New World Resources Looking for Partner for Polish Mine

Bloomberg reported that coal producer New World Resources is looking for a partner to help develop the Debiensko mine located in Poland.

As quoted in the market report:

Developing Debiensko is part of a plan for NWR to become Europe’s leading coking coal supplier in the next decade, said Penny, the former chief executive officer of De Beers, the biggest diamond producer. The company is cutting output of thermal coal to focus on more profitable coking coal that’s supplied to steel producers such as ArcelorMittal and carmakers including Volkswagen AG.

To view the whole Bloomberg report, click here.