Proposal of Economic Assessment of Hard Coal Mines Operation Conducted in Polish Conditions with the Use of Cost Benefit Analysis

The paper presents possibilities of an economic evaluation of hard coal mines, using Cost Benefit Analysis (CBA). Suggested methodology for CBA applied to the economic evaluation of a mine allows to conduct a complex evaluation of mine’s functionality in connection to Polish conditions. Additionally to financial aspects, significant from the point of view of the mine’s owner, the paper includes social and environmental effects as a result of mining activities. Proposed methodology has undergone tests which used averaged data obtained from two selected hard coal mines located in the Upper Silesian Coal Basin. Presented results confirm the validity of social costs and benefits, and environmental losses resulting from mining operation, which were included in analysis comprehensively evaluating the efficiency of hard coal mines.