New World Resources Maintains 2015 Production Target

Czech miner New World Resources is maintaining its 2015 coal production targets, incoming Chief Financial Officer Boudewijn Wentink said on Monday.

"There is no indication (of a need) to reverse production targets," Wentink told reporters.

NWR expects production to drop to 7.5-8.0 million tonnes from last year's 8.6 million. It usually mined more in the second half of the year, Wentink said.

Wentink said NWR still did not have a definite solution to its Paskov mine in the north-east of the country, which is slated for closure after 2017. The company has 54 million tonnes of proven reserves in the Czech Republic.

(Reporting by Robert Muller)