CNH, Romania’s largest debtor, operates seven coalmines and employs 8,800 staff.
Four of the seven mines were deemed viable and will continue to operate after the company’s reorganization, while the three non-profitable units will receive state subsidies until 2018, said Claudiu Stafie, secretary of state with the ministry.
The mines considered viable are Lonea, Livezeni, Lupeni and Vulcan.
“After 2018, the three (non-profitable) mines will be shut down and rendered environmentally friendly,” Stafie told a news conference.
CNH has total debts to the state budget of EUR1.2 billion.