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The Czech Republic is set to close its last deep coal mine in Stonava at the end of January, marking the end of over 250 years of deep mining due to low coal prices and rising operational costs. The state-owned OKD mine, which has seen its workforce shrink to 2,300, plans to transition to coal trading and develop new projects, supported by the EU's Just Transition fund, which will provide 19 billion crowns for regional transformation.