Back 4 - Next 

Turning around a Bosnian coal mine

Stanari mine
Stanari mine, west of Doboj in Republika Srpska

In May 2005 energy trader EFT acquired 72 percent of the Stanari mine and a 30 year concession. The following year, the company bought the remainder of the shares. The granting of a concession to a private investor was a novelty in the Western Balkans, where most coalmines are still owned by public companies. Things started to change almost immediately.

A new director was hired and the company took on more qualified personnel. EFT made investments in machinery totalling  5 million in 2005.[9] Production methods changed as a result.[10] In 2004, annual output of coal had been less than 200,000 tonnes. In 2006, it was able to extract about 1,600 tonnes of coal per worker, compared to an average figure across Bosnian coalmines of 500 tonnes.[11] In 2007, output was 800,000 tonnes of coal.

In 2004 the Stanari mine had employed 302 miners. It had struggled to pay an average wage of 413 KM. By 2007 employment has risen to 372 workers, and the average wage had grown to 716 KM.[12]

Table: Output in Stanari coalmine 1998-2007[13]

Year

Coal (tonnes)

Overburden (m3)

1998

122,000

 

1999

60,000

 

2000

51,800

165,000

2001

38.251

120,000

2002

104,000

150,000

2003

152,000

276,000

2004

198,200

780,000

2005

268,885

1,618,000

2006

512,115

4,130,000

 Back 4 - Next