Czech Coal Miner NWR Seeks Government Meeting to Avoid Collapse

  • Bankruptcy would lead to 13,000 miners losing their jobs
  • Restructuring agreement needed by Wednesday to avoid default

The Czech government said the owners of troubled coal miner New World Resources Plc were using the prospect of an expensive bankruptcy to blackmail it on the eve of a crucial meeting in which the two sides will seek a way to avert the company’s collapse.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.