New World Resources N.V. (“NWR” or “the Company”) regrets to announce two fatalities resulting from an accident this morning at the Svoboda coking plant of OKK, its wholly owned coke producer in Ostrava, Czech Republic, when an ammonium hydroxide tank exploded on the premises.
At the time of the accident, the tank containing a small amount of ammonium hydroxide had been taken out of service and employees of a specialised subcontractor to OKK were performing maintenance works on piping insulation. The exact causes of the accident are still unknown and are currently being investigated.
Michal Kuča, OKK’s Chief Executive Officer and Chairman of the Board, said:
“We sincerely regret the loss of two lives and would like to express our deepest sympathies to the families and loved ones of both individuals.”
“The water in the tank contained only a very small concentration of ammonia at a level of tenths of percent. The tank’s explosion does not represent any environmental or health risks for people or businesses in the area surrounding the coking plant,” added Mr. Kuča.
The incident did not affect coke production, and all coke batteries continue to be in full operation.
Notes for editors:
New World Resources N.V.
New World Resources is the sole owner of OKD, a.s., the Czech Republic’s largest hard coal mining company and one of the largest producers in Central Europe by revenue and volume. Serving customers in the Czech Republic, Slovakia, Austria, Poland, Hungary and Germany, the Company produced 12.7 mt of coal in 2008, 7.4 mt of which was coking coal.
OKD, OKK, a. s.
OKD, OKK, a. s., (“OKK”), with headquarters in Ostrava, is a 100% subsidiary of the Central European coal mining group New World Resources and a sister company to OKD. The OKK coke producer is Europe’s largest producer of foundry coke and a leading producer of blast furnace coke, heating coke, and technological coke, primarily for foundries and metallurgical production, for special metallurgy, heating and other purposes. The company also produces other chemical coke by-products created during the high-temperature carbonisation of coal. OKK currently operates two coking plants – the Svoboda coking plant and the Jan Šverma coking plant – with five coke batteries containing a total of 298 chambers.
For further information please contact:
New World Resources N.V.
Chief of Corporate Communications
Tel: +420 225 282 163
Agnes Blanco Querido
Head of Investor Relations
Tel: +31 20 570 2270
Citigate Dewe Rogerson
Tel: + 44 207 638 9571