Bloomberg News

New World Resources Rises From July Low as Coal Price Increases

July 16, 2012

New World Resources Plc (NWR), a Czech coal-mining company, rebounded from last week’s drop to the lowest this month as the price of the commodity increased.

The stock climbed 1.8 percent to 102.80 koruna by 2:33 p.m. in Prague, after falling 3.9 percent in the previous five days to the lowest since June 28. Europe’s benchmark coal derivatives added 0.2 percent to $96.50 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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