This article introduces the 25 international locations with the most important coal reserves on the earth. If you wish to skip the detailed evaluation, you possibly can bounce straight to the 5 international locations with the world’s largest coal reserves.
The international coal trade: an summary
The International Energy Agency studies that coal consumption remained excessive in 2022. While the European Union’s elevated use of renewable vitality sources reminiscent of nuclear and hydropower has minimized coal demand, Asian economies have seen a big enhance in coal use for each kinds of electrical energy. Power era and industrial purposes. You may also examine superior international locations in renewable vitality.
Regionally, Asia nonetheless dominates using coal in energy era and exports, whereas a lot of Europe and North America have restricted coal use. In 2023, roughly 82% of the world’s coal-fired energy era will happen in Asia. Despite restrictions imposed world wide, coal exports and coal consumption in energy crops are growing. In 2023, Indonesia ranked as the highest thermal coal exporter, accounting for greater than half of the 12 months’s thermal coal shipments. Australia, Russia and South Africa have been additionally notable exporters. Meanwhile, main coal importing international locations embody China, India, Japan, and South Korea.
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Companies concerned in coal mining
Alpha Metallurgical Resources, Inc. (NYSE:AMR), Alliance Resource Partners, LP (NASDAQ:ARLP), and CONSOL Energy Inc. (NYSE:CEIX) are a few of the firms concerned in coal mining. Let’s check out what these firms have been as much as.
Alpha Metallurgical Resources, Inc. (NYSE:AMR) is a coal mining firm that operates underground and open pit complexes all through Central Appalachia. On February 26, the corporate introduced sturdy monetary outcomes for the fourth quarter of 2023. Alpha Metallurgical Resources, Inc. (NYSE:AMR) reported earnings per share of $12.88, beating EPS estimates by $3.81. The firm’s income for the quarter was $957.13 million, a rise of 16.56% year-over-year and beat the income consensus by $160.48 million.
Alliance Resource Partners, LP (NASDAQ:ARLP) is the most important coal producer within the japanese United States, delivery 34.4 million tons of coal in 2023. On January 16, the corporate introduced that its wholly owned subsidiary, Matrix Design Group, LLC, signed an settlement with Infinitum. Under the partnership, Infinitum’s motor expertise will likely be built-in into mining gear operated by Alliance Resource Partners, LP (NASDAQ:ARLP), an working subsidiary. This motor expertise from Infinitum tends to be lighter and smaller in comparison with conventional heavy iron core motors. This settlement will present the mining trade with environment friendly, high-performance manufacturing gear.
CONSOL Energy Inc. (NYSE:CEIX) started its first energetic mining operations in 1864. The firm operates the Pennsylvania mining advanced, the Baltimore Marine Terminal, and claims to regulate greater than 1 billion tons of undeveloped reserves. On February 6, CONSOL Energy Inc. (NYSE:CEIX) reported fourth quarter 2023 monetary outcomes. The firm reported earnings per share of $5.05 for the quarter. Revenue for the three months ended December 31, 2023 was recorded at $649.44 million, beating income consensus by $40.54 million.
Now that we have reviewed the worldwide coal market, let’s transfer on to the 25 international locations with the world’s largest coal reserves.
25 international locations with the world’s largest coal reserves
25 international locations with the world’s largest coal reserves
Our methodology:
To compile our record of the 25 international locations with the world’s largest coal reserves, we obtained knowledge from the Energy Institute. The complete confirmed coal reserves of every nation was chosen as our indicator. Latest statistics are quoted from 2020. It additionally mentions the newest complete coal manufacturing for every nation from 2022. Countries are ranked in ascending order of complete confirmed coal reserves.
25 international locations with the world’s largest coal reserves
25. Uzbekistan
Total confirmed reserves: 1.375 billion tons
Uzbekistan ranks as one of many international locations with the most important coal reserves on the earth. According to a report by the Energy Association, Uzbekistan’s complete confirmed coal reserves amounted to 1.375 billion tons in 2020. In addition, Uzbekistan produced 5.4 million tons of coal in 2022.
24. Bulgaria
Total confirmed reserves: 2,366 million tons
Bulgaria can also be a rustic with massive coal reserves. In 2020, the nation had confirmed reserves of two.366 billion tons of coal. The nation’s coal manufacturing reached a report 35.6 million tons in 2022.
23. Mongolia
Total confirmed reserves: 2.52 billion tons
Mongolia’s coal manufacturing is reported to be 39.3 million tons in 2022. As of 2020 information, the nation has 2.52 billion tons of confirmed coal reserves.
