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OKD to Close All Coal Mines in Czech Republic by 2022

Coal News - Published on Tue, 28 Jul 2020

Image Source: OKD Coal Czech Republic
New Europe Online reported that the latest proposal from the Board of Directors of the state-owned company OKD, which suffered a heavy hit by the COVID-19 outbreak, recommends a definitive shutdown of all its mines as early as 2021 or 2022. OKD is the only producer of hard coal, and its five mines provide employment for 8,400 people, 2 000 of whom are foreigners, particularly from Poland. Since 2018, the only shareholder of OKD has been the state-owned company Prisko, which is directly controlled by the government.

OKD’s failure to respond to a COVID-19 outbreak among its miners, but also the rapidly changing policy and economic environment around coal as lower demand saw coal prices plunge by 30 percent in the Czech Republic during the pandemic, as part of the reasons for the plans to close the coal mines.

At the beginning of July, OKD gradually began to stop mining in its hard coal mines in the Karvina region and began work on securing workplaces for a long-term shutdown, the Centre For Transport And Energy said. The company’s spokeswoman said that the mining is going to be interrupted for six weeks due to extensive testing at the CSM-Sever and CSM-Jih mines which showed that more than 20% of miners were positive for COVID-19, the Prague-based centre said, adding that the company had previously interrupted mining in the Darkov Mine, where the outbreak originally started.

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Posted By : Yogender Pancholi on Tue, 28 Jul 2020
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