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NWR reaches agreement with government on Paskov mine

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New World Resources Plc, the largest Czech producer of coal for steelmakers, agreed to keep its unprofitable Paskov mine open until end-2017 after the government pledged to provide financial aid for the miners. The government will provide CZK 600 million to cover the social costs after the mine shuts down, Industry and Trade Minister Jan Mládek said yesterday at a press conference in Prague.

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