6. 10. 88 Official Journal of the European Communities No L 274/41 (Acts whose publication is not obligatory) COMMISSION COMMISSION DECISION of 8 September 1988 approving aid from Spain to the coal industry during 1988 and additional aid to the coal industry during. 1987 . (Only the Spanish text is authentic) (88/505/ECSC) THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the Eﬁropean Coal and Steel Community, : Having regard to Commission ' Decision No 2064/86/ECSC of 30 June 1986 establishing Community rules for State aid to the coal industry (), Whereas : I By letters of 2 October and 20 October 1987, and 7 January, 16 May and 13 June 1988, the Spanish Government informed the Commission, pursuant to Article 9 (2) of Decision No 2064/86/ECSC, of the financial measures it intends to take during 1988 in order to give direct or indirect support to the coal industry. The following aid is submitted for the approval of the Commission pursuant to abovementioned Decision : (Ptas million) — aid to cover operating losses 49 029,3 — aid to sales of coal and coke to the Community iron and steel industry 1400 — investment aid 605 — aid to promote innovation 350 — compensatory payment of OFICO 8 400 () OJ No L 177, 1. 7. 1986, p. 1. The aid totalling Ptas 49 029 300 000 to cover operating losses has been granted to the Hunosa, Figaredo, Hullasa and La Camocha undertakings in respect of total production of 4 292 000 tonnes to cover the difference for each tonne produced between projected average costs and projected average revenue. This aid will not exceed expected operating losses and hence complies with Article 3 (1) of the Decision. The aid to cover operating losses is intended to facilitate the process of rationalization in the coal industry by staggering pit closures under a regional industrial conversion policy. It thereby helps solve the social and regional problems related to developments in the coal industry in.accordance with the third indent of Article 2 (1) of the Decision. ‘Pursuant to Article 12 of Decision No 2064/86/ECSC coal undertakings are authorized to grant rebates on their list prices or production costs for deliveries of coking coal, coke and coal for injection into blast furnaces in the Community iron and steel industry under long-term contract. These rebates ought not cause the delivered prices of Community coke and coal to work out lower than those which would be charged for coal from non-member countries and coke manufactured from coal from non-member countries. The aid for supplying coking coal, coke and coal for injection into blast furnaces in the Community iron and steel industry (Ptas 1400 million) covers the difference between world market prices and production costs for an output of 200 000 tonnes. This aid is hence compatible with Article 4 of the Decision.