In the course of the two-hundred-year mining history in the Ostrava region there were many takeovers and mergers of smaller mining companies by larger ones, sometimes friendly, sometimes less so, thus creating entities which had a better chance of facing competition and better position in the market. Prior to the Second World War there were only four mining companies active:
The first external intervention into this industry was the Second World War, when mining and activities related thereto were entirely subordinated to the German war economy. After the war national administration was implemented. Shortly thereafter all mines and certain other industrial concerns in the whole republic were nationalized by the president’s decree no. 100/45. On its basis, a state-owned concern of Ostravsko-karvinské kamenouhelné doly was established on March 7, 1946 with the retroactive effect from January 1, 1946. It comprised also coking plants, washing plants, power plants, farms and forests.
Another change took place in 1953 when the concern was dissolved retroactively by December 31, 1951 and an OKD combine was established which functioned as central administration. It managed the activity of the newly created concerns called trusts from 1955.
However, not even this structure lasted long. It was ceased to exist in 1957 and the following year the so-called productive-economic units (VHJ) were created. The OKD Combine was replaced with the OKD Association. The hitherto independent coking plants became works of this new concern.
Another reorganization took place on July 1, 1965. Together with the broadening of competences the name was changed to Ostravsko-karvinské doly (The Ostrava-Karviná Mines). This trust of undertakings was headed by a trade directorate to which all economic organizations of the former OKD association were subordinated. And in 1977 a state economic organization of OKD, a concern based in Ostrava, was established. This was dissolved on December 31, 1988 to be replaced on January 1 of the following year by the state-owned enterprise of OKD.
The state-driven phase of OKD development was concluded on January 1, 1991 by the minister of economics when he dissolved the previous enterprise and established a joint-stock company of OKD.
OKD, a.s., has been currently exposed to fraudulent activity by unknown individuals in Germany.
Full version of the document in English and German is here.
This policy was adopted by the Board of Directors of New World Resources Plc on 15 November 2011 and shall have immediate effect.
Full version of the document is here.
The Board of Directors of OKD has adopted a Company code of ethics that is obligatory for all the employees of the firm. It defines basic values and attitudes to enterprise that OKD conforms to in the course of its business activities.
The code of ethics is not any binding rule of law or internal directive, it represents, however, a moral obligation for each employee of OKD.