New World Resources Sales Slip, Production Stable

Platts reported that New World Resources’ coal production remained stable this year, but that sales dropped by 10 percent, compared to last year.

As quoted in the market report:

Trading conditions remained challenging in the third quarter. In an environment where coking coal prices are 30% down year-on-year, our focus will remain on cost containment and watchful management of capital spending in order to ensure we are well positioned for the future,” NWR executive director and CFO Marek Jelinek said in the results.

To view the whole Platts report, click here.