Coking coal remains on the European Commission's 2017 revised list of Critical Raw Materials. This will aid European steel makers - including the newly-formed ThyssenKrupp Tata Steel Joint Venture – which look to supply a changing automobile industry and numerous infrastructure programs.
- Increasing demand for ultra-low emission vehicles is expected to drive growth in steel supply to the European automobile industry - almost 0.5 t of coking coal are required to produce the structural, electrical and plated steel for each electric car.
- UK infrastructure projects including the HS2 Rail Line and the construction of the Hinkley Point C Nuclear Power Station are expected to use over 3 million t of steel – the equivalent to 375 London Olympic Stadiums.
- According to BHP Billiton, China's Belt and Road Initiative to advance globalisation and trading - and which includes several European countries including Poland - could result in up to 150 million t of incremental steel demand.
- Prairie Mining's two large-scale Tier 1 assets are ideally positioned to supply coking coal to meet Europe's steel demand in the future.
Ben Stoikovich, CEO of leading hard coking coal supplier, Prairie Mining commented: "Following coal quality testing that demonstrated premium quality ultra-low ash semi-soft coking coal at Jan Karski, it is clear that we hold one of the most advanced coking coal projects of significant scale in the Northern Hemisphere.
"At Debiensko, we continue works in order to restart the mine at a time when long term coking coal supply has become increasingly important to the European steel industry," he added.
Read the article online at: https://www.worldcoal.com/coal/31102017/coking-coal-reconfirmed-as-a-critical-raw-material-by-the-european-commission/