New World Resources


New World Resources
New World Resources plc
Type Public (LSENWR)
Industry Mining
Headquarters Amsterdam, The Netherlands
Key people Mike Salamon
Executive Chairman
Revenue 1,590.0 million (2010)[1]
Operating income 294.5 million (2010)[1]
Net income 233.3 million (2010)[1]
Employees 18,553 inc. contractors (2010)[1]
Website www.newworldresources.eu

New World Resources Plc ('NWR') is Central Europe's leading hard coal and coke producer. The Company produces quality coking and thermal coal for the steel and energy sectors in Central Europe through its subsidiary OKD, a.s. (Czech: Ostravsko-karvinské doly; Ostrava-Karviná Mines), the largest hard coal mining company in the Czech Republic. NWR's coke subsidiary, OKK Koksovny, a.s. is Europe's largest producer of foundry coke.

NWR has 396 million tonnes of Joint Ore Reserve reserves. Strategically located within the region, NWR supplies to a blue chip customer base in the region, major customers include ArcelorMittal, ČEZ, Dalkia, Dunaferr, Moravia Steel, U. S. Steel Košice, s.r.o., Verbund and Voestalpine.

The Company currently mines in the Silesian part of the Czech Republic in Karviná basin and has two development projects in Poland.

NWR NV listed on all three mentioned stock exchanges in 2008, the largest Initial Public Offering on the LSE that year as well as the only listing on the PSE.

Headquartered in the Netherlands, NWR employs over 18,553 people.

Contents

History

  • In April 2011, the Boards of Directors of NWR and New World Resources N.V. ('NWR NV') announced a recommended share offer for all of the A shares in the capital of NWR NV. On 5 May 2011, valid acceptances had been received to the amount of 97% A shares of NWR NV, and NWR joined the Official List of the London Stock Exchange ('LSE'). The Company also joined the Prague Stock Exchange ('PSE') on the same day and listed on the Warsaw Stock Exchange a few days later, on 9 May 2011. NWR also acquired 100% of B shares of NWR NV.
  • 2011 - New World Resources Plc was incorporated in the United Kingdom and became, as a result of a share-for-share offer, a parent company of New World Resources N.V. In May, A shares of New World Resources Plc commenced dealing on the London, Warsaw and Prague Stock Exchanges.
  • 2008 - New World Resources B.V. was converted to New World Resources N.V. and listed on the London, Warsaw and Prague Stock Exchanges.
  • 2005 - New World Resources B.V. was incorporated as a Dutch private limited liability company to serve as the holding company for the coal mining operations and the coking business of the Company and certain related businesses.
  • 2005 - Majority shareholders buy out minority shareholders, consolidating their shareholdings in the former OKD, CMD and Metalimex.
  • 2004 - Karbon Invest purchased 46% of the shares of the former OKD from the National Property Fund of the Czech Republic. Shortly thereafter, Karbon Invest was acquired by RPG Group.
  • 1998 - 2004 - Karbon Invest acquired controlling stakes in CMD and the former OKD from minority shareholders. A majority stake in Metalimex, a commodities trader, was acquired by CMD and K.O.P., a.s. In 1998, the former OKD purchased all of the outstanding shares of K.O.P., a.s., a majority shareholder of Metalimex.
  • 1994 - 1997 - 40% of the former OKD shares and 45% of CMD shares respectively were privatised through a voucher privatisation programme and purchased by individuals and investment funds.
  • Early 1990’s - In the early 1990s, state enterprises engaged in coal mining were converted into two joint‑stock companies (akciová společnost), the former OKD and CMD, to prepare them for privatization. The former OKD comprised most of the mining industry located in the Ostrava‑Karviná region, while CMD operated hard-coal mines in the Kladno region and Ostrava‑Karviná region (CSM in Stonava).
  • 1946 - Government of the former Czechoslovakia nationalized the hard coal mining industry.
  • 1782 - Regular mining activities in Silesia, northeast region of the Czech Crown lands, commence. Prior to 1946, the hard‑coal mining business in the Ostrava‑Karviná region was under the control of several companies. One of the most famous owners was the family of Salomon Mayer von Rothschild.

Operations

The company's main operations comprise OKD (a coal mining business), OKK Koksovny (a foundry coke producer) and NWR Karbonia (pl:NWR Karbonia)(a Polish coal and coke business).

References

External links


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