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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 dropped by 0.48% in June, finishing on $386/t.

Under the EU’s fifth package of sanctions against Russia, all Russian coal and other solid fossil fuels imports to the EU must stop by 10 August. This has resulted in a drive in the region to secure coal inventories, which, together with rising demand due to improved economic activity and higher gas prices, drove up the price of thermal coal in May. However, after reaching $427/t on 31 May, the price declined ending June on $385.95/t.

Average Australian export hard coking coal prices fell by 21.6% in June. After consistent rises since November 2021 the average monthly coking coal price has fallen in three consecutive months.

Like thermal coal, Russia is a key supplier of coking coal to Europe, although its share of coking coal consumption in the region is around half its share of thermal coal demand. Panic-buying that occurred in March, driving up prices, has since subsided, leading to a drop in prices.

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 2021, followed by China Shenhua Energy and Peabody Energy.

The top ten biggest coal mining companies in the world together accounted for 15% of the global coal output in 2021.

Current Rank Rank 2020 Company Name Headquarters
1 1 Coal India Ltd India
2 2 Peabody Energy Corp United States
3 3 Glencore plc Switzerland
4 4 Siberian Coal Energy Co Russia
5 6 Arch Resources Inc United States
6 5 BHP Australia
7 7 PT Adaro Energy Tbk Indonesia
8 8 Exxaro Resources Ltd South Africa
9 9 PT Bayan Resources Tbk Indonesia
10 10 Alliance Resource Partners LP 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 2021 included China, India and Indonesia.

The top ten biggest coal mining countries together accounted for 94% of the global coal output in 2021.

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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 56.97Mtpa, North Antelope Rochelle Mine in the US topped the list of the world’s biggest coal mines in 2021.

The ten biggest coal mining operations in the world together accounted for 5% of the global coal output in 2021.

Mine Name Country State Owner Mine Type & Method Production 2021 (MTPA)
North Antelope Rochelle Mine United States Wyoming Peabody Energy Corp(100%) Surface & Open Pit 56.97
Black Thunder Mine United States Wyoming Arch Resources Inc(100%) Surface & Open Pit 51.15
Sangatta Mine Indonesia East Kalimantan PT Bumi Resources Tbk(51%), The Tata Power Co Ltd(30%), Mountain Netherlands Investment BV(19%) Surface & Open Cut 49.16
Gevra OC Mine India Chhattisgarh Coal India Ltd(100%) Surface & Open Cast 47.08
Bogatyr Komir Mine Kazakhstan Pavlodar Samruk-Energy(50%), United Company RUSAL Plc(50%) Surface & Open Cast 44.63
Northern Shaanxi Mine China Shaanxi Shaanxi Coal and Chemical Industry Group Co Ltd(100%) Surface and Underground & To be confirmed 35.79
Pasir Mine Indonesia East Kalimantan PT Indika Energy Tbk(91%), ST International Corp(9%) Surface & Open Cut 35.7
Heidaigou Mine China Inner Mongolia China Shenhua Energy Co Ltd(57.76%), China Cinda Asset Management Co Ltd(42.24%) Surface & Open Cut 31.97
Tutupan Mine Indonesia South Kalimantan PT Adaro Energy Tbk(88.5%), Electricity Generating Authority of Thailand(11.5%) Surface & Open Pit 31.8
Belchatow Mine Poland Lodz PGE Polska Grupa Energetyczna SA(100%) Surface & Open Cast 31.5
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 (Inactive)(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
Alpha West Coal Project Australia Queensland GVK Natural Resources Pte Ltd(79%), Hancock Prospecting Pty Ltd(21%) Underground & Longwall Mining 24
Gare Pelma Sector II Coal Block India Chhattisgarh Maharashtra State Power Generation Co Ltd(100%) Surface and Underground & Open Cast/Room and Pillar 23.6
Source: GlobalData Top Global Projects


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