What does OKD mean in UNCLASSIFIED


OKD is an acronym for Ostravsko karvinské doly, which is a company based in the Czech Republic. This company is one of the largest coal mining companies in Europe and has been around since 1842. It has a long history, and employs thousands of people. In this article, we will explore more about OKD, its meaning and purpose.

OKD

OKD meaning in Unclassified in Miscellaneous

OKD mostly used in an acronym Unclassified in Category Miscellaneous that means Ostravsko karvinské doly

Shorthand: OKD,
Full Form: Ostravsko karvinské doly

For more information of "Ostravsko karvinské doly", see the section below.

» Miscellaneous » Unclassified

Purpose of OKD

The main purpose of OKD's operations is to produce coking coal for use in metallurgy industries such as steel production, as well as other forms of energy such as electricity generation from burning coals. Additionally, the company also produces and supplies construction materials like asphalt and concrete blocks used in road infrastructure development projects. Furthermore, smaller operations include geological exploration activities aiming to find new deposits or extend existing ones leading to an increased production capacity over time.

Benefits of OKD

OKD provides significant economic benefits to the region, not only due to its direct contribution that comes with its employment opportunity but also because it guarantees job security through investments such as infrastructure development projects necessary for its own operations as well as special subsidies provided by the government with tax exemptions offered subsidies for capital investment from private companies who are willing to expand their own output.

Essential Questions and Answers on Ostravsko karvinské doly in "MISCELLANEOUS»UNFILED"

What is OKD?

OKD stands for Ostravsko karvinské doly, which is a coal mining business based in the Czech Republic.

Who owns OKD?

As of June 2020, OKD is owned by NWR (New World Resources), a London-based investment company.

What type of coal does OKD mine?

OKD mines mainly lignite and hard coal.

How many employees work at OKD?

Currently there are just over 10,000 people employed by OKD.

What other services does OKD provide?

In addition to mining,OKD provides engineering services related to underground and surface mining and environmental rehabilitation. They also have their own power plant which supplies electricity to their operations.

Is OKD environmentally friendly?

Yes,OKD is committed to minimizing its environmental impact both during and after mining operations. It has implemented several initiatives that reduce air pollution from its coal burning activities and promotes reforestation in areas affected by mining activities.

Does OKD export its product outside the Czech Republic?

Yes, some of the coal mined at OKDs sites is exported to countries such as Germany, Slovakia, Hungary, Poland and Romania.

How much coal does OKD produce per year?

The total annual production of all types of coal produced by the company is around 15 million tons per year.

Final Words:
In conclusion, OKD is an important name in the industry both locally and internationally due to its strong presence on the market providing reliable outputs with stability over times. The long lasting success obtained by this mining company is largely attributed to its willingness to continuously invest on improving operational processes while respecting environmental regulations preserving its workers’ rights at all times.

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