State reaches agreement with NWR

The Czech state has reached an agreement with New World Resources to help wind down operations of its Paskov black coal mine: mining at the site will continue for three more years before it will be due to close and the government will provide 600 million crowns for social programmes for miners. The matter will be discussed at the cabinet level next week, the Minister for Industry and Trade Jan Mládek confirmed. The state will have to honour its end of the agreement only as long as the mine is kept running until 2017.