OKD

What OKD does

OKD, a.s. is a Czech state-owned industrial company historically operating as the sole producer of black coal in the Czech Republic for nearly 250 years. The company permanently ceased coal mining at its last active mine (Důl ČSM in Stonava) on January 31, 2026, and shut down its coal processing plant on February 28, 2026, ending its primary revenue-generating activity. OKD is wholly owned by the Czech state through PRISKO a.s. and is supported by the EU Just Transition Fund, which allocates 19 billion CZK (908 million EUR) to the Moravia-Silesia region for economic diversification.

The company's current operational portfolio is built around the wind-down of Důl ČSM and the construction of replacement business lines. Active operations include: the Equipment and Assets Sale Portal (prodejmajetku.okd.cz) for disposing of surplus mining equipment via tender; the Procurement Portal (nakup.okd.cz) for supplier management; the Engineering Networks Request Portal (zadosti.okd.cz) for handling infrastructure approvals; the Nová šichta workforce transition program that has served over 1,100 clients and helped 795 workers find new employment with 125+ cooperating employers (including Mittal, Metrostav TBR, H.A.S, and Tatra Metalurgie); and the technical liquidation of the ČSM mine, which involves 87 explosion-proof barriers (72 built by May 2026), 180,000 tonnes of aggregate for shaft filling, and 3.3 billion CZK in planned costs through 2028-2029. A 23 million CZK Jenbacher cogeneration unit is being installed at ČSM-Sever to convert mine gas (40%+ methane) into 1 MW of electricity and 1.3 MW of heat, with operational launch planned for autumn 2026 and a stated 5-year ROI.

The business model has shifted from B2B thermal and coking coal supply to a mix of one-time asset disposals (equipment sales), internal technical liquidation services, future recurring energy revenue from cogeneration, and licensing/development of former mining real estate. The headcount contracted from approximately 2,300 at closure to roughly 600 core employees, with 1,550 additional layoffs planned. Revenue is not disclosed and is likely a fraction of historical levels, with the new energy line not yet commercial and the equipment business lumpy and non-recurring.

Name

OKD

Legal name

OKD, a.s.

Website

https://okd.cz

Company type

Private

Founded year

1946

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

OKD, a.s. is a Czech state-owned former coal mining company that ceased black coal extraction at Důl ČSM in January 2026 after nearly 250 years. It now conducts technical mine liquidation, sells surplus mining assets via an online portal, and is developing mine gas cogeneration energy production for the Moravia-Silesia region.

Ownership category

akta.pro rank

Product category

Coal Mining and Mining Services

NAICS

Coal Mining (2121), Remediation Services (562910)

SIC

Bituminous Coal & Lignite Mining (1220), Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Mine Closure Planning & Execution (Decommissioning, Demolition, Asset Retirement) (IMAKAOAK)

akta.pro secondary industries

Project & Construction Management (EPCM, Owner’s Engineer, Scheduling/Controls) (IMAKAOAG), Health, Safety & Risk Engineering (Process Safety, HAZOP/HAZID, Emergency Systems) (IMAKAOAO), Compliance, Risk & EHS Management (BPABAAAK)

Keywords

• Black coal mining
• Mine liquidation services
• Mine gas cogeneration
• Used mining equipment sales
• Mining workforce transition

Headquarters

HQ city

Karvina

HQ country

Czechia

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Coal Mining (Discontinued): OKD was the sole producer of black coal in the Czech Republic. Mining operations ceased on January 31, 2026, after nearly 250 years. Total production from Důl ČSM (1968-2026) was 124,335,056 tonnes of black coal.
2. Used Equipment and Asset Sales: Sale of surplus mining equipment, vehicles, electrical equipment, spare parts and materials through OKD's online portal prodejmajetku.okd.cz. Sales conducted via direct offers and tender processes.
3. Energy Generation from Mine Gas: Future revenue stream from cogeneration using mine gas (methane). A new 23 million CZK Jenbacher unit will generate 1 MW electricity and 1.3 MW heat, potentially covering all OKD energy needs post-liquidation with excess sales to other consumers.
4. Development and Property Management: Post-mining activities including development projects and management of former mining infrastructure and real estate assets.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

