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Record Investments of OKD Will Increase the Productivity and Safety Deep under the Surface

Record Investments of OKD Will Increase the Productivity and Safety Deep under the Surface

12/4/2007

OSTRAVA, December 4, 2007 -  The planned investments of the company OKD in mining technologies of approx. EUR 300 mil. (more than CZK  8 mld.) will result, in addition to the higher  productivity, also to the improved safety for miners working deep under the ground surface. New technologies will also enable to exploit up to now hardly ever accessible coal stocks.  ”The mining has been gradually moved in bigger depths where the pressure of surrounding rocks has been increasing. When mining the coal there, supports of high load bearing capacity should be used,“ explained  the Technical Director of OKD, Mr.Jan Matula.   The  OKD  technologies modernization  is the  biggest investment in the Company history, and, based on available data, also this year  highest reported investment in the Moravia-Silesia region…

A New Foundation of OKD Will Support the Charity, Sport, Ecology and Education

A New Foundation of OKD Will Support the Charity, Sport, Ecology and Education

11/21/2007

OSTRAVA, November 21, 2007 – In January 2008, the mine company OKD is going to initiate activities of its Foundation  which will support charity projects, sport, ecology, education, science and research and also culture. Most finance will be allocated to  projects in the Moravia-Silesia region, approximately one fifth of the means will be intended to support other business plans within the whole Czech Republic. ”OKD supports interesting long-term projects, in this year,  for instance, it will provide more than CZK  35 mil. for sponsorship activities. After the Foundation establishment, the means will be further increased”,  said Zdeněk Bakala, Deputy Chairman of the Board of Directors of the company  New World Resources which is a 100% owner of OKD…

OKD Invests EUR 300 Million  in Its Mine Technologies

OKD Invests EUR 300 Million in Its Mine Technologies

11/20/2007

OSTRAVA, 19 November 2007 -  The company OKD, a. s., which is the biggest producer of bituminous coal in the Czech Republic, today has presented its plan for implementation of  a large-scale investment  program in a value of approx. EUR 300 million  (more than CZK 8 milliard) in its mine technologies…

Profit of OKD for 2006 close to 5 billion Czech crowns

Profit of OKD for 2006 close to 5 billion Czech crowns

6/26/2007

Ostrava, July 26 – The company OKD, a. s. (hereinafter referred to as OKD), for 2006, attained the profit (pursuant to Czech accounting regulations) of 4.752 billion Czech crowns before tax. After taxes the profit of the company was 3.571 billion Czech crowns. "In 2006 the market prices of coal and coke decreased as compared to the previous year, which had an impact on the profit," assessed the economic manager of OKD, Petr Mokroš…

Basic information about the changes in OKD

Basic information about the changes in OKD

6/13/2007

The OKD group has recently undergone significant changes the aim of which was primarily to simplify organizational and proprietary structure. The company is currently organized in a lucid manner. OKD retained only those operations that are directly related to the main field of business - mining of hard coal. These changes are perceived positively by the Czech as well as European expert public…

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