossed or reached |
Less than 5% |
Less than 5% |
212,275,089 |
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Position of previous notification (if applicable) |
6.06% |
6.06% |
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8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii |
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A: Voting rights attached to shares |
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Class/type of ISIN code (if possible) |
Number of voting rightsix |
% of voting rights |
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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) |
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SUBTOTAL 8. A |
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B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) |
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Type of financial instrument |
Expiration |
Exercise/ |
Number of voting rights that may be acquired if the instrument is exercised/converted. |
% of voting rights |
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SUBTOTAL 8. B 1 |
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B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) |
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Type of financial instrument |
Expiration |
Exercise/ |
Physical or cash settlementxii |
Number of voting rights |
% of voting rights |
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CFD |
n/a |
n/a |
Cash |
Less than 5% |
Less than 5% |
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SUBTOTAL 8.B.2 |
Less than 5% |
Less than 5% |
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9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”) |
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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 |
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Full chain of controlled undertakings through which the voting rights and/or the |
X |
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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 |
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Lansdowne Partners International Limited |
Less than 5% |
Less than 5% |
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Lansdowne Partners Limited |
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Lansdowne Partners (UK) LLP |
Less than 5% |
Less than 5% |
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Lansdowne European Equity Master Fund Limited |
Less than 5% |
Less than 5% |
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10. In case of proxy voting, please identify: |
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Name of the proxy holder |
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The number and % of voting rights held |
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The date until which the voting rights will be held |
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11. Additional informationxvi |
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Place of completion |
London |
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Date of completion |
01 June 2018 |
Prairie Mining: Ceasing to be a substantial holder
Notice of Initial Substantial Holder
On 1 June 2018, Prairie Mining Limited (Company) was notified via the filing of a Form 605 with ASX that JPMorgan Chase & Co. and its affiliates (JPMorgan) had provided notice of it ceasing to be a substantial holder (as defined by the Corporations Act 2001) of the Company as of 30 May 2018, due to the dilution as a result of a share issue. JPMorgan continues to hold 8,926,195 ordinary shares, representing 4.21% of the Company’s issued share capital.
For further information please contact:
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Prairie Mining Limited |
Tel: +44 207 478 3900 |
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Ben Stoikovich, Chief Executive Officer |
Email: info@pdz.com.au |
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Sapan Ghai, Head of Corporate Development |
Prairie Mining Ltd #PDZ Change of Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.
Introduced 30/09/01 Amended 01/01/11
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Name of entity Prairie Mining Limited |
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ABN 23 008 677 852 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of Director |
Carmel Daniele |
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Date of last notice |
25 August 2017 |
Part 1 – Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.
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Direct or indirect interest |
Indirect |
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Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. |
Controller of CD Capital Natural Resources Fund III LP |
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Date of change |
30 May 2018 |
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No. of securities held prior to change |
A. Nil B. Nil C. 44,776,120 D. 5,711,804 |
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Class |
A. Ordinary fully paid shares B. Unlisted options exercisable at $0.60 each on or before 30 May 2021 C. Convertible loan note convertible into ordinary shares at $0.335 per share with no expiry date D. Convertible loan note convertible into ordinary shares at $0.46 per share with no expiry date |
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Number acquired |
A. 44,776,120 B. 22,388,060 C. Nil D. Nil |
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Number disposed |
A. Nil B. Nil C. (44,776,120) D. Nil |
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Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation |
See nature of change below |
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No. of securities held after change |
A. 44,776,120 B. 22,388,060 C. Nil D. 5,711,804 |
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Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back |
Conversion of the convertible loan note with a principal amount of $15,000,000, exchangeable into 44,776,120 ordinary shares at a conversion price of $0.335 per share and the subsequent issue of unlisted options on conversion of convertible note |
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.
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Detail of contract |
Convertible Loan Note Instruments |
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Nature of interest |
Controller of CD Capital Natural Resources Fund III LP (holder of right to acquire shares of Prairie Mining Limited pursuant to the above and below contracts). |
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Name of registered holder (if issued securities) |
CD Capital Natural Resources Fund III LP |
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Date of change |
30 May 2018 |
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No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed |
Right of CD Capital Natural Resources Fund III LP to acquire 44,776,119 ordinary shares and 21,388,060 $0.60 unlisted options which may result in the issue of an additional 21,388,060 ordinary shares (“Loan Note 1”)
Right of CD Capital Natural Resources Fund III LP to acquire 5,711,804 ordinary shares in the Company pursuant to an investment agreement and convertible loan note instrument |
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Interest acquired |
Nil |
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Interest disposed |
Loan Note 1 |
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Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation |
Not applicable |
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Interest after change |
Right of CD Capital Natural Resources Fund III LP to acquire 5,711,804 ordinary shares in the Company pursuant to an investment agreement and convertible loan note instrument |
Part 3 – +Closed period
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Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? |
Not applicable |
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If so, was prior written clearance provided to allow the trade to proceed during this period? |
Not applicable |
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If prior written clearance was provided, on what date was this provided? |
Not applicable |
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Initial notification/Amendment |
Initial |
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LEI |
213800EHCGNYSCN9T108 |
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Place of transaction |
Australian Securities Exchange (ASX) |
Prairie Mining Ltd #PDZ Ceasing to be a substantial holder
On 1 June 2018, Prairie Mining Limited (Company) was notified via the filing of a Form 605 with ASX that Arredo Pty Ltd (Areddo) had provided notice of it ceasing to be a substantial holder (as defined by the Corporations Act 2001) of the Company as of 30 May 2018, due to the dilution as a result of a share issue. Arredo continues to hold 10,600,000 ordinary shares, representing 4.99% of the Company’s issued share capital.
For further information please contact:
Prairie Mining Limited
Tel: +44 207 478 3900
Ben Stoikovich, Chief Executive Officer
Email: info@pdz.com.au
Sapan Ghai, Head of Corporate Development
Brand CEO Alan Green discusses Prairie Mining #PDZ, Andalas Energy #ADL, Audioboom #BOOM & #ELA on Vox Markets podcast
Brand CEO Alan Green discusses Prairie Mining #PDZ, Andalas Energy #ADL, Audioboom #BOOM & Eland Oil & Gas #ELA with Justin Waite on the Vox Markets podcast. Interview is 32 minutes in.
Brand CEO Alan Green discusses developments at Prairie Mining #PDZ on Vox Markets podcast
Brand CEO Alan Green discusses developments at Prairie Mining #PDZ with Justin Waite on Vox Markets podcast. The interview is 12 minutes 27 seconds in. NB: Recorded before the PDZ RNS