The Economics of Coking Coal Mining: A Fossil Fuel Still Needed for Steel Production

Adam Duda and Gregorio Fidalgo Valverde
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Adam Duda: Faculty of Mining, Safety Engineering and Industrial Automation, The Silesian University of Technology, 44-100 Gliwice, Poland
Gregorio Fidalgo Valverde: Department of Business Administration, Faculty of Mining, Energy and Materials, The University of Oviedo, 33004 Oviedo, Spain

Energies, 2021, vol. 14, issue 22, 1-12

Abstract: Coking coal has been on the European list of critical raw materials since 2014 due to its high economic importance and high supply risk. In 2017, coking coal narrowly missed passing the threshold of economic importance. However, out of caution, it remained on the list of critical raw materials, as the steel industry still needs it. It is likely to be phased out of the list below when it does not fully meet the required criteria. As there are no significant alternatives for this energy intensive industry and neither electrification nor material or energy efficiency improvements are yet available at a sufficient level of technological readiness, the European Union remains dependent on coking coal imports. Therefore, any coking coal mining project in Europe is of great importance and an important alternative to solving the problems of providing this raw material. In this study, the Dębieńsko coking coal project in Poland is analyzed using a scientifically proven methodology based on world-class analysis of coking coal projects submitted for financing to financial institutions.

Keywords: coking coal; critical raw material; mining investment; Dębieńsko project (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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