NWR to sell OKK coking plant by January

10-10-2013

The coal and coke producer New World Resources (NWR) is planning to sell off the OKK coking plant in the Ostrava region by the end of the year. Although the final decision on the sale is yet to be approved by its shareholders, the company says it believes the move will be met with approval since it will help NWR consolidate its operation and focus more on mining. NWR recently came under a lot of criticism after its subsidiary company OKD announced the decision to shut down the Paskov coal mine by the end of next year.