NWR - New world resources got approval from Polish officials

New world resources - mining allowed

Zdenek Bakala, major shareholder of company New world resources, newest IPO at Prague Stock Exchange and FTSE, has many reasons for being happy.

Polish officials allowed reopening of mining site Debiensko which represents biggest source of coal for New World Resources.

Karbonia, which is polish subsidiary of New World Resources can dig more than 700 metres into depth. New World Resources plan to invest more than 800 million Euro to Debiensko and employ more than 3000 people.

This news is another positive message from New World Resources to its shareholders and can help to long term stabilization and increase of share of New World Resource.