IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v14y2021i22p7682-d680778.html
   My bibliography  Save this article

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
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/14/22/7682/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/14/22/7682/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Blengini, Gian Andrea & Nuss, Philip & Dewulf, Jo & Nita, Viorel & Peirò, Laura Talens & Vidal-Legaz, Beatriz & Latunussa, Cynthia & Mancini, Lucia & Blagoeva, Darina & Pennington, David & Pellegrini,, 2017. "EU methodology for critical raw materials assessment: Policy needs and proposed solutions for incremental improvements," Resources Policy, Elsevier, vol. 53(C), pages 12-19.
    2. Riesgo García, María Victoria & Krzemień, Alicja & Sáiz Bárcena, Lourdes Cecilia & Diego Álvarez, Isidro & Castañón Fernández, César, 2019. "Scoping studies of rare earth mining investments: Deciding on further project developments," Resources Policy, Elsevier, vol. 64(C).
    3. Sterba, Jiri & Krzemień, Alicja & Riesgo Fernández, Pedro & Escanciano García-Miranda, Carmen & Fidalgo Valverde, Gregorio, 2019. "Lithium mining: Accelerating the transition to sustainable energy," Resources Policy, Elsevier, vol. 62(C), pages 416-426.
    4. Riesgo García, María Victoria & Krzemień, Alicja & Manzanedo del Campo, Miguel Ángel & Menéndez Álvarez, Mario & Gent, Malcolm Richard, 2017. "Rare earth elements mining investment: It is not all about China," Resources Policy, Elsevier, vol. 53(C), pages 66-76.
    5. Krzemień, Alicja & Riesgo Fernández, Pedro & Suárez Sánchez, Ana & Diego Álvarez, Isidro, 2016. "Beyond the pan-european standard for reporting of exploration results, mineral resources and reserves," Resources Policy, Elsevier, vol. 49(C), pages 81-91.
    6. Matyjaszek, Marta & Wodarski, Krzysztof & Krzemień, Alicja & Escanciano García-Miranda, Carmen & Suárez Sánchez, Ana, 2018. "Coking coal mining investment: Boosting European Union's raw materials initiative," Resources Policy, Elsevier, vol. 57(C), pages 88-97.
    7. Sterba, Jiri & Krzemień, Alicja & Fidalgo Valverde, Gregorio & Diego Álvarez, Isidro & Castañón Fernández, César, 2020. "Energy-sustainable industrialized growth in the Czech Republic: The Cínovec lithium mining project," Resources Policy, Elsevier, vol. 68(C).
    8. Vaněk, Michal & Bora, Petr & Maruszewska, Ewa Wanda & Kašparková, Alena, 2017. "Benchmarking of mining companies extracting hard coal in the Upper Silesian Coal Basin," Resources Policy, Elsevier, vol. 53(C), pages 378-383.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. 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.
    2. 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.
    3. 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.
    4. Sivek, Martin & Jirásek, Jakub, 2023. "Coking coal - Really a critical raw material of the European Union?," Resources Policy, Elsevier, vol. 83(C).
    5. 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).
    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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Riesgo García, María Victoria & Krzemień, Alicja & Sáiz Bárcena, Lourdes Cecilia & Diego Álvarez, Isidro & Castañón Fernández, César, 2019. "Scoping studies of rare earth mining investments: Deciding on further project developments," Resources Policy, Elsevier, vol. 64(C).
    2. Sterba, Jiri & Krzemień, Alicja & Fidalgo Valverde, Gregorio & Diego Álvarez, Isidro & Castañón Fernández, César, 2020. "Energy-sustainable industrialized growth in the Czech Republic: The Cínovec lithium mining project," Resources Policy, Elsevier, vol. 68(C).
    3. Sterba, Jiri & Krzemień, Alicja & Riesgo Fernández, Pedro & Escanciano García-Miranda, Carmen & Fidalgo Valverde, Gregorio, 2019. "Lithium mining: Accelerating the transition to sustainable energy," Resources Policy, Elsevier, vol. 62(C), pages 416-426.
    4. Matyjaszek, Marta & Riesgo Fernández, Pedro & Krzemień, Alicja & Wodarski, Krzysztof & Fidalgo Valverde, Gregorio, 2019. "Forecasting coking coal prices by means of ARIMA models and neural networks, considering the transgenic time series theory," Resources Policy, Elsevier, vol. 61(C), pages 283-292.
