Bloomberg News

NWR Jumps Most in Six Months as Xstrata Takeover Boosts Miners

February 02, 2012

Feb. 2 (Bloomberg) -- New World Resources Plc rose the most in almost six months after Xstrata Plc confirmed that Glencore International Plc approached it about a takeover offer, boosting investor demand for mining companies across Europe.

NWR, the biggest Czech coking-coal producer, increased 7.7 percent to 153.9 koruna at the close in Prague, its biggest one- day rally since Aug. 15. The stock was the best performer today in the PX equity gauge, which added 1.5 percent. Turnover was 978,740 NWR shares, or three times the three-month daily average.

--Editors: Peter Branton, Ash Kumar

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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