oversees NWR‘s two development projects in Southern Poland of Dębieńsko and Morcinek.
O
OECD: Organisation for Economic Co-operation and Development is an organisation that acts as a meeting ground for 30 countries which believe in the free market system and provides a forum for discussing issues and reaching agreements, some of which are legally binding.
OKD: the wholly owned mining subsidiary of NWR. OKD extracts coking and thermal coal in four active mines in the Upper Silesian Coal Basin. OKD is the only hard coal mining company in the Czech Republic.
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New World Resources and Accounts 2013 Annual Report Overview Corporate Governance Remuneration Report Additional InformationStrategic Report ARMC Report Financials
OKD Foundation: OKD Foundation was set up at the start of 2008 with a view to promoting and developing humanitarian values, the environment, education, sport and cultural activities, and the field of social and healthcare services. OKD Foundation was established by the NWR subsidiary OKD, which is also the Foundation’s biggest donor. OKD annually donates 1 per cent of its profit before tax to OKD Foundation.
OKK: a wholly owned coking subsidiary of NWR. Situated at the Svoboda coking plant site in Ostrava, produces both foundry and blast furnace coke from four batteries. OKK is the largest producer of foundry coke in Europe. (divested in 2013) Open-pit mining: mining in which the coal is extracted after removing the overlying strata or overburden.
P
PCI : full name Pulverised Coal Injection. PCI coking coal is injected into a blast furnace as a supplementary fuel to reduce the amount of coke consumed, having a knock-on effect on reducing operating costs in the production of pig iron, and ultimately crude steel.
Preparation plant: a plant used to make raw coal a product suitable for a particular use.
R
Reclamation: the restoration of land environmental value to a surface mine site after the coal is extracted. Reclamation operations usually get underway as soon as the coal has been removed from a mine site. The process includes restoring the land to its approximate original appearance by restoring topsoil and planting native grasses and ground covers. Redomiciliation/reincorporation: the process by which a company moves its domicile from one jurisdiction to another by changing the country under whose law it is registered or incorporated, whilst maintaining the same legal identity. Reserves: those parts of mineral
resources for which sufficient information is available to enable detailed or
conceptual mine planning and for which such planning has been undertaken. Reserves are classified as either proved or probable.
Resources: all of the potential minerals in a defined area based on points of observation and extrapolations from those points. Potential minerals are defined as minerals which have been or could be beneficiated to give a quality acceptable for commercial usage in the foreseeable future and excludes minor mineral occurrences.
RFID: full name Radio Frequency Identification. A data collection technology that uses electronic tags for storing data.
S
Seam: a geological structure containing a series of layers of coal, shale
and other mineral materials of varying thicknesses.
Shaft: a mine working (usually vertical) used to transport miners, supplies, ore and waste.
Sludge: high ash reject material from the fine coal washing circuits that can be recovered and re-processed to sell as additional coal blending it with other products.
St Barbara Civic Association: Saint Barbara Civic Association was founded 24 July 2004 for the purpose of helping children, whose at least one parent died as a result of an accident at work, mostly in the coalmine industry. The Association currently has 87 records in Czech, Polish and Slovak children, which contributes to the study, leisure activities and supports the care of their health. Steam coal: coal used for steam generation principally in thermal power plants.
Subfloor mining: Mining of raw materials from a level located underneath the fresh air intake floor. Subfloor mining may sometimes refer to any mining activities if the longwall panel is operated below the haulage floor.
T
Tectonic stress release: occurs as a result of energy releases in the mass of rock from the creation of empty underground spaces. The rock is stressed by the extraction of ore, pressure is created in it and energy is accumulated, which can be released in an instant by a rockfall. Bumps and slides occur mainly in saddle seams, where there is solid overlying rock.
Thermal coal: coal used in combustion processes by power producers and industrial users to produce steam for power and heat. Also called ‘steam coal’. Tonne: a metric tonne, a measure of mass equal to one thousand (1,000) kilogrammes or approximately two thousand, two hundred and five (2,205) pounds.
U
Underground mining: the extraction of coal or its products from layers of rock by underground mining methods such as room-and-pillar mining and longwall mining.
Upper Silesian Coal Basin: a coal basin in Silesia in Poland and the Czech Republic. The area contains a number of mineable resources including lead, silver and zinc; and resources of coal reach depths of 1000 metres below ground, approximately 70 billion tonnes of coal.
V
Voluntary employee turnover: is a calculation of the total number of employees who have left the company minus employees who have left due to dismissal, retirement, death in service or health reasons and it is expressed as a percentage of the average number of employees in the year.
GLOSSARY
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Disclaimer and Cautionary Note on Forward Looking Statements and Notes on Certain Other Matters
Certain statements in this document are not historical facts and are or are deemed to be ‘forward-looking’. The Company’s prospects, plans, financial position and business strategy, and statements pertaining to the capital resources, future expenditure for development projects and results of operations, may constitute forward-looking statements. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology including, but not limited to; ‘may’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘plan’, ‘foresee’, ‘will’, ‘could’, ‘may’, ‘might’, ‘believe’ or ‘continue’ or the negatives of these terms or variations of them or similar terminology. Although the Company has made every effort to assure the accuracy of the used information and believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. These forward-looking statements involve a number of factors, risks, uncertainties and other facts that may cause actual results to be materially different from those expressed or implied in these forward-looking statements because they relate to events and depend on circumstances that may or may not occur in the future and may be beyond NWR’s ability to control or predict. Forward-looking statements are not guarantees of future performances.
Factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected can be a result of or include, but are not limited to, the following: changes in political, economic and social conditions in the Czech Republic, Poland, the United Kingdom, the Netherlands and the Central and Eastern Europe region; future prices and demand for the Company’s products, and demand for the Company’s customers’ products; coal mine reserves; remaining life of the Company’s mines; coal production; trends in the coal industry and domestic and international coal market conditions; risks in coal mining operations; future expansion plans and capital expenditures; the Company’s relationship with, and conditions affecting, the Company’s customers; competition; railroad and other transportation performance and costs; availability of specialist and qualified workers; weather conditions or catastrophic damage; risks relating to Dutch, UK, Czech or Polish law, regulations and taxation, including laws, regulations, decrees and decisions governing the coal mining industry, the environment and currency and exchange controls relating to Czech and Polish entities and their official interpretation by governmental and other regulatory bodies and by the courts; developments in the financial markets; and risks relating to global economic conditions and the global economic environment. Additional risk factors are as described in this Annual Report.
Forward-looking statements are made only as of the date of this document. The Company expressly disclaims any obligation or undertaking to release, publicly or otherwise, any updates or revisions to any forward-looking statement contained in this report to reflect any change in its expectations or any change in events, conditions, assumptions or circumstances on which any such statement is based unless so required by applicable law.
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