Article

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.