New World Resources Signs Agreement to Jointly Develop Polish Coal Deposits
New World Resources B.V. (NWR), the sole owner of OKD a.s., the Czech Republic’s largest hard coal mining company, and Jastrzębska Spółka Węglowa S.A. (JSW), Poland’s largest coking coal mining company, recently announced that they have signed a Letter of Intent to cooperate on the potential development of mining operations in the Morcinek coal field in the southern part of the Upper Silesian coal basin in southern Poland near the Czech-Polish border. Located in proximity to OKD’s ČSM mine, NWR and JSW plan initially to access the Morcinek coal deposits from the Czech Republic using NWR’s existing mine and surface facilities. There is also the potential to develop new mining facilities in the Morcinek region on the Polish side of the border.