EU COAL REPORT
February 1st, 2004
BY KEITH NUTHALLA COMPREHENSIVELY gloomy forecast for the future of the European Union (EU) coal industry has been issued by the European Commission, underlining its determination to press for closures of most unprofitable mines to trim Brussels' and Member States' state aid budgets.The report on 'Investment in the Community Coal and Steel Industries' for 2001 and 2002 by the European Commission contains the latest available comparative figures issued by Brussels on the EU coal sector.It noted that for capital expenditure, 2002 forecasts showed a major decrease ...
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