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QL

Coal

134.75 USD/Mt 0.05 (0.04%) (Last updated - July 15, 2024 03:27 PM UTC )
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About

Performance USD/oz Change
5 Day 0%
1 Month 2.04%
3 Months 4.66%
6 Months 6.27%
52 Week 0.56%

July 15, 2024 03:27 PM 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 0.010 7.692 0.140 0.125 1182874 118.295 M
AGE Alligator Energy Ltd 0.044 -0.001 -2.222 0.044 0.042 4743514 189.620 M
ATU Atrum Coal NL 0.005 0.000 0.000 0.005 0.005 -- 13.220 M
AUH Austchina Holdings Ltd 0.003 0.000 0.000 0.003 0.002 1153013 4.201 M
BCB Bowen Coking Coal Ltd 0.040 -0.004 -9.091 0.045 0.040 4069594 128.161 M
BHP BHP Group Limited 42.200 1.010 2.452 42.290 41.690 4015933 210,772.787 M
BKY Berkeley Energy Ltd 0.340 -0.010 -2.857 0.340 0.340 7187 156.029 M
BLZ Blaze International Ltd 0.004 -0.001 -20.000 0.004 0.004 851420 2.514 M
BMN Bannerman Resources Ltd 2.780 0.050 1.832 2.800 2.700 322193 504.471 M
BRL Bathurst Resources Limited 0.795 -0.020 -2.454 0.810 0.795 4681 154.045 M
CKA Cokal Ltd 0.086 -0.001 -1.149 0.086 0.083 79147 92.790 M
CXU Cauldron Energy Ltd 0.027 0.001 3.846 0.027 0.026 255123 35.569 M
DBI Dalrymple Bay Infrastructure Ltd 3.035 0.005 0.165 3.040 3.020 47583 1,502.159 M
DYL Deep Yellow Ltd 1.215 0.060 5.195 1.220 1.140 2954691 1,172.833 M
EDE Eden Energy Ltd 0.002 0.000 0.000 0.002 0.002 1416761 7.427 M
EME Energy Metals Ltd 0.072 -0.003 -4.000 0.072 0.072 852 15.726 M
EPM Eclipse Metals Ltd 0.007 0.000 0.000 0.007 0.007 -- 15.756 M
ERA Energy Resources Of Australia Ltd 0.035 0.001 2.941 0.036 0.034 280459 797.337 M
IEC Intra Energy Corporation 0.001 -0.001 -50.000 0.001 0.001 400000 3.382 M
KLR Kaili Resources Ltd 0.008 0.000 0.000 0.008 0.008 -- 1.179 M
LAM Laramide Resources Ltd 0.740 0.000 0.000 0.740 0.740 -- 184.156 M
MCM MC Mining Ltd 0.140 0.000 0.000 0.140 0.140 -- 57.962 M
MEU Marmota Energy Ltd 0.043 0.000 0.000 0.043 0.042 503452 46.723 M
MHC Manhattan Corp Ltd 0.002 0.000 0.000 0.002 0.002 -- 2.937 M
NAE New Age Exploration Ltd 0.004 0.001 33.333 0.004 0.004 5576436 6.279 M
NHC New Hope Corporation Ltd 4.770 0.060 1.274 4.800 4.730 512923 3,981.528 M
PDN Paladin Energy Ltd 11.460 0.120 1.058 11.580 11.160 862553 3,521.977 M
REY Rey Resources Ltd 0.056 0.000 0.000 0.056 0.056 -- 11.848 M
RNU Renascor Resources Ltd 0.088 0.001 1.149 0.090 0.088 3031117 221.101 M
SMR Stanmore Resources Limited 3.725 0.015 0.404 3.780 3.710 189808 3,344.127 M
SOL Washington H Soul Pattinson&Co Ltd 34.780 0.070 0.202 34.940 34.635 82277 12,630.253 M
TER Terracom Ltd 0.202 -0.003 -1.463 0.205 0.200 536357 164.198 M
TIG Tigers Realm Coal Ltd 0.003 -0.001 -14.286 0.003 0.003 6634 39.200 M
TOE Toro Energy Ltd 0.320 0.010 3.226 0.320 0.315 8618 37.287 M
WEC White Energy Company Ltd 0.043 0.000 0.000 0.043 0.043 -- 8.556 M
WHC Whitehaven Coal Ltd 7.905 0.135 1.738 7.945 7.740 1948201 6,500.390 M
YAL Yancoal Australia Ltd 6.790 0.050 0.742 6.870 6.710 936626 9,229.876 M
* Data powered by EODHD®. Data delayed 20 minutes unless otherwise indicated.

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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