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new world resources plc-a sh (NW5) Details

New World Resources Plc, through its subsidiaries, produces coking and thermal coal for the steel and energy sectors in Central Europe. The company holds hard coal reserves covering a total area of approximately 120 square kilometers situated in 8 mining areas in the Karvina and Ostrava regions of the Upper Silesian basin; and 2 development projects in southern Poland of Debiensko and Morcinek. The company offers coking coal for steel production; sells thermal coal to regional utilities with coal fired power stations, and industrial users; and supplies foundry and blast furnace coke to steel customers. As of December 31, 2013, it had 64 million tonnes of hard coal reserves. New World Resources Plc has operations in the Austria, the Czech Republic, Germany, Slovakia, Poland, Sweden, Bosnia, Herzegovina, Hungary, and internationally. The company is headquartered in Amsterdam, the Netherlands. New World Resources Plc is a subsidiary of BXR Group Limited.

11,615 Employees
Last Reported Date: 05/14/14

new world resources plc-a sh (NW5) Top Compensated Officers

Executive Chairman, Member of Finance & Inves...
Total Annual Compensation: €355.3K
Chief Financial Officer, Executive Director a...
Total Annual Compensation: €212.6K
Compensation as of Fiscal Year 2013.

new world resources plc-a sh (NW5) Key Developments

New World Resources Plc Announces Operating Results for the Third Quarter of Fiscal 2014

New World Resources Plc announced operating results for the third quarter of fiscal 2014. The company noted a 1% quarter by quarter increase of the agreed price of coking call in third quarter to EUR 85 per ton from the second quarter of 2014 realized price of EUR 84 per ton.

New World Resources plc Announces Operating Results for the Second Quarter and First Half of Fiscal 2014; Provides Operating Guidance for the Fiscal Year 2014

New World Resources Plc announced operating results for the second quarter and first half of fiscal 2014. For the six months, the company announced Coking Coal and Thermal Coal production volume of 4,497 kt. Sales volume of Coking Coal was 2,544 kt and Thermal Coal was 1,475 kt. For the quarter, the company announced Coking Coal and Thermal Coal production volume of 2,271 kt. Sales volume of Coking Coal was 1,301 kt and Thermal Coal was 812 kt. The company provided operating guidance for the fiscal year 2014. The company continues to target fiscal year 2014 coal production and sales of 9 Mt - 9.5 Mt, with 55% - 60% of coking coal in the sales mix.

State May Consider Buying OKD

The state would consider buying OKD, a.s., a unit of New World Resources Plc (LSE:NWR), if it was on sale in the future, Jan Mladek, Industry and Trade Minister said on the public broadcaster Czech Television. According to NWR's external relations head Petr Jonak, the sale of subsidiary OKD is not on the agenda at present. A direct entry of the state is not quite simple, Mladek added. According to Mladek, the state would consider buying OKD under certain conditions. The state would subordinate all talks to preserving jobs for OKD employees. "We would like a strategic investor, preferably a company engaged in the same field, focusing on coal mining instead of financial speculations, to enter OKD in the event of its sale," Mladek said.


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