New World Resources Extends Decline After Fatality at Czech Mine

New World Resources Plc (NWR) extended its drop after the biggest Czech coking-coal producer said today one employee was killed in an underground incident at its CSM mine.

The stock slumped 3.7 percent to 103 koruna by 2:18 p.m. in Prague, the seventh day of declines and its lowest price since July 2009. The drop made NWR the worst performer in the PX index of 14 companies, which advanced 0.2 percent.

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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