New World Resources

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New World Resources Plc
Type Public (LSENWR), PSE, WSE
Industry Mining
Headquarters Amsterdam, Netherlands
Key people Gareth Penny (Executive Chairman)
Revenue 1,299 million (2012)[1]
Operating income 56 million (2012)[1]
Net income (1) million (2012)[1]
Employees 17,000 inc. contractors[citation needed]
Website newworldresources.eu

New World Resources Plc ('NWR') is one of Central Europe's leading hard coal and coke producer. The Company produces quality coking and thermal coal for the steel and energy sectors in Central Europe through its subsidiary OKD, a.s. (Czech: Ostravsko-karvinské doly; Ostrava-Karviná Mines), the largest hard coal mining company in the Czech Republic. NWR currently has development projects in Poland and Czech Republic, which form part of NWR's regional growth strategy.[citation needed]

NWR NV became listed on the London and Prague stock exchanges in 2008, the largest Initial Public Offering on the LSE that year as well as the only listing on the PSE. NWR is listed in London, Prague and Warsaw. It is a constituent of FTSE Small Cap Index.

History[edit]

Regular mining activities in Silesia in the northeast region of the Czech Crown lands commenced in 1782 and were then nationalized in 1946. The company was established on privatisation of elements of the coal industry of the Czech Republic which started in 1994; in 2004 46% of the business was bought up by Karbon Invest which itself was acquired by RPG Group (owned by Mr Zdenek Bakala, a Czech billionaire), shortly thereafter.[2] In 2005 the coal and coke businesses of that company were restructured as New World Resources B.V. and were the subject of an Initial Public Offering as New World Resources N.V. in 2008.[3] In 2013 NWR sold its coke subsidiary, OKK Koksovny, a.s.

Operations[edit]

The company's main operations comprise OKD (a coal mining business) and NWR KARBONIA (a Polish coal and coke business).

NWR has 374 million tonnes of Joint Ore Reserves Committee reserves.[citation needed] Strategically located within the region, NWR supplies to a blue chip customer base in the region, major customers include ArcelorMittal, ČEZ, Dalkia, Moravia Steel, U. S. Steel Košice, s.r.o., Verbund, voestalpine and ThyssenKrupp.

The Company currently mines in the Silesian part of the Czech Republic in Karviná basin and has two development projects in Poland.

Headquartered in the Netherlands, NWR employs 17,000 people (incl. contractors).[citation needed]

References[edit]

  1. ^ a b c Preliminary Results 2012
  2. ^ History of NWR
  3. ^ "New World Resources: A determined miner". The Economist. 2010-12-02. Retrieved 2010-12-02. 

External links[edit]