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RR1:AU
Rights Issue and Shortfall
NWR Sees Volatile Coal Market, Posts 30% Drop in Net Income
Nov. 16, 2011 11:34AM PST
Industrial MetalsBloomberg reported on New World Resources Plc’s (LSE:NWR) outlook for the coal market.
Bloomberg reported on New World Resources Plc’s (LSE:NWR) outlook for the coal market.
As quoted in the market news:
While the outlook for coking-coal prices is “difficult to predict,” there’s still potential to negotiate higher prices for thermal coal, used in power stations, Chief Financial Officer Marek Jelinek said today by telephone.
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