Mining coal production in Slovakia

Abstract

The paper aims to describe the development of mining and utilization of black coal in the territory of the Slovak Republic. The authors also try to analyse the state of the financial health of black coal mining companies in our territory. The result of the paper is to provide a compact view of the development of coal mining in the context of the financial health of enterprises in this sector. We compare the development of coal production in Slovakia with the development of coal production in the Czech Republic, Hungary, Poland, Austria and Ukraine. We analyse the development of coal production within the Visegrad group along with the neighbouring state - Ukraine. Mining production in Slovakia decreased 15.70 per cent in November of 2018 over the same month in the previous year. Mining Production in Slovakia averaged -1.08 per cent from 2001 until 2018, reaching an all-time high of 135.30 per cent in July of 2007 and a record low of - 57 per cent in July of 2008.