The loan gives OKD, which employs around 12,500 and that mined 8 million metric tons in 2015, enough cash to continue operations until the end of the year.

“Keeping OKD in operation is an important condition for social stability in the region,” Prime Minister Bohuslav Sobotka said on Twitter.

OKD has debt of around 17 billion crowns ($708 million) and assets worth less than 7 billion crowns ($292 million), according to the insolvency filing.