Czech owned New World Resources has plans for Poland

This will be the first private coal mining project at such scale in Poland," said Bakala, deputy president of NWR. According to the estimates of the firm, extraction will reach 4 million tonnes annually and funds will be obtained from the bourse. The firm has already announced its upcoming debut on the Warsaw bourse on May 14 and on floors in London and Prague a few days earlier. It is not yet known how much money will be designated to the Morcinek mine, as works at this project are in the initial phase. Bakala announced, however, that within two years NWR will invest "a few hundred million Euro" in equipping the mines with new technologies. NWR is also considering further investments and acquisitions, but so far it has not provided any details, despite a willingness to participate in the privatization of the sector in Poland and Ukraine.