PRAGUE, May 2 (Reuters) – New World Resources’ (NWR)
loss-making coal mining division OKD will
have to file for insolvency unless the government can agree a
deal with its owners to take the company over at a lower price,
Czech Industry Minister Jan Mladek said on Monday.
NWR has already said the coal mining group will run out of
money by the middle of May and will need to file for insolvency
before that unless the government and creditors agree a deal
soon. The coal miner, which employs around 13,000 people, ha…
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