Bloomberg News

New World Resources Slumps With Coal to Lowest in 1 1/2 Months

March 15, 2012

New World Resources Plc (NWR), the Czech Republic’s biggest supplier of coal to steelmakers, slumped to its 1 1/2-month low as the price of the commodity fell.

The stock slid as much as 3.5 percent to 139 koruna, its weakest intraday price since Jan. 30, and traded 2.2 percent down to 140.8 koruna by 10:38 a.m. in Prague. Europe’s benchmark coal derivatives slid 0.4 percent to $113 a metric ton in the Netherlands, extending this week’s retreat to 0.9 percent.

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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