NWR Announces Investment Program
New World Resources N.V. (NWR) has
announced plans for a major capital
investment program of approximately
€300 million at its wholly-owned subsidiary
OKD a.s., the Czech Republic’s
largest hard coal mining company. The
capital investment program involves the
acquisition of 10 new longwall mining
systems and 12 new sets of gateroad
development equipment for OKD’s mining
operations and is expected to be purchased
and rolled out in phases over the
coming 24 months. A Letter of Intent to
purchase the equipment has been signed
with Bucyrus International. The new
equipment purchased as part of the capital
investment program is expected to
increase operating efficiency and to
enhance productivity and safety.
As featured in Womp 07 Vol 9 - www.womp-int.com