22. Greece
Total confirmed reserves: 2,876 million tons
Greece’s confirmed coal reserves amounted to 2,876 million tons in 2020. Greece ranks as one of many international locations with the most important coal reserves on the earth.
21. Hungary
Total confirmed reserves: 2,909 million tons
Hungary additionally ranks as a rustic with wealthy reserves. According to a report by the Energy Association, the nation’s confirmed coal reserves in 2020 have been 2.909 billion tons.
20. Pakistan
Total confirmed reserves: 3,064 million tons
As per 2020 information, Pakistan has confirmed coal reserves of three.064 billion tons. In 2022, the nation produced her 9.9 million tons of coal.
19. Vietnam
Total confirmed reserves: 3.36 billion tons
Vietnam produced 49.8 million tons of coal in 2022. In 2020, Vietnam’s complete confirmed coal reserves have been recorded at 3.36 billion tons.
18. Czech Republic
Total confirmed reserves: 3.595 billion tons
In 2020, complete confirmed coal reserves within the Czech Republic amounted to three.595 billion tons. Therefore, the Czech Republic ranks as one of many international locations with the most important coal reserves on the earth.
17. Colombia
Total confirmed reserves: 4,554 million tons
Colombia is among the many 25 international locations with the world’s largest coal reserves. In 2020, the nation had confirmed reserves of 4.554 billion tons of coal. Colombian coal manufacturing was final reported at 57.5 million tons in 2022.
16. Canada
Total confirmed reserves: 6,582 million tons
Canada can also be a rustic with a few of the highest coal reserves on the earth. The nation held confirmed coal reserves of 6.582 billion tons in 2020. In addition, Canada produced her 45.1 million tons of coal in 2022.
15. Brazil
Total confirmed reserves: 6.596 billion tons
Brazil boasts one of many world’s largest coal reserves. In 2020, the nation had complete confirmed coal reserves of 6.596 billion tons.
14. Serbia
Total confirmed reserves: 7,514 million tons
In 2020, Serbia’s confirmed coal reserves have been 7.514 billion tons. The nation’s final recorded coal manufacturing was in 2022 at 35.1 million tonnes.
13. New Zealand
Total confirmed reserves: 7.575 billion tons
In 2022, New Zealand produced 2.6 million tonnes of coal. This nation has the world’s largest coal reserves. New Zealand’s complete confirmed coal reserves have been recorded at 7.575 billion tonnes in 2020.
12. South Africa
Total confirmed reserves: 9.893 billion tons
South Africa can also be a rustic with the most important coal reserves on the earth. In 2020, the nation had confirmed reserves of 9.893 billion tons of coal. South Africa’s coal manufacturing recorded 225.9 million tonnes in 2022.
11.Turkey
Total confirmed reserves: 11.525 billion tons
According to 2020 information, Turkey has confirmed coal reserves of 11.525 billion tons, making it one of many largest coal reserves on the earth. In 2022, the nation produced her 96.1 million tons of coal.
10. Kazakhstan
Total confirmed reserves: 25,605 million tons
Kazakhstan’s coal manufacturing in 2022 was recorded at 118 million tons. This nation has confirmed coal reserves of 25.6 billion tons in 2020 and ranks as one of many international locations with the most important coal reserves on the earth.
9. Poland
Total confirmed reserves: 28.395 billion tons
Poland produced 107.5 million tons of coal in 2022. As final recorded in 2020, the nation has one of many largest coal reserves on the earth, amounting to twenty-eight.395 billion tons.
8. Ukraine
Total confirmed reserves: 34.375 billion tons
Ukraine additionally ranks because the nation with the world’s largest coal reserves. In 2020, the nation’s confirmed coal reserves have been 34.375 billion tons. This corresponds to her 3.2% of the world’s coal reserves.
7. Indonesia
Total confirmed reserves: 34,869 million tons
In 2020, Indonesia had confirmed coal reserves of 34.869 billion tons. The nation’s coal manufacturing reached a report 687.4 million tons in 2022.
6.Germany
Total confirmed reserves: 35.9 billion tons
Germany produced 132.5 million tons of coal in 2022. The nation additionally has the world’s largest coal reserves. In 2020, Germany’s confirmed coal reserves amounted to 35.9 billion tons.
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Disclosure: None. “25 Countries with the World’s Largest Coal Reserves” initially appeared on Insider Monkey.