New World Resources NV announced coking coal and coke price increases of 87% and 71% respectively over 2009. According to Steel Orbis, NWR entered into agreements to sell 5.5 million metric tons (mt) of its coking coal to external customers between April 2010 and March 2011. The prices for approximately 80% of these sales have been agreed for the Japanese fiscal year 2010 period, at the average level of approximately €163/mt, representing a 58% increase over the first quarter 2010 prices of €103/mt and 87% higher than the average 2009 prices. As market conditions have improved and as customer demand has become stronger, in 2010 NWR has decided to increase its coal production to 11.5 million mt from the 11 million it previously announced.

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