Central Europe-based miner New World Resources Plc (NWR) has announced that it has reached agreements with its customers for
coking coal sales for the first quarter of 2014.
Accordingly, NWR has set the average agreed price of
coking coal for delivery in the first quarter of this year at €91/mt, down seven percent compared to the fourth quarter realized price.
NWR also announced its
production and sales results for 2013. In the given period, the company produced 8.8 million mt of coking and thermal coal, while the
coking coal sales reached 4.63 million mt.
The company targets 9-9.5 million mt of coal
production and sales for 2014, with 55-60 percent of
coking coal and 45-40 percent of thermal coal in the sales mix.