AIRLINK 80.60 Increased By ▲ 1.19 (1.5%)
BOP 5.26 Decreased By ▼ -0.07 (-1.31%)
CNERGY 4.52 Increased By ▲ 0.14 (3.2%)
DFML 34.50 Increased By ▲ 1.31 (3.95%)
DGKC 78.90 Increased By ▲ 2.03 (2.64%)
FCCL 20.85 Increased By ▲ 0.32 (1.56%)
FFBL 33.78 Increased By ▲ 2.38 (7.58%)
FFL 9.70 Decreased By ▼ -0.15 (-1.52%)
GGL 10.11 Decreased By ▼ -0.14 (-1.37%)
HBL 117.85 Decreased By ▼ -0.08 (-0.07%)
HUBC 137.80 Increased By ▲ 3.70 (2.76%)
HUMNL 7.05 Increased By ▲ 0.05 (0.71%)
KEL 4.59 Decreased By ▼ -0.08 (-1.71%)
KOSM 4.56 Decreased By ▼ -0.18 (-3.8%)
MLCF 37.80 Increased By ▲ 0.36 (0.96%)
OGDC 137.20 Increased By ▲ 0.50 (0.37%)
PAEL 22.80 Decreased By ▼ -0.35 (-1.51%)
PIAA 26.57 Increased By ▲ 0.02 (0.08%)
PIBTL 6.76 Decreased By ▼ -0.24 (-3.43%)
PPL 114.30 Increased By ▲ 0.55 (0.48%)
PRL 27.33 Decreased By ▼ -0.19 (-0.69%)
PTC 14.59 Decreased By ▼ -0.16 (-1.08%)
SEARL 57.00 Decreased By ▼ -0.20 (-0.35%)
SNGP 66.75 Decreased By ▼ -0.75 (-1.11%)
SSGC 11.00 Decreased By ▼ -0.09 (-0.81%)
TELE 9.11 Decreased By ▼ -0.12 (-1.3%)
TPLP 11.46 Decreased By ▼ -0.10 (-0.87%)
TRG 70.23 Decreased By ▼ -1.87 (-2.59%)
UNITY 25.20 Increased By ▲ 0.38 (1.53%)
WTL 1.33 Decreased By ▼ -0.07 (-5%)
BR100 7,626 Increased By 100.3 (1.33%)
BR30 24,814 Increased By 164.5 (0.67%)
KSE100 72,743 Increased By 771.4 (1.07%)
KSE30 24,034 Increased By 284.8 (1.2%)

VILLABLINO: Coal miners in Spain are working their last shifts before all unprofitable mines shut down under a European Union directive in which deposits that no longer make money and receive public funds must stop production by Jan. 1, 2019.

Spain announced in 2016 a 2.13 billion euro ($2.44 billion)plan, backed by Brussels, to ease the closure of 26 uncompetitive coal mines by the end of this year. Mines must return funds if they do not close by the end of 2018.

Coal accounts for under 10 percent of Spain's energy needs, and the majority used in Spain is imported.

High extraction costs have led to the gradual closure of mines in Spain, mostly concentrated in the northern regions of Asturias, Castile and Leon and Aragon. The industry employed around 100,000 people in the 1950s but this has since dwindled to around 2,000.

"La Escondida" is the only functioning coal mine left in the northwestern province of Leon, employs 70 workers and produces 7,000 tonnes of coal per month, owner Grupo Lamelas Viloria said by email.

The group is fighting against closure, saying that it has presented a project to exploit adjoining concessions that are not receiving state aid, it said, estimating there were reserves of several million tonnes in the deposit.

At the deep-shaft "Santiago" mine in Caborara in Asturias, workers dressed in overalls and white helments, their faces smeared with coal dust, pour out of the mining complex after their shift.

Spain's Socialist government agreed a deal in October with unions to smooth workers' access to benefits such as early retirement and earmarked a 250 million euro fund for aiding business ventures and re-purposing disused mines.

The government expects around 60 percent of workers to opt for early retirement.

The closure of coal mines is a thorny issue for the minority Socialist government as it has made environmental issues a keystone of its administration, creating a ministry to oversee the transition to more environmentally-friendly policies.

However, the coal mining communities most affected by these closures are traditionally Socialist voters.

Copyright Reuters, 2018
 

 

 

 

Comments

Comments are closed.