Bloomberg News

New World Resources Gains as Greece Optimism Boosts Commodities

February 17, 2012

Feb. 17 (Bloomberg) -- New World Resources Plc, the biggest Czech producer of coking coal, rose as speculation that Greece will secure a bailout boosted demand for stocks and commodities.

The stock climbed 2.6 percent to 156 koruna by 10:10 a.m. in Prague, headed for its largest one-day gain since Feb. 8. Europe’s benchmark coal futures contracts increased 1.1 percent to $114 a metric ton in the Netherlands.

--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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