Miner NWR posts biggest quarterly loss since listing

PRAGUE (Reuters) – Czech miner New World Resources reported its biggest quarterly loss since its 2008 stock market debut on Thursday, as the weak global economy reduced steelmakers’ demand for its coal. New World Resources (NWR), which supplies the central European units of steelmakers ArcelorMittal and Evraz , said on Thursday trading was likely to stay tough in the first half of this year, but could improve thereafter. “We are going to have a difficult first half, there is no doubt about that,” Executive Chairman Gareth Penny told Reuters. …

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