OKD, a.s. is a Czech state-owned mining company that was the sole producer of black coal in the Czech Republic for nearly 250 years. Following the closure of its last active mine (Důl ČSM in Stonava) on January 31, 2026, the company is transitioning to new business lines including technical mine liquidation services for the decommissioned ČSM mine, mine gas cogeneration energy production (1 MW electricity / 1.3 MW heat from a Jenbacher unit), used mining equipment and asset sales via prodejmajetku.okd.cz, mine damage assessment (Důlní škody), engineering network approvals, and the Nová šichta workforce transition program for departing employees.

Product overview

OKD (OKD, a.s.) is a Czech mining company that historically operated as the sole producer of black coal in the Czech Republic. Following the closure of its last active mine (ČSM in Stonava) on January 31, 2026, the company has transitioned into new business areas. The current portfolio includes several web-based service platforms: the Equipment and Assets Sale Portal (prodejmajetku.okd.cz) for selling used mining equipment, the Procurement Portal (nakup.okd.cz) for supplier management and tenders, and the Engineering Networks Request Portal (zadosti.okd.cz) for construction-related approvals. OKD also operates the Nová šichta program providing employment assistance to departing miners, offers mine liquidation services for the decommissioned ČSM mine, and is developing energy production from mine gas via cogeneration units. The company is also exploring future operations in energy and development sectors.

Differentiator

Problem solved

Functional benefit

Brands

• Nová šichta: OKD program helping departing employees find new work, providing career counseling, job search assistance, and entrepreneurship support

Products and services

• Nová šichta Workforce Transition Program A comprehensive employment assistance program for departing OKD employees, providing job search support, resume writing, interview preparation, and connections to 125+ employer partners including Mittal, Metrostav TBR, H.A.S, and Tatra Metalurgie.
• Prodej majetku OKD (Equipment and Assets Sale Portal) An online portal for selling used mining equipment, vehicles, electrical equipment, spare parts, and materials from OKD operations via direct offers and tender processes.
• Žádosti – inženýrské sítě (Engineering Networks Request Portal) A web portal for submitting requests regarding engineering network existence statements, documentation approvals, and construction permits, including categorization maps for mine gas surface outputs.
• Mine Gas Cogeneration Energy Energy production from methane in mine gas using a Jenbacher cogeneration unit. The new 1 MW / 1.3 MW unit at ČSM-Sever converts over 40% methane content into electricity and heat for OKD's own needs and potential sale to nearby industrial and commercial consumers.
• Technical Mine Liquidation Services Comprehensive mine closure services including explosion-proof barriers, shaft filling with cement-ash mixture, surface demolition, environmental remediation, and controlled water/gas management for safe permanent closure of former mining facilities.
• Důlní škody (Mine Damage Services) Assessment and management of mining damage to surface objects and properties caused by mining activities, delivered by court-appointed specialists in mining damage evaluation.

Quantifiable outcome

• 1,100 clients helped through Nová šichta program
• +4 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Ten partnerships are on record, tiered core, major and minor.

