The Global Coal, Lignite And Anthracite Mining Market Is Valued At Over $855 Billion In 2017


Posted July 12, 2018 by sainath

Asia Pacific was the largest region in the coal, lignite, and anthracite mining market in 2017, accounting for more than 70% market share. China was the largest country in the market in 2017, accounting for nearly 55% market share.

 
Coal mining industry primarily covers mining of bituminous, anthracite, and lignite coal by underground mining, strip mining, culm bank mining, and other surface mining techniques. It also includes the development of coal mine sites, and improvement of coal, including cleaning, washing, screening, and sizing of coal.

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The market is valued at over $855 billion in 2017 due to the increased regulations with respect to depletion of fossil fuels and carbon emissions.

The coal, lignite and anthracite mining market in The Business Research Company’s report is segmented into three segments, namely coal mining, lignite mining and anthracite mining. While the first segment accounts for more than four-fifth of the market share, the remaining share is attributed to the other two segments.

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China was the largest country in the coal, lignite and anthracite mining market in 2017, accounting for more than half of the market share. This was mainly due to the country’s large available coal reserves, consumer population, and increasing energy demand that led to a rise in consumption of coal. China was followed by the USA and Australia as the next largest countries in the market.
Coal India Limited was the largest competitor in the coal, lignite and anthracite mining market, followed by ShenHua Group and BHP Billiton Ltd. Coal India is the single world’s largest coal mining company and contributes for major amount of coal production in India. The company is headquartered in Kolkata, West Bengal and employees 322 thousand people globally. The company has 8 fully owned Indian subsidiary throughout India and one subsidiary in Mozambique called Coal India Africana Limitada.

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Tags anthracite mining market report , coal lignite and anthracite mining global market report 2018 , coal mining market report , lignite mining market report , underground mining market report
Last Updated July 12, 2018