Coal is a global resource, its demand and price fluctuates frequently.
In upcoming years the demand of coking coal will increase because of the
requirement of developing countries for production of steel. The aim of coal
mining is to extract coal from the ground. Mining of different types of coal
takes place either underground or in surface pits. Most of the coal mines
consist of bituminous, anthracite or lignite type of coal.
The developing countries have more demand for metallurgical coal for
steel production. Further, the demand of electricity is expected to expand
which will offer some relief to the coal mining operators. The opportunities
for coal mining industries will be the emerging industries which demand
high quantity of metallurgical coal may be at higher rates in order to meet
steel requirements. Furthermore the demand for electricity is rising which will
offer relief to the operators of coal mining industry. There is expectation of
decrement in coal prices due to slow economic growth of the global market,
slower growth in developing economies will harm demand for metallurgical coal
and prices will decline. The mining industry of coal has seen decrement in past
few years mainly because of electricity generation through natural gas, nuclear
energy, etc. which has ultimately increased competition for industry. Also
natural gas may reduce the demand for coal as there are other sources to
generate electricity which is rising globally.
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The thermal coal and
metallurgical coal is obtained from underground mines and surface mines. The
markets largely covered under the coal mining industry are North America (U.S.,
Canada), Asia Pacific (India, China, Indonesia, Australia). The
Asia-pacific region is having one of the largest coal reserves which are
followed by Europe and North America. China has contributed more than 65% of
total regional coal production making it largest coal producer in the world.
The application of mining industry can be seen in residential, industrial and
commercial area also power generation and transportation. The basic methods for
mining are surface mining and deep underground mining and the technologies
being used in mining of coal are horizontal drilling and hydraulic fracturing.
Some of the key players
of the market include Arch Coal Inc., Alpha natural resources, Peabody energy
corporation, CONSOL Energy Inc.
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research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this
research report include
- North America
- Asia Pacific
- Europe
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