Germany Mining 2018
BMI View: Germany's mining sector is one of the largest in Europe, and is focused predominantly on the production of lignite, or thermal coal. Nonetheless, the new coalition government looks to be reneging on its commitment to achieve emissions reduction of 40% compared to 1990. BMI believes that this is due to the fact that the country's power industry is still heavily reliant on lignite-fired power production. While the mining of hard coal is likely to cease permanently within our 2017-2022 forecast period, we believe lignite will remain central to the country's energy production mix until 2021 at the very least, and will continue to account for more than 40% of electricity generation until this point. By contrast, the country has made efforts in pursuing lithium mining and a number of companies are already making headway in exploring for the mineral in Saxony region.
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