Introduction
One of Central Europe´s leading hard coal and coke producers
New World Resources Plc ('NWR' or the 'Company') is one of Central Europe's leading hard coal and coke producers. The Company produces quality coking and thermal coal for the steel and energy sectors in Central Europe through its subsidiary OKD, a.s. ('OKD'), the largest hard coal mining company in the Czech Republic. NWR's coke subsidiary, OKK Koksovny, a.s. ('OKK') is Europe's largest producer of foundry coke.
NWR has 385 million tonnes of JORC1 hard coal reserves as of 1 January 2012. Strategically located within the region, NWR supplies to a blue chip customer base in the region, including ArcelorMittal, U.S. Steel, voestalpine, Dalkia, CEZ, Verbund, Moravia Steel, and ThyssenKrupp.
NWR currently mines in the Czech Republic and has three development projects, which form part of the Company's regional growth strategy. The most prominent of these projects is the Debiensko Mine, located in southern Poland. Full details of our operations and development projects can be found on the Operations section.
NWR NV first became a publicly listed company in May 2008 joining the London, Prague and Warsaw Stock Exchanges. The Company was noted as the largest Initial Public Offering on the London Stock Exchange in 20082. In April 2011, the Company redomiciled in the United Kingdom to become a FTSE 250 UK Plc. NWR is also part of the FTSE 350 Mining Index and retained all its three listings.
Headquartered in the Netherlands, NWR employs over 18 thousand people led by a world-class management team and Board with both global and regional experience.
Regular updates on the Company's financial performance can be found in the Results Centre section.
1 Full name: Joint Ore Reserves Committee. The Company employs a certified geologist who prepares the reserve numbers in accordance with JORC certified expert.
2 Source: Dealogic.