Tag: Coal Production

  • Serbia Invests €450 Million in New Equipment at Kolubara Coal Mine

    Serbia Invests €450 Million in New Equipment at Kolubara Coal Mine

    Serbia is investing 450 million euro ($487.5 million) in new equipment at the Kolubara coal mine to boost its production capacity, the energy ministry announced. The investment will also fund the launch of replacement production capacities for coal extraction from surface mines and the construction of two excavators and supporting systems at the Kolubara mine, according to a press release issued by the ministry on Tuesday.

    The introduction of the new systems is expected to increase coal production by an additional 16 to 19 million cubic meters annually, said energy minister Dubravka Djedovic Handanovic. This year, coal production at the Kolubara level has already seen a 3% increase compared to the previous year, she added.

    The Kolubara mining complex contributes to 70% of Serbia’s lignite output, according to the website of the state-owned energy producer Elektroprivreda Srbije (EPS).

  • Boston Consulting Group presented the results of the Qarmet audit.

    Boston Consulting Group presented the results of the Qarmet audit.

    The international company Boston Consulting Group, specializing in management consulting, has been conducting an audit of coal production at Qarmet since December of last year, reports the correspondent of the business information center Kapitak.kz, citing the company’s press service.

    “During the study of the Coal Department’s activities, it was noted that explosions, fires, and gas dynamic phenomena have been the cause of 95% of all tragic incidents in mines since 2021. It has been proposed to implement comprehensive modernization work, starting with the installation of a positioning system at all facilities. To manage the systems, the establishment of a central dispatch service has been recommended, which will increase the efficiency of production data consolidation and accelerate response to external factors such as geological disturbances,” Qarmet reported.

    The observations section also included irrational investments in the early years for acquiring outdated technological equipment, the absence of a unified standard for working conditions in mines, and others.

    “As a result of the BCG audit commissioned by Qarmet shareholder Andrey Lavrentiev, a joint working group has been established to develop a detailed comprehensive action plan for modernization in the Coal Department until 2028. The goal of the large-scale campaign is to implement the best international practices to improve productivity and work safety,” the message stated.

    Recall that on October 28, 2023, an explosion occurred at the Kostyanko mine in the Karaganda region, formerly owned by ArcelorMittal Temirtau, resulting in the death of 46 people. October 29, 2023, was declared a National Mourning Day. The president instructed the government to cease investment cooperation with ArcelorMittal Temirtau.

    On December 8, 2023, it became known that the Government of the Republic of Kazakhstan and ArcelorMittal Corporation had concluded a deal to transfer ArcelorMittal Temirtau JSC to Kazakhstan. The Kazakh State Direct Investment Fund Qazaqstan Investment Corporation acquired all the shares of the metallurgical enterprises ArcelorMittal Temirtau JSC and ArcelorMittal Tubular Products Aktau JSC. The deal amounted to $286 million. The investor became the Chairman of the Board of Directors of Allur Group of Companies, Andrey Lavrentiev. According to the terms of the deal, he is required to invest $3 billion in the modernization of the plant and mines.

    It is worth noting that on August 17, 2023, a fire occurred on the Kazakhstan mine, which belonged to ArcelorMittal Temirtau, resulting in the death of five miners. On November 3, 2022, in Shakhtinsk, at the Lenin mine, during drilling of gas drainage wells, there was a sudden gas outburst. There were 106 workers in the mine, and five people died.

  • Poland has no plans to quickly cease hard coal production: Minister of State Assets

    Poland has no plans to quickly cease hard coal production: Minister of State Assets

    Both the Polish government and the ruling Law and Justice (PiS) party have confirmed that they do not intend to accelerate the phase-out of hard coal production in Poland, according to Jacek Sasin, the Polish state assets minister. Sasin emphasized that there is a social agreement in place, outlining the gradual reduction of coal mining by 2049. He also stated that there are no plans to expedite the country’s transition away from coal.

    Sasin’s remarks came after a meeting with a group of signatories of the social contract related to the future of hard coal in Poland. He clarified that the government is committed to fully implementing the social agreement and aims to address any doubts or questions that have arisen.

    Poland remains heavily reliant on fossil fuels, particularly coal, and is opposed to accelerating the EU’s green agenda. The country argues that it needs more time to transition to green energy sources due to the legacies of the pre-1989 communist regime, which promoted coal mining and coal-fired power plants.

    In April, the European Parliament approved key legislation as part of the Fit for 55 in 2030 package, aiming to reduce greenhouse gas emissions by at least 55 percent by 2030 compared to 1990 levels and achieve climate neutrality by 2050.

    The Polish coal mining industry employs approximately 75,000 people, and powerful mining unions exert significant influence on energy policy in the country.

    Additionally, Poland’s development minister, Waldemar Buda, expressed hope that the current lower house of parliament would address a bill to establish a new state-owned company that would take ownership of coal-fired assets from energy firms after the upcoming general election. This new state agency, the National Energy Security Agency (NABE), is intended to free energy companies from their polluting assets, making them more attractive to investors. The country is set to hold elections on October 15, and Buda hoped that the lower house could overrule an upper house veto on state guarantees for NABE before the new post-election parliament convenes.

    On September 7, the Senate, the upper house, voted against a bill related to state guarantees for NABE.