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Coal

139 USD/Mt 1.75 (1.28%) (Last updated - September 17, 2024 12:00 AM UTC )
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September 17, 2024 12:00 AM UTC

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Coal is a sedimentary rock that is utilised as a fuel to generate electricity. Chemically, coal comprises mostly carbon and hydrogen bonds and generates energy upon combustion. Coal is among the most prominent non-renewable fossil fuels and is the single largest source of energy used to generate electricity across the globe.

Fossil Fuels are produced from organic matters such as the remains of ancient organisms. Like other fossil fuels, coal takes millions of years to develop and is available in a limited quantity. Conditions during the Carboniferous period (about 360 million to 300 million years ago) would have produced coal. During the Carboniferous period, seas frequently covered the forested regions, trapping algae and plants. Over long periods of time, organic matter was buried and compressed under strata and vegetation.

With organic matter sifting under the earth’s surface, increased pressure and temperature decomposes plant matter at an extremely slow pace, retaining most of its carbon. The partially decayed matter is known as peat and is widely used for heating purposes in many countries.

Under extremely high temperature and pressure conditions, peat is transformed into coal through carbonisation. The vegetative matter is compressed and is reduced to just a third of its original volume. Coal is extracted from underground formations known as coal beds or coal seams, which can be as thick as 30m, stretching over more than 1,500m.

Large formations of coal are distributed across the globe. The countries with the largest coal reserves are the United States, Russia, China, Australia and India.

Code Company Price Chg %Chg High Low Volume Market Cap
AEE Aura Energy Ltd 0.140 0.000 0.000 0.140 0.140 14043 110.625 M
AGE Alligator Energy Ltd 0.042 -0.001 -2.326 0.042 0.042 5917026 162.691 M
ATU Atrum Coal NL 0.005 0.000 0.000 0.005 0.005 -- 13.220 M
AUH Austchina Holdings Ltd 0.001 0.000 0.000 0.001 0.001 -- 2.100 M
BCB Bowen Coking Coal Ltd 0.008 0.000 0.000 0.008 0.007 326149 79.999 M
BHP BHP Group Limited 40.550 -0.350 -0.856 40.550 40.030 6988271 217,970.917 M
BKY Berkeley Energy Ltd 0.340 -0.020 -5.556 0.345 0.340 2755 156.029 M
BLZ Blaze International Ltd 0.006 0.001 20.000 0.006 0.006 250000 3.771 M
BMN Bannerman Resources Ltd 2.840 0.080 2.899 2.870 2.790 493822 510.836 M
BRL Bathurst Resources Limited 0.745 0.000 0.000 0.750 0.735 54042 139.693 M
CKA Cokal Ltd 0.076 -0.001 -1.299 0.076 0.074 146149 88.474 M
CXU Cauldron Energy Ltd 0.014 0.000 0.000 0.014 0.014 456539 18.988 M
DBI Dalrymple Bay Infrastructure Ltd 3.340 -0.010 -0.299 3.350 3.320 213491 1,660.803 M
DYL Deep Yellow Ltd 1.225 0.020 1.660 1.270 1.220 5537475 1,250.967 M
EDE Eden Energy Ltd 0.001 0.000 0.000 0.002 0.001 20668 8.216 M
EME Energy Metals Ltd 0.089 0.000 0.000 0.089 0.089 22673 18.662 M
EPM Eclipse Metals Ltd 0.005 0.000 0.000 0.006 0.005 2205682 13.517 M
ERA Energy Resources Of Australia Ltd 0.003 0.000 0.000 0.003 0.003 2293184 66.445 M
IEC Intra Energy Corporation 0.001 0.000 0.000 0.001 0.001 1000000 1.691 M
KLR Kaili Resources Ltd 0.008 0.000 0.000 0.008 0.008 -- 1.179 M
LAM Laramide Resources Ltd 0.850 0.000 0.000 0.850 0.850 38789 211.625 M
MCM MC Mining Ltd 0.140 -0.015 -9.677 0.140 0.140 27999 78.559 M
MEU Marmota Energy Ltd 0.040 0.002 5.263 0.044 0.039 4308208 39.117 M
MHC Manhattan Corp Ltd 0.001 -0.001 -50.000 0.002 0.001 2024089 4.498 M
NAE New Age Exploration Ltd 0.005 0.000 0.000 0.005 0.004 1123865 10.720 M
NHC New Hope Corporation Ltd 4.730 0.110 2.381 4.760 4.580 1457922 4,049.155 M
PDN Paladin Energy Ltd 7.470 0.590 8.576 7.510 7.090 13497191 2,880.458 M
REY Rey Resources Ltd 0.036 0.000 0.000 0.036 0.036 -- 7.616 M
RNU Renascor Resources Ltd 0.069 -0.001 -1.429 0.070 0.067 3264630 180.470 M
SMR Stanmore Resources Limited 3.160 -0.050 -1.558 3.200 3.125 2111965 2,911.496 M
SOL Washington H Soul Pattinson&Co Ltd 34.350 0.300 0.881 34.440 34.020 339950 12,270.254 M
TER Terracom Ltd 0.230 0.000 0.000 0.245 0.225 2988291 181.819 M
TIG Tigers Realm Coal Ltd 0.003 0.000 0.000 0.003 0.003 -- 39.200 M
TOE Toro Energy Ltd 0.290 0.015 5.455 0.290 0.270 233277 33.679 M
WEC White Energy Company Ltd 0.048 0.000 0.000 0.048 0.038 2300 9.750 M
WHC Whitehaven Coal Ltd 6.690 0.000 0.000 6.750 6.600 3678937 5,797.645 M
YAL Yancoal Australia Ltd 6.260 0.070 1.131 6.320 6.110 2064846 8,780.927 M
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Frequently Asked Questions

