New World Resources Plc (NWR), the Czech Republic’s biggest supplier of coal to steelmakers, retreated as a benchmark price of the commodity fell toward a 16-month low.
The stock dropped 1.2 percent to 126 koruna by 4:01 p.m. in Prague, poised for its lowest close since April 10.
Coal for next-year delivery fell 0.9 percent to $110.5 a metric ton in the Netherlands, a fifth day of declines and headed for the lowest close since December 2010.
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