Yep, this post of mine was the latest info from Macquarie.
The hard coking coal price was $159 per tonne in 2013 when we acquired Nowa Ruda.
The hard coking coal price will have returned back to this price by 2018.
Macquarie are suggesting a $2 per tonne increase this year over last year
Post #:14552215
Looks like NWR has secured a 9% price rise for it's European coking coal product and a price decrease for it's thermal coal.
NWR is a large Czech based coal company that sells in to Central/Eastern Europe.
NWR agrees to 9 percent hike in coking coal price
Coal miner New World Resources (NWR) has negotiated a 9 percent rise in the price of coking coal for 2015, the average price for 74 percent of its 2015 expected coking coal output reaching €93 (2,581 Kč) per ton under the contract, the company said in a press release.
In the fourth quarter of 2014, the price of a ton of coking coal agreed on between NWR and its customers was €85 (2,358 Kč).
The average price for NWR's whole thermal coal production expected for 2015 has been negotiated at €52 (1,443 Kč) per ton. The price was €54 (1,498 Kč) per ton in the last quarter of 2014.
NWR, the owner of black coal mine OKD, went through capital restructuring last year in an attempt to soften impacts of sharply falling coal prices in recent years.
The goal of the restructuring plan was to avert NWR's insolvency. The plan included reduction of bond value and a significant dilution of shareholder stakes.
NWR cut its losses to €128 million (3.5 billion Kč) in the first three quarters of last year year from €528 million (14.6 billion Kč) a year ago. Its sales dropped 21 percent to €504 million (13.9 billion Kč) in January–September 2014.
