Bloomberg News

New World Resources Snaps Three-Day Advance as Coal Price Drops

February 28, 2012

New World Resources Plc (NWR), the biggest Czech supplier of coal to steelmakers, fell for the first time in four days as the price of the commodity declined.

NWR dropped 2.1 percent to 153.76 koruna by 12:06 p.m. in Prague, snapping a 4.6 percent advance in the previous three sessions. Europe’s benchmark coal futures contracts slid 1 percent to $115 a metric ton in the Netherlands.

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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