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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