    5. Buelga Díaz, Arturo & Diego Álvarez, Isidro & Castañón Fernández, César & Krzemień, Alicja & Iglesias Rodríguez, Francisco Javier, 2021. "Calculating ultimate pit limits and determining pushbacks in open-pit mining projects," Resources Policy, Elsevier, vol. 72(C).
    6. Nebojša Stefanović & Nataša Danilović Hristić & Jasna Petrić, 2023. "Spatial Planning, Environmental Activism, and Politics—Case Study of the Jadar Project for Lithium Exploitation in Serbia," Sustainability, MDPI, vol. 15(2), pages 1-18, January.
    7. Alicja Kot-Niewiadomska & Krzysztof Galos & Jarosław Kamyk, 2021. "Safeguarding of Key Minerals Deposits as a Basis of Sustainable Development of Polish Economy," Resources, MDPI, vol. 10(5), pages 1-32, May.
    8. Thibeault, Al & Ryder, Michael & Tomomewo, Olusegun & Mann, Michael, 2023. "A review of competitive advantage theory applied to the global rare earth industry transition," Resources Policy, Elsevier, vol. 85(PA).
    9. Chen, Yufeng & Zheng, Biao & Qu, Fang, 2020. "Modeling the nexus of crude oil, new energy and rare earth in China: An asymmetric VAR-BEKK (DCC)-GARCH approach," Resources Policy, Elsevier, vol. 65(C).
    10. Clement Bonnet & Samuel Carcanague & Emmanuel Hache & Gondia Seck & Marine Simoën, 2019. "Vers une Géopolitique de l'énergie plus complexe ? Une analyse prospective tridimensionnelle de la transition énergétique," Working Papers hal-02971706, HAL.
    11. Marie K. Schellens & Johanna Gisladottir, 2018. "Critical Natural Resources: Challenging the Current Discourse and Proposal for a Holistic Definition," Resources, MDPI, vol. 7(4), pages 1-28, December.
    12. Göçmen Polat, Elifcan & Yücesan, Melih & Gül, Muhammet, 2023. "A comparative framework for criticality assessment of strategic raw materials in Turkey," Resources Policy, Elsevier, vol. 82(C).
    13. Ewa Lewicka & Katarzyna Guzik & Krzysztof Galos, 2021. "On the Possibilities of Critical Raw Materials Production from the EU’s Primary Sources," Resources, MDPI, vol. 10(5), pages 1-21, May.
    14. Riesgo García, María Victoria & Krzemień, Alicja & Manzanedo del Campo, Miguel Ángel & Escanciano García-Miranda, Carmen & Sánchez Lasheras, Fernando, 2018. "Rare earth elements price forecasting by means of transgenic time series developed with ARIMA models," Resources Policy, Elsevier, vol. 59(C), pages 95-102.
    15. Piotr Bórawski & Aneta Bełdycka-Bórawska & Lisa Holden, 2023. "Changes in the Polish Coal Sector Economic Situation with the Background of the European Union Energy Security and Eco-Efficiency Policy," Energies, MDPI, vol. 16(2), pages 1-17, January.
    16. Song, Ying & Bouri, Elie & Ghosh, Sajal & Kanjilal, Kakali, 2021. "Rare earth and financial markets: Dynamics of return and volatility connectedness around the COVID-19 outbreak," Resources Policy, Elsevier, vol. 74(C).
    17. Piotr Bórawski & Aneta Bełdycka-Bórawska & Lisa Holden & Tomasz Rokicki, 2022. "The Role of Renewable Energy Sources in Electricity Production in Poland and the Background of Energy Policy of the European Union at the Beginning of the COVID-19 Crisis," Energies, MDPI, vol. 15(22), pages 1-17, November.
    18. Vidal, Rosario & Alberola-Borràs, Jaume-Adrià & Mora-Seró, Iván, 2020. "Abiotic depletion and the potential risk to the supply of cesium," Resources Policy, Elsevier, vol. 68(C).
    19. Andreas Manhart & Regine Vogt & Michael Priester & Günter Dehoust & Andreas Auberger & Markus Blepp & Peter Dolega & Claudia Kämper & Jürgen Giegrich & Gerhard Schmidt & Jan Kosmol, 2019. "The environmental criticality of primary raw materials – A new methodology to assess global environmental hazard potentials of minerals and metals from mining," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 32(1), pages 91-107, April.
    20. Steven B. Young & Shannon Fernandes & Michael O. Wood, 2019. "Jumping the Chain: How Downstream Manufacturers Engage with Deep Suppliers of Conflict Minerals," Resources, MDPI, vol. 8(1), pages 1-24, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jeners:v:14:y:2021:i:22:p:7682-:d:680778. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.