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Press Releases / 2010 / New World Resources N.V. subsidiary, OKD, a.s., donates CZK 1.5 million to address flood damage in the Czech Republic 

New World Resources N.V. subsidiary, OKD, a.s., donates CZK 1.5 million to address flood damage in the Czech Republic

27/5/2010

OSTRAVA (May 27, 2010) – New World Resources N.V. (“NWR”) subsidiary, OKD, a.s., is donating CZK 1.5 million to deal with flood damage in the Czech Republic, specifically in the Karviná area in the Moravian-Silesian region. The funds will be distributed among the municipalities affected by the flooding, with owners of flooded houses located directly in mining areas receiving a payment of CZK 20,000 each.

Flood relief money will be allocated to the Karviná, Stonava and Doubrava municipalities under OKD’s donation plan. Local municipal representatives will decide on the concrete usage of funds in relation to the actual needs identified in communities. “OKD and the surrounding individual communities have a mutual need for each other, this is a historically shown fact. We want to demonstrate clearly that the regional inhabitants can rely on us. Not only in good times but also when they are up to their waist in ill fortune, almost literally in this case,” said Klaus-Dieter Beck, OKD CEO and Executive Member of the NWR Board.

The OKD Foundation offered its immediate help to the affected region as soon as last week with the provision of CZK 500,000 from its crisis funds. A payment of CZK 50,000 was immediately transferred to volunteers from the Ostrava branch of the Czech Red Cross association, which coordinated rescue work in the Karviná area.

„These sums were mainly intended to enable the provision of immediate help to local inhabitants. We mainly wanted to support the rescue teams which with our financial means purchased the necessary items for dealing with damaging consequences of the flooding,“ said Petra Mašínová, NWR’s Head of Corporate Communication.

The foundation will distribute further sums according to need. Nonprofit organisations and schools affected by the floods will be among recipients. Up-to-date information about the OKD Foundation’s projects can be found at www.nadaceokd.cz/en.

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For further information, please contact:

New World Resources N.V.
Corporate communication
Tel.: +420 225 282 163
E-mail: petra.masinova@okd.cz

New World Resources N.V.
New World Resources N.V. 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 11 million tonnes of coal and 843 thousand tonnes of coke in 2009.

Website: www.newworldresources.eu

27 May 2010 New World Resources N.V. subsidiary, OKD, a.s., donates CZK 1.5 million to address flood damage in the Czech Republic (51KB PDF)

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