European Commission authorises State Aid for Spanish Coal
The European Commission has decided today not to raise any objections to the plan for accessing coal reserves for 2008–2010 nor to the annual State Aid for the corresponding coal production. The overall support granted by Spain as current production aid amounts to € 1.247bn.
On the basis of the information provided by the Spanish authorities, the Commission has established that the aid to the coal sector only covered the difference between the production costs and revenues of the mining units. In addition, Spain continues to reduce the mining capacity of its coal industry and the relevant State subsidies.
The Commission has come to the conclusion that the proposed aid measures respect the provisions of the Council Regulation on State aid to the coal industry* and are therefore compatible with the proper functioning of the common market.
Source: IP/09/1125, 14.7.2009
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NWR Open Mine Magazine No. 4/2011
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Announcement of suspected fraud
OKD, a.s., has been currently exposed to fraudulent activity by unknown individuals in Germany.
Full version of the document in English and German is here.
BUSINESS INTEGRITY POLICY
This policy was adopted by the Board of Directors of New World Resources Plc on 15 November 2011 and shall have immediate effect.
Full version of the document is here.
NWR Open Mine Magazine No. 3/2011
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NWR Open Mine Magazine No. 2/2011
The Company Magazine...here
NWR Open Mine Magazine No. 1/2011
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Company code of ethics
The Board of Directors of OKD has adopted a Company code of ethics that is obligatory for all the employees of the firm. It defines basic values and attitudes to enterprise that OKD conforms to in the course of its business activities.
The code of ethics is not any binding rule of law or internal directive, it represents, however, a moral obligation for each employee of OKD.