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Press Releases / 2010 / OKD Foundation to contribute funds to liquidate flood damage 

OKD Foundation to contribute funds to liquidate flood damage

21/5/2010

OSTRAVA (21 May 2010) – New World Resources N.V. (“NWR”) is continuously monitoring the exacting situation and torment which has been caused in Northern Moravia by devastating floods. At the same time, the company is seeking opportunities to support local inhabitants as well as its own employees in the area and has set out to provide a helping hand to the neediest.

The OKD Foundation, a company foundation of OKD, a.s., an NWR subsidiary, is also actively supporting people affected by the floods and is poised to earmark up to half a million Czech crowns for the stricken areas. Its Administration Board has already approved the first CZK 50,000 for the Czech Red Cross volunteers who have been helping on-site since Monday; further funds shall be distributed by the Foundation later on.

“Providing support to the regions where we undertake our business has been a long-term strategy of NWR. Extending a helping hand in this difficult situation is a matter of course. We started with the provision of help through the OKD Foundation even before the first reports of the floods appeared in the media. I trust our support will at least mitigate the hardship of the local residents,” said Petra Mašínová, Head of Corporate Communication at NWR, commenting on the current situation.

Despite the hectic situation, funding support from the OKD Foundation has enabled volunteers helping in the worst affected regions of Karviná and Bohumín to purchase the most essential supplies, such as bandages, disinfectants and fuel. The Foundation employees shall continue monitoring the flood situation and will make decisions on the use of further funds based on developments.

More information about OKD Foundation projects can be found on 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

21 May 2010 OKD Foundation to contribute funds to liquidate flood damage (72KB PDF)

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