Re:Coal Prices Rising Exponentially
by roenxi on Monday October 11, 2021 @05:42AM
(#28826509)
According to the linked chart, that mine should be making on or about $(240-100)=$140/t in profit - since they were breaking even at $100 and now the price is $240.
That $600k/day fine is therefore about 4,000 tonnes of coal (ie, nothing). The mine produces ~ 76,000 tonnes a day. That is what the free market thinks of the EU's fine.
The situation isn't that simple since the export price is for black coal and the Polish mine would be producing lignite, but ski jump prices are no joke.
That $600k/day fine is therefore about 4,000 tonnes of coal (ie, nothing). The mine produces ~ 76,000 tonnes a day. That is what the free market thinks of the EU's fine.
The situation isn't that simple since the export price is for black coal and the Polish mine would be producing lignite, but ski jump prices are no joke.