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The New World Resources subsidiary OKD which operates the mine has not yet confirmed the exact cause of the 26-year-old worker’s fatal injury, but extended condolences to relatives in a statement on its website.
An enquiry into the accident, however, is now being pursued by an investigative committee comprising members of the District Mining Authority in nearby Ostrava, CSM mine management, OKD trade union representatives and Czech Republic police.
The miner reported that the incident did not impact on production at CSM, which holds reserves of 45 million tonnes of coking and thermal coal, and produced 2.9Mt of coal last year.
New World Resources stock dropped 3.7% to 103 koruna ($US5.21) following the incident, a decline Bloomberg notes as causing the miner’s lowest share price since July 2009.
New World Resources is one of central Europe’s leading producers of thermal and coking coal, and the Czech Republic’s largest producer of anthracite.
The Netherlands-headquartered company has 385Mt of JORC-compliant anthracite reserves in central Europe and employs over 18,000 people.