• Ministry of Labour and Social Affairs (MPSV)coreStrategic or Co-development PartnerGovernment ministry providing institutional support and funding for the Nová šichta worker transition program, helping displaced miners find new employment and retraining opportunities.
• Czech Employment Office (Úřad práce)coreStrategic or Co-development PartnerGovernment employment agency collaborating on job placement services, retraining programs, and unemployment benefits for departing OKD employees.
• Nadace OKD (OKD Foundation)coreStrategic or Co-development PartnerCompany foundation supporting mining community through charitable donations, including proceeds from charity calendar sales and special events for families of miners.
• OS PHGN (Mining Trade Union)majorStrategic or Co-development PartnerMining trade union organization representing worker interests during the transition period and coordinating collective agreement negotiations.
• Svaz podnikatelů v průmyslu (SP)minorStrategic or Co-development PartnerIndustrial employers' association supporting workforce transition and industrial relations during restructuring.
• MittalmajorGTM or Marketing PartnerSteel manufacturer as one of 125+ companies actively recruiting former OKD employees through the Nová šichta program.
• Metrostav TBRmajorGTM or Marketing PartnerConstruction company recruiting former mining personnel through the Nová šichta transition program.
• H.A.SminorGTM or Marketing PartnerCompany participating in the Nová šichta program to recruit displaced OKD workers.
• Tatra MetalurgieminorGTM or Marketing PartnerMetallurgical company partnering with Nová šichta to employ former mining workers.
• Jenbacher (INNIO Group)coreTechnology or IntegrationAustrian manufacturer supplying the 1 MW cogeneration unit for mine gas utilization at Důl ČSM-Sever, with 5-year ROI projection. Technology selected for reliability with variable mine gas composition.

Scale indicators10 records

Recent moves11 records

Expansion highlights5 records

Regional players

• Gruppo Škoda Bohemia / Czech Coal (former): Czech mining group historically active in North Bohemian brown coal mining and related infrastructure, providing a domestic peer on Czech coal mining and environmental remediation challenges similar to OKD.
• Severní energetická: Czech brown coal mining and power generation group operating in the North Bohemian basin, also transitioning under Czech/EU decarbonisation policy. Comparable to OKD as a domestic Czech coal operator facing energy transition, though focused on brown coal/lignite and power generation rather than hard coal.

Broad incumbents

• Eesti Energia (Estonian Energy): Estonian state-owned energy company operating oil shale mines alongside power generation, navigating EU decarbonisation pressure analogous to OKD. Comparable as a state-owned integrated fossil-fuel mining and energy entity in transition, though in a different fuel and country.

Direct peers

• Coronado Global Resources: ASX-listed metallurgical coal producer with US and Australian operations, supplying global steelmakers. Comparable as a producer of coking coal serving similar industrial customers to OKD's former Czech steel and energy customers, though geographically distant.
• New World Resources: Was OKD's previous majority owner and listed on the London, Prague, and Warsaw stock exchanges before delisting; restructured OKD's debts and ultimately exited as OKD came under state control via PRISKO. Direct historical relationship and operational overlap with ČSM and other OKD assets.
• Polska Grupa Górnicza (PGG): Largest hard coal producer in the European Union and Polish state-controlled miner, operating underground bituminous coal mines in Upper Silesia adjacent to OKD's region. Directly comparable in commodity, geography, depth of mines, and state ownership, though still actively mining rather than closing.
• Jastrzębska Spółka Węglowa (JSW): Poland's largest coking coal producer, listed on the Warsaw Stock Exchange, supplying metallurgical coal to European steel mills. Comparable to OKD's historical coking coal customer base and its role as a strategic Central European coal supplier, but still an active producer.
• RAG Stiftung: German state-backed foundation managing the long-term closure of German hard coal mining and post-mining water management, with surface redevelopment and renewable energy on former mine sites. Closest analogue to OKD in scale, state backing, and transition from active coal mining to mine closure plus new business lines.

Emerging players

• Minergy Limited: Junior coal mining and trading business, representative of smaller, transition-exposed coal operators relevant to OKD's former hard coal product portfolio. Comparable commodity focus (thermal/coking coal) though at very different scale and geography.

Others

• Jenbacher / INNIO Group: Austrian manufacturer of the 1 MW cogeneration unit being installed at ČSM-Sever. Adjacent technology partner rather than competitor, but reflects the ecosystem OKD is engaging with for its mine gas energy pivot.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/OKDa.s.CZ
• LinkedInlinkedin.com/company/okd-a-s

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OKD