Bloomberg News

New World Resources Drops From Three-Month High on Coal Prices

January 23, 2012

Jan. 23 (Bloomberg) -- New World Resources Plc dropped from an almost three-month high after the Czech coal company said it cut delivery prices of the commodity in the first quarter.

NWR retreated 2.4 percent to 143.5 koruna as of 11:11 a.m. in Prague, after increasing 3.3 percent in the previous three sessions to the highest level since Oct. 31.

--Editors: Linda Shen, Alex Nicholson

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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