Industry Analysis & Industry Trends
Coal continues to play a vital role in global electricity generation markets and, consequently, the industry has recovered strongly from the global recession. While the Global Coal Mining industry's performance suffered during the recession, it rebounded strongly in 2010 and 2011. Despite environmental concerns about coal's high carbon content, countries still heavily rely on coal to provide electricity to their populations. In the coming years, the worldwide output of coal is expected to continue expanding in response to growing demand from electricity generators and steel producers... read more
The geographic spread of coal production primarily reflects the distribution of coal resources. Total recoverable reserves of coal worldwide stand at about 910 billion metric tons. Black coal accounts for about 83.0% of global coal reserves and brown coal for the remaining 17.0%.
Although coal deposits are widely distributed, about 67.0% of the world's recoverable reserves are located in four countries: the United States (27.0%), Russia (17.0%), China (13.0%) and India (10.0%). Not surprisingly, the regions in which these countries are located (North America, Europe, North Asia, and India and Central Asia, respectively) are the main coal producing areas.
The great bulk of North Asia region's coal production comes from China... read more