New World Resources Applies for Mining License in Poland
Czech coal producer New World Resources N.V has announced that it has filed an application for a mining license in the Debiensko 1 area of southern Poland with the Polish Ministry of Environment. The application was made by NWR's wholly-owned Polish subsidiary, Karbonia PL Sp. z.o.o. NWR’s growth strategy includes actively pursuing opportunities in Poland and the wider Central European region to expand its reserve base and long-term production capabilities. With indicated resources in excess of 100 million metric tons (mt) of coal located in southern Poland near to NWR’s existing operations in the Czech Republic, Debiensko 1 also represents a key opportunity for NWR to leverage economies of scale from integration with its existing operations over time.
The license application follows extensive preparation of the mining plan as well as discussions with the relevant constituencies including mining authorities and local municipalities. NWR’s mining concept, which is fully consistent with the local zoning plans, was accepted by the Polish Ministry of Environment in September 2007 and the relevant regional authority, the office of the Katowice governor, approved the Environmental Impact Assessment earlier this year.
"The Debiensko 1 license application follows our signing last October of a Letter of Intent with Jastrzebska Spółka Weglowa S.A., Poland’s largest coking coal mining company, to cooperate on the potential development of mining operations in the Morcinek coal field in southern Poland," said Mike Salamon, chairman, NWR. NWR’s mining consultant for the Debiensko 1 project is John T. Boyd, which is exploring various shaft sinking and engineering approaches from around the world that could help to minimize the development time necessary to commence mining at Debiensko 1.