- Write by:
-
Saturday, October 27, 2018 - 11:14:00 AM
-
988 Visit
-
Print
Mining News Pro - Spain will close most of its coal mines by the end of the year after government and unions reached a deal that will see €250 million invested in mining regions over the next ten years, The Guardian reported today.
According to Mining News Pro - Spain will close most of its coal mines by the end of the year after government and unions reached a deal that will see €250 million invested in mining regions over the next ten years, The Guardian reported today.
Pedro Sánchez’s new administration reportedly moved quickly on environmental policy, killing a controversial solar industry “sunshine tax”, and announced a national climate plan will be launched in November.
The mining deal covers Spain’s privately-owned pits, and mixes early retirement plans for miners over 48, environmental restoration initiatives and re-skilling plans for green industries.
Over 1,000 miners and subcontractors will be out of work when 10 pits close by the end of 2018. Many of the sites were uneconomic, and the European Commission provided over €2 billion in aid to keep some of the sites open temporarily.
About 600 workers in Spain’s northern mining regions – Asturias, Aragón, and Castilla y León – will be able to benefit from social aid under the scheme, while approximately 60% of the miners may opt for early retirement.
Spain’s coal industry employed more than 100,000 miners in the 1960`s, but its energy dominance was eroded by cheap imports and the industry’s environmental, health and climate costs. National coal provides just 2.3% of Spain’s electricity, the Guardian reported.
In 2016, 23,000 early deaths in the EU were reported from coal-plant pollution.
Short Link:
https://www.miningnews.ir/En/News/288888
Coal India Ltd., the world’s largest producer of the commodity, reported a 26% increase in fourth-quarter profit, driven ...
BHP Group can’t cherry pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters, ...
When former boss Mark Cutifani left Anglo American Plc in mid-April 2022, things had rarely looked better for the ...
Teck Resources, Canada’s largest diversified miner, saw its copper production jump by 74% in the first three months of ...
Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.
Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.
BHP Group Ltd. proposed a takeover of Anglo American Plc that values the smaller miner at £31.1 billion ($38.8 billion), ...
China’s state planner on Friday finalized a rule to set up a domestic coal production reserve system by 2027, aimed at ...
The world’s coal-fired power capacity grew 2% last year, its highest annual increase since 2016, driven by new builds in ...
No comments have been posted yet ...