Coal is classified on the basis of changes it has undergone over time. Hilt’s law, a prominent classification rule, mentions that the deeper the coal seam is, the greater its rank.

Peat: Peat is an agglomeration of partially decayed vegetative matter, which has undergone little carbonisation.

Lignite: Lignite is the lowest rank of coal and emits a low amount of energy upon combustion. Lignite has a carbon content between 25% and 35%. These are relatively younger coal deposits, which are over 250 million years old.

Sub-bituminous:  Sub-bituminous or black lignite is a coal type with a carbon content of 35% to 45%. This type of coal has a lower heating value than bituminous coal.

Bituminous: Bituminous coal is middle-rank coal with a carbon content between 76% and 86%. This type of coal is typically produced over a period of 300 million years and has an energy density of 27 MJ/kg. High-carbon content and low-moisture content of bituminous coal make it appropriate for usage in cement and steel production along with electricity generation and coke production.

Anthracite: Anthracite is dark black coal and is the highest quality of coal. This coal type holds a carbon content of 86% and 97% and has a very low-moisture content.

Coal is used for a variety of purposes, such as electricity generation, cement production, steel manufacturing, foams and carbon filters, tars, medicines, synthetic petroleum-based fuels and commercial and home heating.

Coal is used in thermal power plants to help in the process of electricity generation. Powdered coal is burnt at high temperatures and by using this heat, water is converted into steam. Steam is then used to turn turbines at high speeds in a strong magnetic field to generate electricity.

As per the International Energy Agency (IEA), coal is the largest source of electricity generation with 35.2% of the global electricity being generated by coal-fired power stations. Furthermore, coal-fired power stations are also the largest single source of carbon dioxide emissions.

More than 40 countries including Canada, Poland, Ukraine, South Korea and Vietnam have agreed to phase out coal-fired power. This decision came at the Glasgow COP26 climate summit. Over 18 countries have already entered into an agreement to stop or phase out investments in any new coal-fired power station in their respective countries and overseas.

In addition, many private organisations including major banks and private equity firms have also pledged to divest their investments in the coal industry. With coal-powered electricity generation contributing significantly to carbon emissions, governments from all across the globe are vowing to either phase out or reduce their nation’s dependence on coal.

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