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The former iron ore mine Měděnec was in operation from 1968 to 1992. In the Czech Republic, it was the last iron-ore mine. In total, about 2.7 million tonnes of blast rock ore were harvested, resulting in about 936,000 tonnes of iron. Besides iron ore, ores of copper and silver were mined here. After 1992 company Garmica mined muscovite and grenats at the mine. The mining operation was definitively stopped in 1997. At present, the underground parts of the mine are flooded, and the buildings on the surface is dilapidated and vandalized.

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