MARKETS

Foreigners and CEZ barred

FOREIGN companies and Czech power company CEZ have been expelled from the race to acquire two Cze...

Angie Tomlinson
Foreigners and CEZ barred

The Czech government recently made the decision to ban the companies from the tenders, which WMRC reported will be challenged by UK firm International Power and CEZ.

The European Commission has also raised concerns, demanding an explanation from the Czech government. The EC stated the exclusion discriminated against European Union member countries.

The plan to privatise Sokolovska uhelna (SU) and Severoceske doly (SD) cannot be derailed by the EC.

Companies that had shown interest in the SD sale included CEZ, the Appian Group, which already holds interests in another Czech mining company, and Switzerland's Triada Holding. Interest in SU has come from the mine's management and trading company Metalimex, Interfax said.

SU, located near the German border, mined 10.4 million tons of coal last year and operates two power plants, which sold 2.6 terawatt-hours last year.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence: Automation and Digitalisation Report 2024

Exclusive research for Mining Magazine Intelligence Automation and Digitalisation Report 2024 shows mining companies are embracing cutting-edge tech

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets