Coal mining market is a vital economic sector for various regions. Coal is a primary fuel used to generate electricity. It is very cheapest and most common source of energy. Coal mining exposes the sulfides (pyrite) in coal and associated rocks to oxygen and moisture. These oxidize sulfides and form sulfuric acid. The resulting acidic waters (acid mine drainage) have a detrimental effect on the biota in water catchment areas downstream of active and disused mines. The oxidation of these sulphides also releases chalcophilic trace elements into the water. Impulsive elements in oxygen-rich surface waters and are also concentrated in stream sediments.
Coal mining operations generate a vast quantity of rocks, rejecting coal and fines which are produced for the duration of washing time. These substances mine from the anoxic subsurface and transfer to the surface for process. Residues from the mining contain different metals like Fe, Mn, Pb, Al, Cu, Zn, etc.
As per analysis, “Coal Mining Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global coal mining market include China Coal Energy Co Ltd; ShenHua Group Ltd.; BHP Billiton Ltd; Coal India Ltd; Rio Tinto Group Ltd. and among others. Leading vendors are deploying numerous growth strategies for instance focusing on using data-driven technologies to increase a competitive advantage.
By type, market can be segregated as bituminous coal and sub-bituminous coal. By mining technology, market can be segregated as underground mining and surface mining. Underground mining is carried-out when mineral deposits are located at distance far beneath the ground to be extracted with the surface mining. In addition, surface mining is a specific form of mining in which soil & rocks covering the mineral deposits are removed. This type of mining carried out when deposits are found closer to the surface. Additionally, by end-user industry, market can be segregated as cement, steel, electricity and others.
Increase in usage of coal in steel manufacturing & electricity generation, followed by growth in population, surge in power generation capacity plans and rapidly increasing industrial & infrastructural development activities are some major factors, which are responsible for growth of the global market Apart from this, environmental concerns surrounding coal-generated power, skills shortages & reductions in free trade and alternative sources of power generation are major hindering factors for market. Moreover, continued reliance on coal from developing economies and emerging market growth are leading opportunities for global market. Furthermore, implementing new policies to encourage the coal sector and employing autonomous vehicles in underground mining are key trends for market.
By regional analysis, the Asia-Pacific is a leading region in global market owing to significant chunk of population and heavily depends on the coal for energy & other purposes across the region. The North-America and Europe regions are anticipated to exhibit considerable growth rate due to increase in mining techniques over the forecast period. It is likely that future of the global market will be optimistic on account of rise in electricity generation coupled with development of coalmine sites during the forecast period.
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Ankur Gupta, Head Marketing & Communications