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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Adam Duda & Gregorio Fidalgo Valverde, 2021. "The Economics of Coking Coal Mining: A Fossil Fuel Still Needed for Steel Production," Energies, MDPI, vol. 14(22), pages 1-12, November.
    • Handle: RePEc:gam:jeners:v:14:y:2021:i:22:p:7682-:d:680778
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    References listed on IDEAS

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    Cited by:

    1. Sivek, Martin & Jirásek, Jakub, 2023. "Coking coal - Really a critical raw material of the European Union?," Resources Policy, Elsevier, vol. 83(C).
    2. Michał Rejdak & Grzegorz Gałko & Marcin Sajdak & Aleksandra Wieczorek, 2022. "Stamp-Charged Coke-Making Technology—An Empirical Model for Prediction of Coal Charge Density for Stamp Charging Coke Oven Batteries," Energies, MDPI, vol. 15(24), pages 1-15, December.
    3. Bożena Gajdzik & Radosław Wolniak & Wieslaw Wes Grebski, 2022. "An Econometric Model of the Operation of the Steel Industry in POLAND in the Context of Process Heat and Energy Consumption," Energies, MDPI, vol. 15(21), pages 1-26, October.
    4. Zhu, Mingxue & Zhang, Hua & Xing, Wanli & Zhou, Xuanru & Wang, Lu & Sun, Haoyu, 2023. "Research on price transmission in Chinese mining stock market: Based on industry," Resources Policy, Elsevier, vol. 83(C).
    5. Sergey Zhironkin & Ekaterina Taran, 2023. "Development of Surface Mining 4.0 in Terms of Technological Shock in Energy Transition: A Review," Energies, MDPI, vol. 16(9), pages 1-31, April.
    6. Michał Rejdak & Małgorzata Wojtaszek-Kalaitzidi & Grzegorz Gałko & Bartosz Mertas & Tomasz Radko & Robert Baron & Michał Książek & Sten Yngve Larsen & Marcin Sajdak & Stavros Kalaitzidis, 2022. "A Study on Bio-Coke Production—The Influence of Bio-Components Addition on Coke-Making Blend Properties," Energies, MDPI, vol. 15(18), pages 1-27, September.

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