What does NWR do?
We produce both coking coal and thermal coal (also known as steam coal). Coking coal is used as a raw material in steel production, and thermal coal is sold to electric utilities, industrial users and other producers of electricity.
Traditionally, coking coal commands higher prices and generates higher revenues with higher margins relative to thermal coal. Of our 12.7 million tonnes of hard coal produced in 2008, 7.4 million tonnes was coking coal, which we sell to European steel markets or use at our own coking plants. The remaining 5.1 million tonnes was thermal coal, which we export mainly to Austria, Poland, Slovakia and Germany.
How many people does NWR employ?
We employ over 19,000 people.
Where is NWR based and where does it operate?
NWR’s corporate headquarters is in Amsterdam, the Netherlands.
Our wholly-owned subsidiaries, coal miner OKD (http://www.okd.cz/en), coke producer OKK (http://www.koksovny.cz/en/) and NWR Energy (http://www.nwre.cz/), are based in the Czech Republic. We also have two coal mining development projects in Poland – NWR KARBONIA (http://www.nwrkarbonia.com/en).
Who are NWR’s main customers?
Some of our major customers include ArcelorMittal, US Steel, voestalpine, Moravia Steel, ČEZ, Dalkia, Verbund and Dunaferr.
Where does NWR export its coal?
We export our thermal coal mainly to Austria, Poland, Slovakia and Germany, and our coking coal we also sell to European steel markets.
Who owns NWR?
Please see the Shareholder Structure page:
http://www.newworldresources.eu/nwr/pages/governance/shareholderstructure
What is the history of NWR?
1782: Regular mining activities in the northeast region of today’s Czech Republic commenced
Prior to 1946, the hard coal mining business in the Ostrava Karviná region was under the control of several companies, including the Salomon Mayer Rothschild family.
1946: Government of the former Czechoslovakia nationalized the hard coal mining industry.
Early 1990’s: State enterprises engaged in coal mining were converted into two joint stock companies OKD and ČMD, to prepare them for privatisation. Former OKD comprised most of the mining industry located in the Ostrava Karviná region, while ČMD operated hard-coal mines in the Kladno region and Ostrava Karviná region (ČSM in Stonava).
1994-1997: 40% of OKD shares and 45% of ČMD shares respectively were privatised through a voucher privatization program and purchased by individuals and investment funds.
1998-2004: Karbon Invest acquired controlling stakes in ČMD and OKD from minority shareholders. A majority stake in Metalimex, a commodities trader, was acquired by ČMD and K.O.P., a.s. In 1998, Former OKD purchased all of the outstanding shares of K.O.P., a.s., a majority shareholder of Metalimex.
2004: Karbon Invest purchased 46% of the shares of OKD from the National Property Fund of the Czech Republic. Shortly thereafter, Karbon Invest was acquired by the RPG Group.
2005: Minority shareholders bought out, consolidating RPG’s holdings in OKD, ČMD and Metalimex. New World Resources B.V. was incorporated as a Dutch private limited liability company to serve as the holding company for NWR’s coal mining operations, coking business and certain related businesses.
2008: New World Resources B.V. was converted to New World Resources N.V. and listed on the London, Warsaw and Prague Stock Exchanges.
On which stock exchanges can NWR be found?
NWR´s shares are traded on the London Stock Exchange, Prague Stock Exchange and Warsaw Stock Exchange.
What are the ticker symbols for NWR?
London Stock Exchange (LSE) - NWR LN
Prague Stock Exchange (PSE) - NWR CP
Warsaw Stock Exchange (WSE) - NWR PW
When did the Company become public and what was the offer price?
NWR listed on the London, Prague and Warsaw Stock Exchanges in May 2008 at an offer price of GBp 13.25 pence per share.
How many shares were issued at the Initial Public Offering?
95,465,345 A shares
How can I get a copy of the IPO Prospectus?
