Vladimír Urbánek (Kurzy.cz)
Czech markets  |  February 25, 2013 14:31:19

NWR is looking for possible acquisitions, feel free to the USA, the Board will be female


NWR, which last week disappointed the market presented results for 4Q12, according to Chairman Gereth Penny has been looking for expansion possibilities, which was not regionally limited. According to Penny is quite possible that the company will look for opportunities overseas.

Penny previously directed the world's largest producer De Beers and the head of NWR is from October of last year.

According to Penny will closely NWR acquisition efforts aimed at producers like coking coal, which will then be offered to customers in the surrounding region. NWR wants to become a leading European producer of miners and coking coal. Company together with the results of last week announced a strategic long-term plan that counts until the year 2017, doubling sales steelmaking coal towards 10 million tonnes per year.Plan related to growth prospects in coking coal prices. Penny for this year is estimated to grow by about 20%.

Penny also suggested that his company will be added to the European initiative for equal opportunities in management companies and therefore, in the course of this year, would like to see on the board of at least one woman.

Related news:
NWR: Weak 4Q, a significant reduction in investment
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