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Global Coal Market Trends

Coal is the single biggest source of electricity accounting for one-third of global power generation. Global coal mining is forecast to reach 8,776.5 million tonnes (Mt) in 2025, according to GlobalData.

Mining Technology tracks the global coal market by analysing coal price trends and country-wise coal production, consumption, and export and import data. We also monitor the performance of coal mining companies and major coal mines around the world.

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GlobalData forecasts data for 15 commodities of 60 leading mining countries, with 70 reports per year covering supply & demand, key projects, activities of major mining companies and fiscal regimes.

Coal Price Trend: Trailing 12 Months

Mining Technology showcases the monthly coal prices and the global coal price trend over the last 12 months.

The thermal coal price rocketed to over US$400/t in early March.

After an already steep rise in January and February, linked to a ban on coal exports by Indonesia, the price of thermal coal hit US$440/t in early March as some countries looked to ban Russian coal. Russia is a major supplier of coal to parts of Europe, and the market is already tight with little to no surplus.

By the end of the month prices had dropped back down to US$259/t, still over four times higher than the average price in 2020.

Average Australian export hard coking coal prices were estimated to have risen by 13.7% in March.

Coking coal prices continued to rise in March, passing US$450/t. Like thermal coal, Russia is a key supplier of coking coal to Europe, although its share of the coking coal consumption in the region is around half its share of thermal coal demand.

Top Coal Mining Companies by Production

Mining Technology ranks the world’s top coal mining companies (by production) by comparing the annual output of hundreds of large coal companies operating in different parts of the globe.

Coal India was the world’s biggest coal mining company in 2020, followed by China Shenhua Energy and Peabody Energy.

The top ten biggest coal mining companies in the world together accounted for 21% of the global coal output in 2020.

Current Rank Rank 2019 Company Name Headquarters
1 1 Coal India Ltd India
2 2 China Shenhua Energy Co Ltd China
3 3 Peabody Energy Corp United States
4 7 China National Coal Group Corp China
5 4 Glencore plc Switzerland
6 5 Yanzhou Coal Mining Co Ltd China
7 6 Siberian Coal Energy Co Russia
8 8 PT Bumi Resources Tbk Indonesia
9 10 BHP Australia
10 9 Arch Resources Inc United States

Source: GlobalData

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Largest Coal Mining Countries

The global leaders in coal production are drawn from GlobalData’s comprehensive database that covers major coal mining countries in the world.

The world’s largest coal mining countries in 2020 included China, India and Australia.

The top ten biggest coal mining countries together accounted for 92% of the global coal output in 2020.

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Biggest Coal Mines in the World

GlobalData closely monitors and compares the production of major coal mining projects to identify the world’s biggest coal mines.

With a production of 59.96Mtpa, North Antelope Rochelle Mine in the US topped the list of the world’s biggest coal mines in 2020.

The ten biggest coal mining operations in the world together accounted for 6% of the global coal output in 2020.

Mine Name Country State Owner Mine Type & Method Production 2020 (MTPA)
North Antelope Rochelle Mine United States Wyoming Peabody Energy Corp(100%) Surface & Open Pit 59.97
Sangatta Mine Indonesia East Kalimantan PT Bumi Resources Tbk(51%), The Tata Power Co Ltd(30%), Mountain Netherlands Investment BV(19%) Surface & Open Cut 49.3
Gevra OC Mine India Chhattisgarh Coal India Ltd(100%) Surface & Open Cast 49
Kusmunda OC Mine India Chhattisgarh Coal India Ltd(100%) Surface & Open Cast 47
Black Thunder Mine United States Wyoming Arch Resources Inc(100%) Surface & Open Pit 45.53
Bogatyr Komir Mine Kazakhstan Pavlodar Samruk-Energy(50%), United Company RUSAL Plc(50%) Surface & Open Cast 43.34
Tutupan Mine Indonesia South Kalimantan PT Adaro Energy Tbk(88.5%), Electricity Generating Authority of Thailand(11.5%) Surface & Open Pit 38.66
Daliuta-Huojitu Mine China Shaanxi China Shenhua Energy Co Ltd(100%) Underground & Longwall Mining 37.55
Northern Shaanxi Mine China Shaanxi Shaanxi Coal and Chemical Industry Group Co Ltd(100%) Surface and Underground & To be confirmed 35.8
Heidaigou Mine China Inner Mongolia China Shenhua Energy Co Ltd(57.76%), China Cinda Asset Management Co Ltd(42.24%) Surface & Open Cut 32.77

Source: GlobalData

Major Upcoming Coal Mines

GlobalData lists the major upcoming coal mines in the world by comparing annual production capacities of upcoming coal mining projects.

Xinjie Taigemiao Project in China is the biggest upcoming coal mine in the world, with an annual production capacity of 62Mtpa.

Siarmal Open Cast Project in India and Alpha North Coal Project in Australia are the next major upcoming coal mines with capacities of 50Mtpa and 40Mtpa, respectively.

Mine Name Country State Owner Mine Type & Method Annual Production Capacity (MTPA)
Xinjie Taigemiao Project China Inner Mongolia China Shenhua Energy Co Ltd(70%), Undisclosed(30%) Underground & To be confirmed 62
Siarmal Open Cast Project India Odisha Coal India Ltd(100%) Surface & Open Cast 50
Alpha North Coal Project Australia Queensland Mineralogy Pty Ltd(100%) Surface and Underground & Open Cut/Longwall Mining 40
Galilee Coal Project Australia Queensland Mineralogy Pty Ltd(100%) Surface and Underground & Open Cut/Longwall Mining 40
China Stone Coal Project Australia Queensland Meijin Energy Group(100%) Surface and Underground & Open Cut/Longwall Mining 38
East Kutai Coal Project Indonesia East Kalimantan Churchill Mining PLC(75%), Ridlatama Group(25%) Surface & Open Pit 30
Kevin’s Corner Mine Australia Queensland GVK Natural Resources Pte Ltd(100%) Surface and Underground & Open Cut/Longwall Mining 30
Alpha Coal Project Australia Queensland GVK Natural Resources Pte Ltd(79%), Hancock Galilee Pty Ltd(21%) Surface & Open Cut 30
Bhubaneshwari Opencast Expansion Project India Odisha Coal India Ltd(100%) Surface & Open Cast 28
San Juan Coal Project Colombia La Guajira Yildirim Group(100%) Underground & Longwall Mining 25

Source: GlobalData



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