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Ústí nad Labem Region, Czechia approved delimitation of areas for deep mining of lithium at Cínovec in Ore Mountains. Decision of representatives is key for further decisions by investor Geomet (51/49 joint venture of Severočeské doly/ČEZ and European Metals Holdings/EMH) on implementation of project worth CZK 42 billion (EUR 1.7 billion), of which costs of building processing plant should be CZK 25 billion and mine itself CZK 5 billion. Project made significant progress in recent years – completion of definitive feasibility study/DFS and submission of EIA documentation to Ministry of Environment (December 2025), awarding subsidy of maximum of EUR 350 million/CZK 8.8 billion for construction of lithium processing plant in Prunéřov near Chomutov from Strategic Investments for Climate Neutral Economy programme (November 2025), receiving grant of CZK 800 million/EUR 32 million from Fair Transition Fund (April 2025), inclusion by European Commission among strategic projects under Critical Raw Materials Act/CRMA regulation (March 2025), changing location of processing plant from Dukla industrial zone near Újezdeček to Prunéřov to site of former coal-fired power plant (April 2024), EBRD invested EUR 6 million in EMH shares and currently holds 5.18% interest (July 2023), redemption of land and options in Dukla location for CZK 966 million (June 2023), EMH approved transfer of 51% stake to ČEZ by increasing Geomet's capital by EUR 29.1 million (April 2020), EMH acquired Geomet (February 2014), Geomet founded (November 2007). This to be followed by preparation of documentation for building permit. Investor expects mining to begin in 2030. Mining operation and raw material processing plant to directly create approximately 2,000 jobs, with further 2,000 jobs created in downstream supply chain. Total of 3.2 million tonnes of ore per year can be mined at Cínovec and will produce approximately 37,500 tons of battery-grade lithium carbonate for up to 1.3 million electric vehicles (EVs). Czechia has 10th largest lithium reserves in world (3-5%) and 2nd largest in Europe after Germany. Net present value (NPV) in Cínovec deep deposit was USD 1.94 billion as of January 2022. Automotive industry accounts for about 10% of Czechia’s GDP. In coming years, it will undergo inevitable transformation from internal combustion engines (ICEs) to electromobility. Czech source of lithium will help preserve jobs, automotive tradition, wide supply chain and follow-up services, added ČEZ, which is also planning gigafactory for electric car battery cells in Prunéřov

April 7, 2026 | 07:46am CETflash
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Factories
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Brano Group to start production in China and South Africa in 2011

June 7, 2011 | 05:04am CEToriginal
Contracts in these countries, new orders in Russia, the abandonment of production in Mexico, the financial results of 2010 and the plan for 2011...
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TPCA decreased some environmental indicators of production in 2010 despite car production fall

June 6, 2011 | 05:15am CEToriginal
The energy consumption decreased as well as the waste production per vehicle produced. Activities in the green month in June...
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Toyoda Gosei to expand production in Europe, including Czech Rep

May 10, 2011 | 11:22pm CEToriginal
The company plans to extend one hall and install new lines in the Czech plant. The nature of production, customers, details of investments...
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Hyundai Motor prepares third shift launch in Czech Rep, having increased production at its mill of parts

May 10, 2011 | 03:38am CEToriginal
The factory put its second pressing machine into operation, which will enable to double the production capacity. Technology supplier...
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Denso probably decided to invest in expansion of car air-conditioner production in Czech Rep

May 4, 2011 | 05:33am CEToriginal
It is signalled by the planned investments of two subsidiaries. Denso has not confirmed the investment...
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Kvasiny-based plant of Skoda Auto has new head as of May

May 2, 2011 | 01:51am CEToriginal
Pavel Richter was promoted from the position of the welding shop head, and replaced Jan Tauchman...
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Basic wages in Czech Hyundai plant to increase by 5%

May 2, 2011 | 01:41am CEToriginal
The company agreed with both trade unions on the new collective agreement after 16 rounds of negotiations. The increase of certain contributions and surcharges...
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TPCA agreed with unions on wage growth, new collective agreement negotiating continues

April 26, 2011 | 04:09am CEToriginal
Negotiated salary increase and its components, evaluation of trade unions, the current wage amount...
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Sungwoo Hitech wants to expand its plant in Czech Rep

