Industry Analysis & Industry Trends
The global recession negatively impacted the Global Coal Mining industry's performance, as both thermal and metallurgical coal prices tanked in light of reduced downstream demand. However, their prices recovered rapidly as demand for electricity generation stabilized, especially in the developing world. The importance of coal in electricity markets is present in both developed and developing worlds; in the future, coal is expected to continue supplying the world with reliable and affordable energy. In the five years to 2021, demand for coal is anticipated to be moderate. Developing nations will continue expanding their infrastructures to supply their populations with reliable and affordable electricity.
... read more
The Global Coal Mining industry produces two types of coal: black coal and brown coal (also known as lignite). Black coal can be further broken down into thermal coal and coking coal. Coal is categorized based on its contents of carbon (i.e. energy) and moisture, which in turn determine its value.
Thermal coal (also known as steaming coal) is used to convert to electricity as a source of energy. Thermal coal generally contains less carbon than coking coal, making it unsuitable for steel making; instead, it has relatively high energy content, thus suiting it for electricity generation. Currently, an estimated 73.8% of global coal production (by volume) consists of thermal coal... read more