Czech Republic Mining Report 2016 - Business Monitor International - Industry Reports

Czech Republic Mining Report 2016

Czech Republic Mining Report 2016 - Business Monitor International - Industry Reports
Czech Republic Mining Report 2016
Published Feb 27, 2016
35 pages — Published Feb 27, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

In January there was further speculation surrounding the future of the Czech Republic s hard coal mines in the east of the country. According to news reports, Czech Minister of Industry and Trade, Jan Mladek said that the mines, which are owned by New World Resources and located in the Ostrava-Karvina coal basin, are likely to face closure by ----. ...We forecast thermal coal prices to fall by -.- to USD--/tonne in ---- and to remain below USD--/tonne through to ----. While the major downsizing in terms of the capacity of the country s coal mining industry is likely to occur after the conclusions of our forecast period in ----, we nevertheless believe that output will continue to contract during the intervening period. We forecast production to fall by -.- in ---- to --.-mn tonnes (mnt); by ---- output will have decreased to --.-mnt. ...We forecast production to fall by -.- in ---- to --.-mn tonnes (mnt); by ---- output will have decreased to --.-mnt. However, in October ---- the government granted permission for miners to expand mining of lignite, or brown coal, beyond the previously set environmental limits.

...Our outlook for Czech coal mining output is increasingly bearish, following growing concerns surrounding the country s hard coal mining sector. We forecast overall coal production to fall by -.- in ---- to --.-mn tonnes (mnt) and to continue declining on an annual basis through to ---- when it will total --.-mnt. � The outlook for the thermal coal sector looks more positive. In October ----, the government approved a plan to develop the mining of lignite, which will reportedly allow miners to expand mining of the commodity beyond the previous environmental limits. The northwest of the Czech Republic is estimated to contain up to ---mnt of lignite deposits. � As such, Czech mining looks set to find itself solely reliant on thermal coal within the next decade. The country s sole uranium mine, Rozna, is due to close in mid-----, though there have been reports of a potential uranium mining being launched at Brzkov from ----.

...We forecast the mining sector s contribution to GDP will remain below -.- per year to ----. In fact, we expect the sector s total contribution to the Czech Republic s GDP to decline from an estimated -.- in ---- to -.- in ----. ...

  
Source:
Document ID
1755-7968
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Czech Republic Mining Report 2016" Feb 27, 2016. Alacra Store. Dec 10, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Czech-Republic-Mining-Report-2016-2026-771>
  
APA:
Business Monitor International - Industry Reports. (2016). Czech Republic Mining Report 2016 Feb 27, 2016. New York, NY: Alacra Store. Retrieved Dec 10, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Czech-Republic-Mining-Report-2016-2026-771>
  
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