Czech Republic Closes Last Deep Coal Mine, Ending 250-Year Industry
The Czech Republic is set to close its last deep coal mine in Stonava at the end of January, marking the end of over 250 years of deep mining due to low coal prices and rising operational costs. The state-owned OKD mine, which has seen its workforce shrink to 2,300, plans to transition to coal trading and develop new projects, supported by the EU's Just Transition fund, which will provide 19 billion crowns for regional transformation.
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The last Czech black coal mine in Stonava will close at the end of January, ending over 250 years of deep mining. The state-owned OKD mine faced low coal prices and increasing operational costs. Following the collapse of the coal industry post-1989, OKD’s workforce has dwindled to 2,300, with plans to reduce it further.
The EU's Just Transition fund will provide 19 billion crowns for regional transformation. OKD aims to pivot to coal trading and new projects like a battery park and a data center.
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