Company News & Announcements
Get in touch with all of the ongoing events related with our projects
Balamara signs Terms Sheet for Mine Development at Nowa Ruda
The construction of the Nowa Ruda coking coal mine moved a significant step closer today with Balamara signing a Project Finance Terms Sheet with UK based finance group Broughton Capital Group. See below for full text announcement.
Balamara secures placement to fund the Company.
Balamara Resources Limited, has today secured a placement to maintain the company’s momentum towards the construction of the Nowa Ruda coking coal mine in southern Poland. See below for full text announcement.
Balamara lodges application for mining licence at Nowa Ruda.
Balamara Resources Ltd. through its wholly owned subsidiary Coal Holding Sp z o o has now lodged it’s application for the licence to mine coking coal at Nowa Ruda. This is the final step in the administrative process allowing Balamara to proceed with the extraction of hard coking coal suitable for the production of foundry coke required by European industry. The current strong demand for this commodity is reflected in its high market price. The adjacent coking plants currently import missing ranks for blending from Australia and the USA to supply this market.
‘We are particularly pleased by the governments acceptance of our application which involved providing evidence of our financing through to production’ – said Derek Lenartowicz Executive Chairman of Balamara. We have enjoyed great support from the local community, their elected representatives, the Church and the Trade Union leadership and Balamara will work closely with all stakeholders to reward their faith in us. We expect to commence construction in the first half of 2019 with first coal in late 2020’ – he said.
Please see below local coverage of the decision by the government to accept Balamara’s application.
TV coverage from regional station of national broadcaster, they kindly provided English subtitles.
Balamara receives Environmental Approval for Nowa Ruda
See below for Nowa Ruda’s Environmental Decision announcement:
Results of Annual General Meeting
Annual General Meeting has been held on January 31st in Perth. See document below for full report
Notice of Annual General Meeting
Full-year Financial Report 2017
Balamara Resources Limited announces the release of its full-year financial report as for 30th of June , 2017 to public. You can download the PDF file by clicking below:
Balamara: Corporate and Project Update
Balamara Resources would like to update its shareholders on progress within its portfolio of Polish coal assets as well as corporate matters concerning the company. You can find the full text of the recent announcement below:
Half-year Financial Report
Balamara Resources Limited announces the release of its half-year financial report as for 31st of December, 2016 to public. You can download the PDF file by clicking below:
Balamara’s new website is here! We encourage You to get in touch with all changes made in its content and up-to-date info reagrding all of our Projects. At the same time we would like to apologise for any possible technical inconveniences that may occur within soonest days. We are doing our best to provide You all information You’re seeking as soon as possible.
Results of Annual General Meeting
Annual General Meeting has been held on November 29th in Perth. See document below for full report