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Released February 23, 2024 | NEW DELHI
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Researched by Industrial Info Resources (Sugar Land, Texas)--Despite the global efforts to transition away from fossil fuels, coal remains essential in meeting the world's energy demands, leading to continued heavy investments toward coal mining. Industrial Info is tracking 1,250 active capital-spending projects worldwide, totaling more than US$142 billion of investment, toward grassroot, plant-expansion and unit-addition projects associated with coal mining, driven largely by the Asia and Oceania regions.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project Database can click here for a full list of related project reports.
As the European Union and the U.S. shift further away from coal-fired power generation, emerging economies in Asia continue to rely heavily on coal, which significantly influences global demand. Asia dominates the global coal-mining market with US$123.98 billion of investment, or about 87% of the global market share. By country, China and India are the top investors, accounting for more than US$119 billion.
Although China pledged to stop building coal-fired power plants overseas as part of its "Belt and Road" initiative, the expanding demand for its domestic energy requirements made China the world's top thermal coal importer in 2023. China imported 325 million tons of coal in 2023, 109 million tons more than it imported in 2022.
China Energy Investment Corporation (Beijing, China) is driving more than US$8.5 billion of investment across 38 projects, including a US$625 million plan to construct an open-pit coal mine to produce 20 million metric tons per year of coal. The project is scheduled to kick off in December. Subscribers can learn more from a detailed project report.
In India, Coal India Limited (Kolkata) is the leading investor in coal mining, with more than US$9.3 billion across 202 projects. About 57% of its total spending is toward grassroot coal mines, including a roughly US$500 million coal field in Sanghamitra, Jharkhand that will produce 20 million metric tons per year. Subscribers can learn more from a detailed project report.
After Asia, Oceania follows with more than US$8.9 billion of investment, driven completely by Australia, which is the world's second-largest thermal coal exporter. As reported by Reuters, Australia exported 198 million tons of coal in 2023, representing an increase of 7% from 2022.
Next in line is Africa, where 70% of its power-generation capacity and about 85% of its electricity is generated by coal. With a total investment of about US$3.3 billion, more than half of the continent's spending is concentrated in South Africa.
Over the past decade or so, domestic coal-fired power generation has declined drastically in North America and Europe due to their adoption of cleaner energy sources and technologies. While Industrial Info is tracking US$3.12 billion worth of spending targeted toward adding new coal-mining capacity in North America, almost all of this spend is focused on expanding production of metallurgical grade coal, which is used primarily in steel production.
On the other hand, Europe continues to invest in adding some conventional thermal coal mining, a decision driven by their strategy of ensuring energy security--especially in the wake of the Ukraine-Russia war. Europe is home to US$2.61 billion worth of coal-mining projects, with most of the investment aimed at the expansion of already existing coal plants. One such project is Bzie Debina U-G Coal Bituminous Mine Expansion Phase II, which is expected to be operational by 2051. Click here for the project report.
Subscribers to Industrial Info's GMI Database can click here to view reports for all of the projects discussed in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project Database can click here for a full list of related project reports.
As the European Union and the U.S. shift further away from coal-fired power generation, emerging economies in Asia continue to rely heavily on coal, which significantly influences global demand. Asia dominates the global coal-mining market with US$123.98 billion of investment, or about 87% of the global market share. By country, China and India are the top investors, accounting for more than US$119 billion.
Although China pledged to stop building coal-fired power plants overseas as part of its "Belt and Road" initiative, the expanding demand for its domestic energy requirements made China the world's top thermal coal importer in 2023. China imported 325 million tons of coal in 2023, 109 million tons more than it imported in 2022.
China Energy Investment Corporation (Beijing, China) is driving more than US$8.5 billion of investment across 38 projects, including a US$625 million plan to construct an open-pit coal mine to produce 20 million metric tons per year of coal. The project is scheduled to kick off in December. Subscribers can learn more from a detailed project report.
In India, Coal India Limited (Kolkata) is the leading investor in coal mining, with more than US$9.3 billion across 202 projects. About 57% of its total spending is toward grassroot coal mines, including a roughly US$500 million coal field in Sanghamitra, Jharkhand that will produce 20 million metric tons per year. Subscribers can learn more from a detailed project report.
After Asia, Oceania follows with more than US$8.9 billion of investment, driven completely by Australia, which is the world's second-largest thermal coal exporter. As reported by Reuters, Australia exported 198 million tons of coal in 2023, representing an increase of 7% from 2022.
Next in line is Africa, where 70% of its power-generation capacity and about 85% of its electricity is generated by coal. With a total investment of about US$3.3 billion, more than half of the continent's spending is concentrated in South Africa.
Over the past decade or so, domestic coal-fired power generation has declined drastically in North America and Europe due to their adoption of cleaner energy sources and technologies. While Industrial Info is tracking US$3.12 billion worth of spending targeted toward adding new coal-mining capacity in North America, almost all of this spend is focused on expanding production of metallurgical grade coal, which is used primarily in steel production.
On the other hand, Europe continues to invest in adding some conventional thermal coal mining, a decision driven by their strategy of ensuring energy security--especially in the wake of the Ukraine-Russia war. Europe is home to US$2.61 billion worth of coal-mining projects, with most of the investment aimed at the expansion of already existing coal plants. One such project is Bzie Debina U-G Coal Bituminous Mine Expansion Phase II, which is expected to be operational by 2051. Click here for the project report.
Subscribers to Industrial Info's GMI Database can click here to view reports for all of the projects discussed in this article and click here for the related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
