UK 18:05 Monday, 26 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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Czech coal miner New World Resources (NWR) has slashed its annual deficit from E914 million (£672 million) to E 21 million thanks to an advantageous capital restructuring and is ‘identifying new business opportunities’ while coal prices remain weak. Formerly part of the Czech state-owned coal industry, the company, which is listed in London, Prague and Warsaw and operates through its Czech mining subsidiary OKD, increased output 2 % in 2014 to 8.6 million tonnes, with hard coking coal for the steel industry 3% ahead to 8.3 million tonnes and thermal coal for power generation down 30% to 3.5 million tonnes.
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