It doesn't matter if you look at U.S.-only miners like Arch Coal (ACI) or James River (JRCC), international miners like Rio Tinto (RIO) and Peabody (BTU), or European miners like Mechel (MTL) and New World Resources (OTC:NWFFF) (NWR.L), there is a whole lot of pain in the sector as companies struggle with low prices and particularly in the met coal world.
The largest miner in the Czech Republic and one of the largest in Europe, New World is scrambling to cut costs and rationalize production in order to stem losses and cash burn in the midst of difficult pricing. I believe the...
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