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annual report 2004 - Severočeské doly a.s.

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10<br />

——<br />

11<br />

Interview with the Chairman of the Board<br />

Which events had a significant effect on the activities of <strong>Severočeské</strong> <strong>doly</strong> in <strong>2004</strong>?<br />

Mining sites where we use advanced mining technology presented us with a whole range of new situations<br />

during the year. We have had to cope with breakdowns in mechanical equipment that have been of varying<br />

sizes and complexity, and nature tested our ability to handle mining anomalies. Fortunately we managed<br />

to avoid incidents that could have had a fundamental impact on the company’s economic situation.<br />

How is the management satisfied with the results achieved by the company and what did<br />

you personally take most pleasure in?<br />

A company’s reputation hinges on its earnings. Our company has earned its place in the sun thanks<br />

to the solid results it has posted over the past ten years. I am particularly pleased by the fact that these<br />

quality financial results have been achieved without record coal output.<br />

How do you view the position of <strong>Severočeské</strong> <strong>doly</strong> in the context of the Czech Republic’s accession<br />

to the EU last year?<br />

<strong>Severočeské</strong> <strong>doly</strong> has been involved in various professional initiatives in Europe for many years<br />

now through the foreign section of the Mining and Oil Refining Industry Employers Union. Longterm<br />

cooperation, particularly in the fields of legislation and the environment, is well worth it.<br />

What does <strong>Severočeské</strong> <strong>doly</strong> mean for the region and what role does the region play in your<br />

corporate strategy?<br />

Cooperation with the region began as soon as the company was founded in 1994. This sort of cooperation<br />

is an integral part of our business plans and is just as important as production. Specifically, this means<br />

relations with towns and villages on the edges of our mining sites or the social and civic institutions<br />

in the areas of Chomutovsko and Teplicko. The primary aims are to provide financial assistance<br />

and have a positive influence on society.<br />

In your opinion, is <strong>Severočeské</strong> <strong>doly</strong> a socially responsible corporation? How is this social<br />

responsibility manifested?<br />

The very fact that <strong>Severočeské</strong> <strong>doly</strong> is at the start of the economic chain places it in the category<br />

of socially responsible companies. Opencast mining is unthinkable without primary, and often very<br />

extensive, defacement of the landscape. These operations have been carried out to the benefit of the whole<br />

of society for several decades. We round off the process by regenerating the natural environment.<br />

We view our efforts to revitalize the landscape as a public issue.<br />

What does the management of <strong>Severočeské</strong> <strong>doly</strong> want to achieve in 2005? What economic and<br />

business goals does it have?<br />

This year we expect to discuss the region’s land-use plan and energy policy. These talks will have a bearing<br />

on the company’s mining strategy for decades to come. The business and economic goals are linked to the programme<br />

drawn up by our largest customer, ČEZ, to retrofit its power plants. This year, we will also complete<br />

the assembly of a new large-scale excavator, which will be put into service at the Libouš North site.<br />

<strong>Severočeské</strong> <strong>doly</strong> is one of the largest employers in the region. How do you rate the contribution<br />

of your employees and what do you expect of them in 2005?<br />

The company’s success depends on the professional potential of employees, the corporate culture, and<br />

healthy patriotism. <strong>Severočeské</strong> <strong>doly</strong> a.s. and its subsidiaries can draw on such a team of several<br />

thousand employees. Therefore I expect each of them to perform to a quality, professional standard.<br />

Vratislav Vajnar<br />

Chairman of the Board of Directors and Chief Executive Officer

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