Bloomberg News

New World Resources Falls for Second Day as Coal Price Declines

July 10, 2012

New World Resources Plc (NWR), the biggest Czech producer of coking coal, dropped for a second day to the lowest in more than a week as fuel prices declined.

The stock retreated 1.4 percent to 103 koruna by 10:06 a.m. in Prague, its lowest intraday level since July 2. Europe’s benchmark coal derivatives slid 0.6 percent to $96.40 a metric ton in the Netherlands, set for the lowest close in three weeks.

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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