https://newsletter.mw.creamermedia.com
Coal|Mining|PROJECT
Coal|Mining|PROJECT
coal|mining|project

GreenX wins £252m arbitration award from Poland

8th October 2024

By: Creamer Media Reporter

     

Font size: - +

The share price of coal developer GreenX soared on Tuesday as the LSE- and ASX-listed company announced a major win in its arbitration case against Poland.

GreenX has been awarded £252-million, or A$490-million, in compensation and interest, it announced in a statement.

The company, which was previously known as Prairie Mining, argued that Poland breached its obligations under the applicable treaties through its actions to block the development of the Jan Karski and Dębieńsko mines, effectively depriving the firm of the entire value of its investments in Poland.  

The tribunal found that Poland had breached its obligations in relation to the Jan Karski mine, entitling GreenX to compensation. In respect of the Dębieńsko project, the Tribunal did not uphold the claim under the treaties.

In London, GreenX’s stock surged nearly 40% to £48.45 a share. The announcement was released after the markets closed in Sydney.

Edited by Creamer Media Reporter

Comments

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
John Ratcliffe
John Ratcliffe

At John Ratcliffe, we are aftermarket specialists for heavy-duty on and off-road vehicles. We engineer and retrofit advanced safety systems, engine...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 17 January 2025
Magazine round up | 17 January 2025
17th January 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.173 0.246s - 127pq - 2rq
Subscribe Now