New World Resources
Encyclopedia
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. ' onMouseout='HidePop("26949")' href="/topics/Ostrava">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.
(a coal mining business), OKK Koksovny
(a foundry coke producer) and NWR Karbonia (:pl:NWR Karbonia)(a Polish coal and coke business).
Central Europe
Central Europe or alternatively Middle Europe is a region of the European continent lying between the variously defined areas of Eastern and Western 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
OKD
OKD is a major mining company in the Czech Republic, the only producer of hard coal in the country with an annual production of around 11 million tonnes from 4 mines with 23 shafts extracting coal from depths ranging from 600 to 1,100 metres below the surface.).Its coal is mined in the Karviná...
, a.s. ' onMouseout='HidePop("26949")' href="/topics/Ostrava">Ostrava
Ostrava
Ostrava is the third largest city in the Czech Republic and the second largest urban agglomeration after Prague. Located close to the Polish border, it is also the administrative center of the Moravian-Silesian Region and of the Municipality with Extended Competence. Ostrava was candidate for the...
-Karviná
Karviná
Karviná is a city in Moravian-Silesian Region of the Czech Republic, on the Olza River. It is administrative center of Karviná District. Karviná lies in the historical region of Cieszyn Silesia and is one of the most important coal mining centers in the Czech Republic. Together with neighboring...
Mines), the largest hard coal mining company in the Czech Republic
Czech Republic
The Czech Republic is a landlocked country in Central Europe. The country is bordered by Poland to the northeast, Slovakia to the east, Austria to the south, and Germany to the west and northwest....
. NWR's coke subsidiary, OKK Koksovny
OKK Koksovny
OKK Koksovny, a.s. is the largest producer of foundry coke in Europe. The Company operates one plant in the City of Ostrava - called 'Svoboda' facility....
, 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
CEZ
CEZ stands for:* one of Falconbridge Ltd.'s refineries* a Czech news channel* IATA airport code for Cortez Municipal Airport* CEZ Group, a Czech energy company...
, Dalkia, Dunaferr, Moravia Steel, U. S. Steel Košice, s.r.o.
U. S. Steel Košice, s.r.o.
U. S. Steel Košice, s.r.o. is a steel company located in Košice, Slovakia.In November 2000, the ownership of the complete metallurgical operation of former Východoslovenské železiarne Košice was transferred to the United States Steel Corporation....
, Verbund
Verbund
Verbund AG, formerly known as Verbundgesellschaft or Österreichische Elektrizitätswirtschafts-AG, is Austria's largest electricity provider. Verbund covers around 40 percent of electricity demands in Austria and generates 90 percent thereof from Hydro power. In addition, Verbund operates the...
and Voestalpine
Voestalpine
Voestalpine AG is an international steel company based in Linz, Austria. The company is active in steel, automotive, railway systems, profilform and tool steel industries....
.
The Company currently mines in the Silesian
Czech Silesia
Czech Silesia is an unofficial name of one of the three Czech lands and a section of the Silesian historical region. It is located in the north-east of the Czech Republic, predominantly in the Moravian-Silesian Region, with a section in the northern Olomouc Region...
part of the Czech Republic in Karviná
Karviná
Karviná is a city in Moravian-Silesian Region of the Czech Republic, on the Olza River. It is administrative center of Karviná District. Karviná lies in the historical region of Cieszyn Silesia and is one of the most important coal mining centers in the Czech Republic. Together with neighboring...
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.
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 ExchangeLondon Stock ExchangeThe London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
('LSE'). The Company also joined the Prague Stock ExchangePrague Stock ExchangeThe Prague Stock Exchange or PSE is the Czech Republic's main securities market and currently the second biggest stock exchange in Central and Eastern Europe...
('PSE') on the same day and listed on the Warsaw Stock ExchangeWarsaw Stock ExchangeThe Warsaw Stock Exchange , , is a stock exchange located in Warsaw, Poland. It has a capitalization of € 220 bln .The WSE is a member of the World Federation of Exchanges and the Federation of European Securities Exchanges.-History:...
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 StonavaStonavaStonava is a village in Karviná District, Moravian-Silesian Region, Czech Republic, on the Stonávka River. It has a population of 1,855 , 25.8% of the population are the Poles. It lies in the historical region of Cieszyn Silesia....
).
- 1946 - Government of the former Czechoslovakia nationalized the hard coal mining industry.
- 1782 - Regular mining activities in SilesiaCzech SilesiaCzech Silesia is an unofficial name of one of the three Czech lands and a section of the Silesian historical region. It is located in the north-east of the Czech Republic, predominantly in the Moravian-Silesian Region, with a section in the northern Olomouc Region...
, 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 RothschildSalomon Mayer von RothschildSalomon Mayer von Rothschild was a German-born banker in the Austrian Empire and the founder of the Viennese branch of the prominent Mayer Amschel Rothschild family....
.
Operations
The company's main operations comprise OKDOKD
OKD is a major mining company in the Czech Republic, the only producer of hard coal in the country with an annual production of around 11 million tonnes from 4 mines with 23 shafts extracting coal from depths ranging from 600 to 1,100 metres below the surface.).Its coal is mined in the Karviná...
(a coal mining business), OKK Koksovny
OKK Koksovny
OKK Koksovny, a.s. is the largest producer of foundry coke in Europe. The Company operates one plant in the City of Ostrava - called 'Svoboda' facility....
(a foundry coke producer) and NWR Karbonia (:pl:NWR Karbonia)(a Polish coal and coke business).