Archive of magazine

NWR aims to become Europe's leading marketer of coking coal (Open Mine 01/2013) At NWR’s 2012 financial results presentation in London in February, Executive Chairman Gareth Penny unveiled the Company’s updated strategy, aimed at turning NWR into Europe’s leading miner and marketer of coking coal.

Peter Carr appointed Head of Business Development at NWR (Open Mine 01/2013) NWR has announced the appointment of Dr. Peter Carr to the newly created position of Head of Business Development.

NWRs 2012 nine month results (Open Mine 04/2012) In November NWR announced its results for the first nine months of 2012. Trading conditions continued to be difficult in the third quarter, as demand for steel products has deteriorated, particularly in the car industry in Western Europe. This has forced some steel mills and foundries in our core markets to continue operating at reduced levels. However, against this backdrop we achieved results that were ahead of market expectations. A key operational highlight was our tight cost control during the period – a theme that will be of high priority for the company in 2013.

Industry is the driving force behind Central European economies (Open Mine 04/2012) According to Eurostat, the statistical office of the European Union (EU), industry accounts for 25% of employment in the EU. But in Central Europe the percentage of workers in industry is way above the EU average. In Slovakia and the Czech Republic industry accounts for 37.4% and 38.4% of the workforce respectively, while industry provides jobs for 30.6% of the Polish workforce and for 28.3% of German employment.

Mongolia the sleeping giant of coking coal supply (Open Mine 04/2012) Mongolia, sitting on vast resources of mineral wealth, is at last beginning to realise the potential that has been talked about for many years as more of its resources come to market. The country’s coal resources are considered some of the last untapped quality deposits anywhere in the world and their development could significantly impact international supply dynamics.

NWR H1 2012 results: excellent cost control underpins NWR’s performance (Open Mine 03/2012) In August NWR announced its results for the first six months of 2012 achieving a solid financial performance in the period marked by falling coking coal prices and slowing steel production. The highlights of NWR’s interim results were twofold: an improved external coal sales mix with a higher proportion of coking coal; and tight cost control on all levels.

Poland's hard coal industry (Open Mine 03/2012) Poland has a long and proud tradition of coal mining with the origins of its industrial development linked to its sizable reserves of hard coal. Mining was prioritised during the country’s communist period when miners were glorified as champions of a centrally planned industrial nation. Since coal mining was considered one of the country’s most important sectors during this period, the companies within the industry were heavily subsidised and coal prices were regulated to keep them affordable.

NWR first quarter results: on track to meet full year targets (Open Mine 02/2012) NWR’s first quarter 2012 results published in May were in line with our expectations and we are on track to meet our full year production and sales targets. Our injury frequency rate continued to improve during the quarter, decreasing by 4 per cent to 7.17, which is the best result in the Company’s history.

Australia’s coal Industry (Open Mine 02/2012) Australia is often referred to as the ‘lucky country’ due to its enviable climate and relaxed lifestyle. But the country can also count itself lucky to be sitting on top of vast quantities of highly sought after raw materials whilst being located close to some of the world’s fastest growing economies in Asia. The country extracts many minerals including copper, uranium, gold and rare earths but it is the steel making raw materials of iron ore and coal which account for its largest volume and value of commodity trade.

NWR in 2011: great performance in a challenging environment (Open Mine 01/2012) In February NWR published its preliminary results for the financial year 2011, which were broadly in line with market expectations.

The Chinese coal industry (Open Mine 01/2012) China’s relentless economic growth over the past 20 years and the dramatic impact this has had on almost every sphere of international trade and manufacturing has also been the driving force behind the changing dynamics of the international coal industry.

Does Europe need its own mineral resources policy? (Open Mine 01/2012) In November 2008, European Commission Vice-president Günter Verheugen presented “The Raw Materials Initiative” document, which stressed how imperative it is for European industry to have access to mineral resources.

NWR wins Best Corporate Website award (Open Mine 04/2011) In its communications with investors, the media, and the professional and lay publics, NWR emphasises openness, accessibility, and the timely distribution of information.

Solid nine months, but cautious outlook (Open Mine 04/2011) On November 16th, NWR Group announced its results for the nine months of 2011, which on the operational side were fully in line with market expectations.

OKD intends to explore the Frenštát pod Radhoštěm coal resource (Open Mine 04/2011) NWR’s wholly-owned Czech subsidiary, OKD a.s., has announced its intention to explore the coal and gas resource in the area of Frenštát pod Radhoštěm.

The Indian Coal Industry (Open Mine 04/2011) Often forgotten amongst the coal producing nations, India is the world’s third largest coal miner and the fourth largest in terms of reserves.

Schloemer: OKD employs experienced, qualified experts (Open Mine 03/2011) At the beginning of the year, OKD welcomed a team of international engineers with hard coal mining experience from around the world.

HY 2011 Results: strong set of numbers (Open Mine 03/2011) On Wednesday 24 August, NWR announced its results for the first half year of 2011. The Company delivered impressive growth with revenues up 17% and EBITDA up 48% year on year.

The “go-ahead” for Dębieńsko (Open Mine 03/2011) Run down, dilapidated administrative buildings, abandoned shafts and pithead buildings are to regain their former glory thanks to the decision by New World Resources to press ahead with the development of the new Dębieńsko mine in Czerwionka-Leszczyny, not far from the city of Rybnik in Southern Poland.

Proximity to hard coal – an advantage for the steel industry (Open Mine 03/2011) The metallurgical industry is shaking off the effects of the economic downturn.

The impact of the nuclear crisis on the coal industry (Open Mine 03/2011) The emergency at the Fukushima nuclear power plant, caused by the devastating tsunami, has had a number of implications for international energy and coal markets.

The German hard coal industry (Open Mine 03/2011)

Q1 2011 results: On track to deliver full year targets (Open Mine 02/2011) On May 18 2011, NWR announced its results for the first quarter of 2011. Strong growth in revenues and profits was driven by an improved economic environment in the CEE region as well as positive trends in global coal pricing.

Dynamics of international price negotiations (Open Mine 02/2011) Pomáhá dětem, kterým zemřel jeden z rodičů na následky pracovního úrazu, většinou v hornictví.

Vietnam – the world‘s largest anthracite exporter (Open Mine 02/2011) The global coal market changes and evolves: new players appear on the global stage, new partnerships emerge, market hubs shift to new locations, and the commodity flows alter.

2010 Highlights (Open Mine 01/2011) On 24 Feb 2011, NWR announced a strong set of results for the financial year 2010…

Continuous Improvement (Open Mine 01/2011) NWR’s Continuous Improvement programme enhanced safety and reduced costs in 2010 ...

Coal and coke on world markets (Open Mine 01/2011) There have been a number of significant developments unfolding within the international coal markets over the past few months which have put the commodity under the spotlight.

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