Coal Glut May Claim Yet Another Victim in Czech Miner NWR

Updated on
  • NWR's OKD unit may run out of cash in next two weeks
  • European coal prices have slumped 65% since March 2011

The plunge in coal markets from Australia to the Netherlands that has put U.S. producers out of business will probably soon claim another victim: Czech miner New World Resources Plc.

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