NWR Swings to First-Quarter Profit on Coal Demand

Industrial Metals

Bloomberg reported that coking coal supplier New World Resources Plc (LON:NWR) posted profits on increased demand and higher prices.

The market news is quoted as saying:

The company’s full-year production and sales targets remain unchanged as the miner expects to ramp up output of coking coal toward the end of the year, it said.

To read the full market news, click here.

coal investing lon:nwr

The Conversation (2)

kelvin bamfield

30 Sep, 2013

if your not producing or near producing LREE then forget it as the market is full already if your exploring, producing or near producing HREE's then it has a better chance of success, raising money, producing.