Alberta to introduce ‘modern’ coal policy, including ban on new open-pit projects
The new policy will not affect those qualified as "advanced coal projects" such as the controversial Grassy Mountain mine.
Czech hard coal miner OKD says it is sticking to a low-risk production portfolio in spite of ‘booming demand’ for coke to make steel.
General Manager Klaus-Dieter Beck told a press conference on Monday that two years ago the company could hardly sell its coking coal, largely used for steelmaking. Now, it can barely keep up with demand. OKD last year produced jut over 6 million tonnes of coking coal, or 52% of total production.
It is estimated there might be around 1.5 billion tonnes of coal around Frenštát, of which some 200 milion – 300 million tonnes might be economically worth exploiting.
