NWR units in default, Czech government yet to back deal

摘要

Czech-focused miner New WorldResources said Monday subsidiaries hadfallen into default as it continued negotiationswith stakeholders, including the Czechgovernment, about a financial restructuringand injection of capital.A non-binding agreement with the Czechgovernment has not been secured, which wasrequired under a deal with creditors, a companystatement said.