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New World Resources Plc (NWR) fell, set for its lowest in more than two weeks, as fuel prices slid.
The stock dropped 1.4 percent to 97.6 koruna by 10:38 a.m. in Prague. A close at that level would be its lowest since June 12. Europe’s benchmark coal derivatives slid 0.8 percent to $98 a metric ton in the Netherlands.
NWR named Gareth Penny its new executive chairman, the biggest Czech producer of coking coal said in a statement today. Penny will replace Mike Salamon on Oct. 1, the company said.
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