On a global scale coal is the second most utilized raw material in terms of energy in the world, right after oil. The overall worldwide yearly consumption is estimated to be approximately 5.3 billion tons. Around three quarters of this quantity is used in power plants – though different sources vary considerably in this respect. Retaining the current level of consumption, the known stock of all coal types would last for some 300 years. In the recent years an increasing trend in coal consumption for energy purposes is marked – for example between 2001 and 2004 consumption grew by 25 percent.
The problem of current utilization of coal in power plants is the low efficiency of its conversion to electricity (around 40 percent is stated with modern units) and the pollution produced. The developed countries therefore are making a substantial effort in development of new methods of conversion of coal to electricity.
The world’s large producers and consumers:
Recently, China has had a considerable impact on the coal situation. It is the biggest exporter of coal in the world and at the same time its biggest consumer.
Due to its own precipitate develpoment China still limits exports which has led to substantial growth of prices. For this reason too the production of coal is again starting to be interesting in terms of economics.
A similarly precipitate development in this sphere has been going on in India.
It is stated that the overall yearly consumption in the region comprising China, India and several smaller but rapidly expanding economies is 1.7 billion tons. 90 percent of this figure is consumed for production of electricity.
Russia represents an important world coal producer as well as consumer; it possesses the second largest verified stock (after the USA). It is also a significant exporter.
Traditionally, an important player concerning coal is the USA. It possesses the largest verified stock in the world and it is the second biggest producer (after China). Each year approximately one billion tons of coal mostly of domestic origin is consumed there. The production of electricity in the country is 75 percent from coal, according to other sources this share amounts up to 90 percent.
The USA is also a traditional exporter, however the volume of export has been decreasing in the long term.
OKD, a.s., has been currently exposed to fraudulent activity by unknown individuals in Germany.
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This policy was adopted by the Board of Directors of New World Resources Plc on 15 November 2011 and shall have immediate effect.
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The Board of Directors of OKD has adopted a Company code of ethics that is obligatory for all the employees of the firm. It defines basic values and attitudes to enterprise that OKD conforms to in the course of its business activities.
The code of ethics is not any binding rule of law or internal directive, it represents, however, a moral obligation for each employee of OKD.