03
Dec
15:09
OKD plans to shut Ostrava mine
OKD plans to cease output at its Lazy mine, part of the OKD1 mining system, by end-October 2019 amid lack of investment to access further reserves.
“In order to start further mining of Ostrava's seams, to make new coal reserves available, we would have to deepen the existing pit No. 2 by almost 500 meters,” the Czech miner’s chief executive, Boleslav Kowalczyk, says in a note seen by Kallanish. “This work would then require several bi…
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Anonymous
Very good overview of the weekly steel market.
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