POP 2010
The present: here and in the world
In view of the growing extensive demand for energy and problems with oil and natural gas supplies, coal is at the beginning of a new boom on a worldwide scale. Not even the development as nuclear energy and other means of power acquisition have been able to edge it out of the position of the key raw material for electricity production in recent decades. The necessity of replacing the other fossil fuels as well as new technologies for coal processing cause growth of demand for coal and better economic results of mining companies.
This global development is therefore mirrored in the situation of this sector in the Czech Republic.
The key role of coal in the global economy is based primarily on its reserves. The worldwide reserves of coal exploitable by current technologies are estimated to be approximately 1 trillion tons (however, different sources give different estimates). Around half of this reserve is formed by hard coal. Retaining the current level of power consumption, these reserves would last for 300 years (according to other figures for as long as 600 years).
The coal reserves are estimated to last for at least 200 to 300 years, while in the case of oil it is mere 40 to 50 years, and in the case of uranium it is roughly a century. more »
The Company Magazine...here
Announcement of suspected fraud
OKD, a.s., has been currently exposed to fraudulent activity by unknown individuals in Germany.
Full version of the document in English and German is here.
BUSINESS INTEGRITY POLICY
This policy was adopted by the Board of Directors of New World Resources Plc on 15 November 2011 and shall have immediate effect.
Full version of the document is here.
NWR Open Mine Magazine No. 3/2011
The Company Magazine...here
NWR Open Mine Magazine No. 2/2011
The Company Magazine...here
NWR Open Mine Magazine No. 1/2011
The Company Magazine... more
Company code of ethics
The Board of Directors of OKD has adopted a Company code of ethics that is obligatory for all the employees of the firm. It defines basic values and attitudes to enterprise that OKD conforms to in the course of its business activities.
The code of ethics is not any binding rule of law or internal directive, it represents, however, a moral obligation for each employee of OKD.
