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Press Releases / 2014 / Q3 2014 Trading Update 

Q3 2014 Trading Update

15/10/2014

New World Resources Plc ('NWR') and New World Resources N.V. today announce production and sales volumes as well as realised prices for the third quarter of 2014.

Q3 2014 Operating update

Below is a brief overview of the NWR’s key production and sales performance for 9M 2014, and Q3 2014. NWR will publish its 9M 2014 financial results on Thursday 13 November 2014 when further details will be provided.

 

 

9M 2014 production volume (kt)

9M 2014 sales volume (kt)

9M 2014 avg. realised price (EUR/tonne)

Coking Coal

6,332

3,647

86

Thermal Coal

2,437

56

 

 

Q3 2014 production volume (kt)

Q3 2014 sales volume (kt)

Q3 2014 avg. realised price (EUR/tonne)

Coking Coal

1,835

1,103

82

Thermal Coal

962

52

The average EUR/CZK FX rate in Q3 2014 was 27.6.

2014 Production and sales targets

Due to unanticipated production geological challenges encountered during the third quarter that have now been stabilized NWR has revised downward its FY 2014 coal production and sales targets to 8.75 – 9.0 Mt (previously 9.0 – 9.5  Mt). Coking coal is expected to account for 55 - 60 per cent in the sales mix.

 

– Ends –


 

Contacts:

Investor Relations                                                                            Corporate Communications

Tel: +31 20 570 2244                                                                       Tel: +31 20 570 2229

rnemecek@nwrgroup.eu                                                                  pjonak@nwrgroup.eu

Website:  www.newworldresources.eu

 

About NWR:

New World Resources Plc is a Central European hard coal producer. NWR produces quality coking and thermal coal for the steel and energy sectors in Central Europe through its subsidiary OKD, the largest hard coal mining company in the Czech Republic.

 

About NWR New World Resources N.V.:

New World Resources N.V. is a wholly owned subsidiary of NWR Plc. It is a company incorporated under the laws of the Netherlands and registered at Dutch Trade Register of the Chamber of Commerce under number 34239108 and registered as an overseas company at Companies House in the UK with UK establishment number BR016952 and its address at 115 Park Street, London, W1K 7AP, United Kingdom (Telephone +44 (0) 207 371 5990, Fax +44 (0) 207 371 5999).

 

Disclaimer and cautionary note on forward looking statements and notes on certain other matters

Certain statements in this announcement are not historical facts and are or are deemed to be “forward-looking”. The Company’s prospects, plans, financial position and business strategy, and statements pertaining to the capital resources, future expenditure for development projects and results of operations, may constitute forward-looking statements. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology including, but not limited to; “may”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “will”, “could”, “may”, “might”, “believe” or “continue” or the negatives of these terms or variations of them or similar terminology. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct.  These forward-looking statements involve a number of risks, uncertainties and other facts that may cause actual results to be materially different from those expressed or implied in these forward-looking statements because they relate to events and depend on circumstances that may or may not occur in the future and may be beyond NWR’s ability to control or predict. Forward-looking statements are not guarantees of future performances.

Factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected include, but are not limited to, the following: risks relating to changes in political, economic and social conditions in the Czech Republic, Poland and the CEE region; future prices and demand for the Company's products, and demand for the Company's customers' products; coal mine reserves; remaining life of the Company's mines; coal production; trends in the coal industry and domestic and international coal market conditions; risks in coal mining operations; future expansion plans and capital expenditures; the Company's relationship with, and conditions affecting, the Company's customers; competition; railroad and other transportation performance and costs; availability of specialist and qualified workers; and weather conditions or catastrophic damage; risks relating to Czech or Polish law, regulations and taxation, including laws, regulations, decrees and decisions governing the coal mining industry, the environment and currency and exchange controls relating to Czech and Polish entities and their official interpretation by governmental and other regulatory bodies and by the courts; and risks relating to global economic conditions and the global economic environment. Additional risk factors are as described in the Company’s annual report

Forward-looking statements are made only as of the date of this announcement.  The Company expressly disclaims any obligation or undertaking to release, publicly or otherwise, any updates or revisions to any forward-looking statement contained in this announcement to reflect any change in its expectations or any change in events, conditions, assumptions or circumstances on which any such statement is based unless so required by applicable law.

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