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NWR says Q4 coking coal price up 4 pct from Q3

Reuters - UK Focus

PRAGUE, Oct 30 (Reuters) - Czech coal miner NWR said on Thursday its average agreed price for coking coal deliveries in the fourth quarter of 2014 rose 4 percent from the previous three months to 85 per tonne.

NWR completed a capital restructuring last month, including dilution of shareholders through a new s equity issuance and a haircut on bondholders following a drop in coal prices in the past years.

Analysts have said the company's future depended on a lasting recovery in the coal price. (Reporting by Jan Lopatka)