Finance
Last Czech deep coal mine closes as centuries-old industry reaches final day
Published by Global Banking & Finance Review®
Posted on January 16, 2026
4 min readLast updated: January 19, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 16, 2026
4 min readLast updated: January 19, 2026
The Czech Republic closes its last deep coal mine, ending over 250 years of mining. Economic and environmental factors drive this transition, impacting the region's future.
By Radovan Stoklasa and Jan Lopatka
STONAVA, Czech Republic, Jan 16 (Reuters) - The last Czech black coal shaft will shut at the end of January, closing the door on more than 250 years of deep mining and bringing to an end an industry that powered the rise of heavy industry in Central Europe.
The final tons are being hauled this month from kilometre‑deep shafts at the CSM mine in Stonava, near the Polish border, as low coal prices and Europe's industrial and environmental transition sap demand for what was once the region's most prized resource.
State‑owned OKD had been preparing to shut down three years ago, until Russia’s full‑scale invasion of Ukraine in 2022 sent energy markets surging and bought the mine a short‑lived extension.
For the last time miners rattle into the dark on the underground railway, headlamps flickering across steel supports as machines drill into the coal face.
"It is sad that the shaft is ending, it is hard work but good work," said Grzegorz Sobolewski, a Polish miner who is considering taking another job across the border in Poland, where shafts remain in operation.
"I will miss the work, I will miss the shearer," referring to the cutting machine that slices coal from the face as it moves along the seam. Behind him, another miner shouted instructions over the roar of machinery - a sound soon to disappear from the basin.
OKD director Roman Sikora said the mine’s depth had become its weakness.
"Global coal prices are low, while our mining costs are ever greater with the ever greater depths we go to," he said.
INDUSTRIAL HEARTLAND FACES POST-COAL FUTURE
Mining in the Ostrava region began in the late 18th century and turned a rural corner of the Habsburg empire into an industrial enclave.
Investors, including the Rothschild family, financed major industrial projects such as railways, steelworks and supporting infrastructure, helping draw tens of thousands of labourers into what became a powerhouse of heavy industry.
The industry got another boost after Communist nationalisation in 1948. In the 1980s, more than 100,000 miners worked the basin and OKD produced up to 25 million metric tons a year.
Much of that world collapsed after 1989 when communist‑era heavy industry unraveled, pits closed one by one and tens of thousands of miners lost their livelihoods.
When privatised OKD went bankrupt a decade ago, the state took it over to wind it down. By last October, OKD had mined just 1.1 million tons for the year and shrunk its workforce to 2,300, with another 1,550 to be let go in the coming months.
WORKFORCE RESHAPED BY DECADES OF MINE CLOSURES
Economist Jan Belardi of the Technical University of Ostrava said the 1990s and early 2000s were the hardest years, as the region grappled with mass redundancies and the slow arrival of new industries.
Today unemployment stands at 6.6% - still above the national average, but far from the levels of the post‑communist slump, bolstered by retraining schemes and foreign investors drawn to the area after the Czech Republic joined the EU in 2004.
"Being on the border with Poland and Slovakia, this region had a significant influx of foreign direct investment such as South Korea's Hyundai," he said.
Mining also leaves behind an environmental impact, including polluted lagoons or ground drops, and former mines' surface installations.
The region is getting 19 billion crowns ($907.96 million) from the EU's Just Transition fund for transformation of regions affected by the bloc's decarbonisation policies, Belardi said.
In Poland, black coal mining still employs 70,000, and unions have won pledges to keep mining until 2049. In western Czech Republic, surface mining of lignite is expected to continue for several more years.
OKD itself is trying to shape a future above ground. The company aims to stay active in coal trading and develop new ventures including a battery park, a data centre and a small methane‑fuelled power plant using gas seeping from the old shafts.
"We have quite grand plans with OKD in the future," Sikora said.
($1 = 20.9260 Czech crowns)
(Reporting by Radovan Stoklasa in Stonava and Jan Lopatka in Prague, Editing by Louise Heavens)
Coal mining is the process of extracting coal from the ground. It has historically been a significant source of energy and employment in many regions.
The economic impact of coal mining includes job creation, energy production, and contributions to local and national economies, although it can also lead to environmental degradation.
Sustainability in economic terms refers to practices that support long-term economic growth without negatively impacting social, environmental, and cultural aspects.
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