New World Resources on track after decent second quarter

Hard coal and coke producer New World Resources has said remains on track to hit its full-year production and sales targets after production increased in the second quarter.

Hard coal and coke producer New World Resources has said remains on track to hit its full-year production and sales targets after production increased in the second quarter.

The firm produced 3,390kt of coking coal and thermal coal in the second quarter, up from 2,389kt in the first three months of the year. Meanwhile, coke production was steady at 174kt. While sales volumes were broadly higher, average realised prices slipped quarter-on-quarter.

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