Reuters citing Mr Marek Jelinek Czech miner's chief financial officer said New World Resources believes it can get a majority of shares in its bid for Poland's coal mines Bogdanka.

Mr Jelinek also said the group's earnings missed estimates after some customers shifted sales into the fourth quarter.

Mr Jelinek commenting on prices in 2011 said there was room for single-digit growth in thermal coal prices. He added it was difficult to comment on coking coal prices, although he saw market demand that was indicating upside on prices.

(Sourced from Reuters)