The document can be viewed and downloaded at:
http://phx.corporate-ir.net/preview/phoenix.zhtml?c=221913&p=irol-ipodocs
Please email ir@nwrgroup.eu to request a hard copy.
What is NWR’s dividend policy?
NWR’s dividend policy is to target distribution of approximately 50 per cent of the Mining Division’s consolidated annual net income over the course of the business cycle, to be paid as interim and final dividends. Full details can be found at:
http://phx.corporate-ir.net/preview/phoenix.zhtml?c=221913&p=irol-Dividends
Where can I view details on the NWR share price?
The Company website displays the share price with a 15 minute delay.
http://phx.corporate-ir.net/phoenix.zhtml?c=221913&p=irol-stockQuoteChart
What is NWR’s fiscal year?
1 January to 31 December.
Where can I find information on NWR’s reporting calendar?
Full details can be found at:
http://phx.corporate-ir.net/preview/phoenix.zhtml?c=221913&p=irol-calendar
How can I get a copy of the Annual Report and Accounts 2008?
The document can be either viewed as an interactive site or downloaded at:
http://phx.corporate-ir.net/preview/phoenix.zhtml?c=221913&p=irol-annualreview
Please email ir@nwrgroup.eu to request a hard copy.
When is the next Annual General Meeting of shareholders?
The Annual General Meeting of shareholders of NWR will be held on 28 April 2010.
A further announcement will be made in due course.
How can I buy shares in NWR?
Please contact your stockbroker for information.
What is NWR’s safety policy?
Safeguarding the health and promoting the safety of our workers is an integral part of our business, and we are committed to doing all we can to improve these factors in all our operations. We have implemented stringent and sophisticated safety programmes, monitoring systems and practices throughout our mines and coking plants.
Hard coal mining inevitably involves a degree of risk, particularly in our case given the depth below the surface of many of our operations
We continue to invest significantly in personal safety protection gear and training programmes in order to enhance safety. New mining equipment purchased within the framework of our POP 2010 programme also makes a major contribution to enhanced safety – for instance, by producing less dust, and reducing the decibel level of mining operations.
What is NWR’s environmental policy?
NWR recognises that mining activity impacts the surrounding landscape and therefore one of its long-term objectives is to restore the landscape affected by exploitation so that the consequences of mining activities are smoothed away and the landscape can again serve for purposes other than mining.
The scope of reclamation objectives is very diverse and includes both technical reclamation, i.e. area shaping, restoration of water courses, relocation of utilities etc., and biological reclamation, i.e. re-vegetation of the landscape.
NWR is committed to minimising the impact of refuse from its operations. The company maintains refuse disposal storage sites for coarse and fine matter and we sell a portion of coarse refuse for local use in road building and construction. We also recover fine coal waste from ponds wherever possible; this is blended with other coal products for sale.
What is NWR providing locally besides employment? How has the Company helped local communities?
NWR’s socially responsible approach brings benefit to local communities in a number of areas and is embodied in the OKD Foundation which supports activities that benefit our wider community of stakeholders.
The OKD Foundation was established by NWR´s main mining subsidiary OKD on 25 January 2008. The purpose of the Foundation is to support and develop spiritual and humanitarian values, support the environment, the region, education, sports, social and health care area, culture and mining traditions, as well as to support the European projects of non-profit-making organizations.
The OKD Foundation supports initiatives targeting these areas through specific project-related grants and through four key Foundation Programmes:
For Health – social and health care projects,
For Enjoyment – cultural and educational projects,
For the Future – development of the region and environment,
For Europe – help for non-profit-making organizations in obtaining support from EU funds.
Through its donations to the OKD Foundation, NWR has supported a total of 402 projects with a total value of EUR 2,206,328 (62,064,000 CZK) in 2008 alone. More detailed information can be found at http://www.nadaceokd.cz/en
Does NWR issue quarterly reports?
Yes. Full details of the Company’s reports can be found at: http://phx.corporate-ir.net/phoenix.zhtml?c=221913&p=irol-reports
