Wednesday 8 October 2014
Poland might introduce system of licences for coal trading
In
order to increase the level of competitiveness in Polish coal market, there
have been intensive discussions over eventual restructuring of this sector. Parliamentary policy-making group,
working on the project proposing amendments to current energy law, suggested
implementation of system of licences on the sale and trading of coal. The system of licensing could prevent Polish coal market from being overflown with illegally imported coal, especially by low-quality coal from Russia.
The most
important element of introduced changes is structure of security deposit,
paid prior to obtaining of the concession (but necessary in order to have it
received). The security deposits, are suggested, to be equal to:
- Security deposit for licence of trading of coke would be equal to 1 mln zlotych (approx. 250 000 euro)
- Security deposit for licencen of trading of black coal with the elements ( 80 % of the traded amount) bigger than 50 mm would be equal to 2 mln zlotych ( approx. 500 000 euro)
- Security deposit for licence of trading of black coal with the elements not bigger than 50 mm would be equal to 20 mln zlotych ( approx. 5 mln euro)
( It is worth
noticing that the coal has not been classified by its type ( according to the
natural features, characterized by plasticity, volatility and ash content, as well as content of carbonate, phosphorus, and sulphur), but by its “size” ).
The system of licence would enable appropriate offices (described further) to better monitor parties trading coal.
Obtaining a
license for coal trading would depend on the satisfying conditions of the EU environmental
norms by the trader who applies for the concession. The deposit would be paid
to Urzad Skarbowy/ the Inland Revenues Office, ( in Poland, Inland Revenues
Office is state budget unit supporting national tax office, which is the
administrative body in the detached area under the Minister of Finance, and
also the tax authority of first instance) but the controlling and eventual punishments
would be the responsibility of URE ( Urzad Regulacji Energetyki; Office of
Energy Regulation).
The project is
still under the discussion and is rising many controversies. Civil servants of
the Inland Revenues Office do not they agree to manage the new law (with the
same number of stuff) and they are pointing out that licenses to trade liquid
fuels are completely management by URE.
There is not
published opinion of the sector on the suggested new legislation. The law aims
at increasing the competitiveness and limit trading of coal from illegal
resources.
The system of licence, apart from improving competitiveness of the sector, definitely will have an impact on the general financial situation in coal mining. As mentioned in previous articles, many Polish coal mines are not financially feasible, mainly due to the import of low-quality (but significantly cheaper) coal from Russia.
Coke and Coal: what's the difference ?
Black coal - sedimentary rock of plant origin, containing 75-97% of carbon, formed mainly in the Carboniferous (Paleozoic era). Coal is widely used as a fuel, although its share in energy production is falling and it is estimated that this tendency will continue. Its calorific value ranges from 16.7 to 29.3 MJ / kg and is strongly dependent on its composition (ash content, sulfur, moisture). The calorific value of pure carbon is approx. 33.2 MJ / kg. Coal is a non-renewable source of energy.
Coke - fuel obtained through industrial coal annealing at a temperature of 600-1200 ° C in a specially constructed flue gases oven (with limited oxygen). This is a fuel with a higher calorific value of the normal fossil coal as it contains at least 90-95% pure carbon, and special grades of coal treated with the appropriate can produce coke with carbon content of 98%
Based on: http://biznes.onet.pl/podkomisja-proponuje-zabezpieczenia-majatkowe-od-i,18567,5660288,1,news-detal
Picture: http://all-len-all.com/wp-content/uploads/2014/07/coal-train.jpg
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