May 12, 2020 / 1:10 PM / 15 days ago

BRIEF-JSW Drops Cooperation Talks With Prairie Mining Limited

May 12 (Reuters) - Jastrzebska Spolka Weglowa SA:

* ENDS TALKS REGARDING POTENTIAL COOPERATION WITH PRAIRIE MINING LIMITED

* TALKS WERE REGARDING PRAIRIE MINING LIMITED COAL PROJECTS IN POLAND

* END OF TALKS PRIMARILY DUE TO LIMITING OF CO’S INVESTMENT ACTIVITIES AS A RESULT OF CORONAVIRUS SPREAD AND NEGATIVE CHANGE IN MARKET CONDITIONS

* SIGNIFICANT DROP IN PRICES OF RAW MATERIALS INCLUDING COKING COAL IS FACTOR WITH NEGATIVE IMPACT ON CO’S ACTIVITIES

* CO TO FOCUS PRODUCTION ON CURRENTLY OWNED RESOURCES Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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