Factory conditions in China unexpectedly worsen for the 14th straight month raising fears that the rally on commodity markets in 2016 was losing steam.
NWR’s division, the Czech Republic-based coal company OKD, tried for months to work out a rescue plan for the company, which included a total restructuring or a takeover.
The company's shares have almost tripled this year, making it the best-performing global miner amid the rebound in commodity prices and a projected fivefold improvement in earnings.