April 21, 2011 | 03:50am CEToriginal
Increasing production capacity of car body parts, expansion of existing buildings, the date of implementation of the plan, new jobs, customers of the production...
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Growth of salaries in Hyundai’s Czech plant complicated by varying demands of unions

April 20, 2011 | 12:08am CEToriginal
While one union has already agreed, the other has apparently excessive demands. Offers and requests of the parties...
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Toyota to limit production in Europe due to shortage of parts, not in Czech Rep

April 14, 2011 | 03:54am CEToriginal
Time and date of the shutdown, the affected plants and models produced there, the situation in TPCA...
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PSA to launch manufacture of third model in Slovakia in 2012, investing EUR 130 million in Trnava

April 12, 2011 | 04:22am CEToriginal
New jobs and the beginning of recruitment, introduction of the third-shift operation, the launch of the new model’s production, limited supplies of parts from Hitachi...
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Another trade union established in TPCA, collective bargaining spins out

April 1, 2011 | 12:23am CEToriginal
Validity of the current collective agreement has been extended by the end of April. TPCA again reckons for an increase in wages...
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PSA Peugeot Citroen began to restore production of diesel cars in Europe

March 31, 2011 | 11:39pm CEToriginal
The supplier of parts for diesel engines Hitachi has resumed production in Japan. Production in Trnava will begin again next week...
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TPCA to increase production from April, expects production of whole 2011 at level of 2010

March 25, 2011 | 04:01am CEToriginal
This will happen after six months from a slowdown in production. Reduction of cycle routes, taking on of new agency staff...
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PSA Peugeot Citroen begins limiting production in Europe due to earthquake in Japan

March 24, 2011 | 04:16am CEToriginal
The reason is a failure in the supply of components from Hitachi. The affected plants in France, Spain and Slovakia...
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Demand for mini-cars from TPCA down less than A-segment in Europe in 2010

March 24, 2011 | 03:33am CEToriginal
Business and financial results in 2010, the development of the A-segment, personnel situation, the most popular model...
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Car production in Czech Rep up by 9.4% in 2010, similarly to production of components

March 23, 2011 | 04:38am CEToriginal
Skoda Auto increased production by 9%, Hyundai by 69.6%, Avia by 69.6%, Tatra by 15.2%, SOR by 11.9%. Conversely, TPCA, Iveco and Tedom decreased production...
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Automakers and parts manufacturers are finding the impact of earthquakes in Japan on their production

March 16, 2011 | 02:43am CEToriginal
Production shutdowns, cancellation of overtime and weekend shift; the situation by Toyota, Nissan, Honda, Bridgestone, Skoda Auto, TPCA...
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Carmakers in Slovakia to increase staff salaries by 4 to 8% in 2011

March 9, 2011 | 01:25am CEToriginal
The highest increase can be expected by workers in Volkswagen Slovakia, the lowest in Kia Motors Slovakia. Details, outlook of production in 2011...
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Another trade union organization emerged in Czech plant of Hyundai

March 7, 2011 | 10:55pm CEToriginal
Its aim is to negotiate a significantly higher wage increase than the existing unions have required. Requirements of the parties, membership, complications...
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Unions of Hyundai's Czech plant demand higher wage increase than management proposed

March 3, 2011 | 04:25am CEToriginal
They would be satisfied with a 7% increase, which had been reached in 2010. The unions also want to change some things in the social area...
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Hyundai aims to boost sales in Czech Rep by more than 10% in 2011

February 16, 2011 | 05:52am CEToriginal
Other objectives and new products, date of the ix35 production transfer to the Czech Republic, a new global brand philosophy of Hyundai, supported by a new slogan...
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Production of VW New Small Family mini cars to begin in August, under brands Skoda and Seat in September

February 16, 2011 | 05:35am CEToriginal
Production plans, sales expectations, equipment versions, the expected price, start-up of a cheap sedan...
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Skoda Auto not to produce engines for mini cars from Bratislava

February 16, 2011 | 04:59am CEToriginal
According to previous assumptions, there should have been about 1,100 engines (1.0-litre V3) assembled in Mlada Boleslav a day, however, the production will be ensured by another group plant abroad...
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