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OKD proceeds with the expansion of the Karviná Mine’s coal mining activities in new areas. Already bought-out real estates and demolition projects in Staré Město will be carried through with the intention to continue in the buy-out process next year

OKD proceeds with the expansion of the Karviná Mine’s coal mining activities in new areas. Already bought-out real estates and demolition projects in Staré Město will be carried through with the intention to continue in the buy-out process next year

Ostrava - (9 August 2013) – OKD continues its preparation process to expand the coal mining activities at the ČSA site of the Karviná Mine in new areas thus extending the mine’s lifetime until 2035. In view of the extraordinary saving cuts, the company intends to carry through the already contracted buy-outs this year and execute the necessary demolition work. OKD wants to continue buying out further real estates from next year on. The OKD management states it is a strategic project ensuring the future of OKD as well as employment opportunities for the region in the upcoming years.

 

“We are facing the worst crisis in several decades and the current massive saving cuts have, of course, impacted both the time schedule of and efforts focused on the buy-out process. It is a priority for us to resolve all the necessary issues related to the recent buy-outs in Karviná-Staré Město as soon as possible. We are talking especially about demolishing the already bought-out houses. We are also settling the outstanding payments to the owners of the bought-out real estates. At the same time we are holding meetings with municipalities regarding the continuation of the buy-out process in 2014,” says Ján Fabián, Chief Executive Officer of OKD.

 

It is assumed that the Karviná Mine should start mining first coal in the new areas in 2016. OKD is currently preparing a comprehensive documentation assessing the impacts of coal mining on the environment (the so-called EIA report) that should be completed by the end of the year. This documentation, together with other legal requirements, is a pre-requisite to start any mining activity as the company has to include therein the solution to comments presented by the government and local authorities, civic associations and individuals.

 

“The current crisis on global markets has an impact on all local industries threatening the entire region. In such a situation, new development projects are of a major importance as they may offer jobs to thousands of people. OKD is well aware of that and considers the buy-outs in Staré Město to be one of the company’s capital expenditure priorities for the upcoming year. We are also developing a detailed schedule to resolve conflicts of interest in the areas impacted by coal mining in the years to come,” adds Fabián.

 

OKD is currently elaborating a detailed schedule that will specify the terms to negotiate with real estate owners in all areas that will be affected by the assumed expansion of coal mining at Karviná Mine in the upcoming years.

 

Marek Síbrt

PR Advisor and Project Manager, OKD, a.s.

 

Mobile:            725 500 509
E-mail:            marek.sibrt@okd.cz                

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