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Glossary / K 

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Karviná expansion project:

a development project of NWR in the Czech Republic. The Company announced its plans for hard coal exploitation at the Karviná – Staré Město site in 2011. The long-term mining outlook grades the site as containing more than 30 million tonnes of extractable coal reserves. Subject to a successful outcome in the related legislative process, mining should commence in 2016 and last for approximately 20 years.

KPI:

Key Performance Indicators are a set of quantifiable measures that a company or industry uses to gauge or compare performance in terms of meeting their strategic and operational goals. KPIs vary between companies and industries, depending on their priorities or performance criteria.

Kt:

kilotonne, one thousand (1,000) metric tonnes.