News
4/11/2016

Uncontrolled OKD’s bankruptcy is a ticking time bomb

Uncontrolled bankruptcy is the worst possible solution for the current situation at OKD.  Aside from the economic and social impacts it could also lead to an ecological catastrophe in the Moravia-Silesia region…

3/24/2016
MINING AT 9. KVĚTEN SITE IN STONAVA COMES TO AN END AFTER 56 YEARS

MINING AT 9. KVĚTEN SITE IN STONAVA COMES TO AN END AFTER 56 YEARS

The end of mining activities at this specific site is planned for March 31, 2016. The subsequent closing of the main workings including the surface facilities in the safety zone should be carried out in 2017…

3/10/2016
Majority Shareholder Exit Completed

Majority Shareholder Exit Completed

New World Resources Plc (‘NWR Plc’ and together with its subsidiaries, the ‘NWR Group’) today announces that CERCL Mining Holdings B.V. and its affiliates have transferred all of their shares in NWR Plc to NWR Plc for zero consideration

2/25/2016
New owner of NWR/OKD is AHG

New owner of NWR/OKD is AHG

The Ad Hoc Group (AHG), which groups together three British investment companies - Ashmore Investment Management Limited, Gramercy Funds Management LLC and M&G Investment Management Limited, has become a new owner of NWR and OKD.AHG currently has 60% of voting rights…

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