15 Largest Coal Companies in the World

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fifteen largest coal companies in the globe. Click to skip alee and jump to the
v largest coal companies in the world.

The coal manufacture is one of the almost controversial industries in the world, which may non be equally big every bit information technology once was, simply it is nevertheless one of the most of import industries in the globe also. While the world, and economically developed countries in particular, have pushed for renewable energy resources to create electricity rather than relying on fossil fuels considering of how dissentious they are to the environment, coal is still responsible for at to the lowest degree 38% electricity generation in the world, and in 2019, really registered a 2% increase in the seaborne coal trade. Of the fossil fuels, coal is easily the most prevalent, and accounts for 64% of the total recoverable fossil fuels in the world. Even in 2021, the expectation is that there will be a further increase in the seaborne coal trade, especially due to higher import of coal in developing economies such as Malaysia, People’s republic of bangladesh, Vietnam, Pakistan and Philippines. In fact, these are likewise some of the countries responsible for the high increase in 2019 coal volumes, with India, China, Philippines and Vietnam beingness the biggest contributors. The generation of electricity in these countries is peculiarly important because of the fact that they do non have electricity for a vast number of their citizens and globally, over 1.four billion people practise not have electricity. Thus, balancing the need for an increase in electricity generation with a decrease in greenhouse gases emission is a tricky balancing act which the world needs to figure out and soon.

Europe has been leading the way in reduction of coal usage, which is why you will non discover many such companies in this list. The negative effects of burning of fossil fuels to produce electricity have been documented for decades and to reduce the usage of such raw materials, these companies have issued regulations to cutting down on production of coal to gainsay global warming and preserve the world for future generations. This is why despite coal existence the primary raw textile globally for electricity product, its consumption declined in 2019 and its contribution to primary free energy was the everyman in the concluding 16 years. Furthermore, this isn’t an exception to the dominion; in the last six years, this is the fourth year that coal consumption has decreased in a year on year comparing. The countries in the System for Economically Developed Countries registered its lowest coal consumption since 1965, when records were first maintained regarding coal consumption.

Coal mine, coal mines
Coal mine, coal mines

Copyright: vyacheslavsvetlichnyy / 123RF Stock Photo

Of course, the vast majority of the world’due south population resides in undeveloped and developing economies, particularly in Asia and Latin America, and that is likewise where the vast need for coal lies, equally mentioned earlier. And fifty-fifty despite international pressure, the coal industry is going nowhere in the near hereafter. Indonesia is the largest exporter of coal, having taken over the mantle from Australia, though you can learn more from the 10 countries that export the almost coal in the world.

When the Covid-19 pandemic hit the globe in 2020, information technology flipped everything on its caput, including all predictions and forecasts related to any industry. The pandemic has infected over l million people and killed more than than 1.2 1000000 people, and to gainsay the virus, nearly countries across the world went into lockdown to prevent it from causing even further catastrophe. Because of this, a lot of industries came to a half, including the coal industry. Indonesia, existence the leading global exporter of coal is a good indicator, and in 2020, its exports accept fallen to their lowest levels in a decade. As most businesses across the world were shut for a long time, and with the second wave already forcing lockdowns once again, the demand for electricity past industries savage significantly also, and the slight increase in residential need for electricity equally stay at home orders were issued but partially start the fall in demand. Even in July, when most countries had opted to partially or completely elevator the lockdown, electricity demand was 5% below 2019 levels, and now that countries are closing up once again as a more than lethal second wave hits the world, demand is going to plummet one time once more, which may lead to overstocking for many coal companies. In fact, at that place are some thoughts that the coal industry may never recover from the pandemic, which will spell doom for some of the biggest coal companies in the world.

Most companies, which engage in the production of coal, as well engage in the production and mining of other minerals, and it is near impossible to divide them. Therefore, what we accept washed is considered for our list, all companies which produce or mine or even generate electricity through coal at least every bit part of their business no thing what other endeavors they may undertake every bit well. With that in mind, we sought out Forbes to confirm the market cap of the company, its acquirement, operating profit and the full assets it possessed every bit well. All of these companies generate billions in acquirement and many of them have assets in the tens of billions of dollars. Then without further ado, permit’s have a expect at the companies most likely to survive the outcome of the pandemic on the coal manufacture, starting with number 15:

15. Anglo American Platinum (JSE:AMS)

Market cap of the company (in billions of dollars): N/A

Total revenue in latest fiscal year (in billions of dollars): 6.iv

Total turn a profit in latest financial twelvemonth (in millions of dollars): 1,623

Total assets of the visitor (in billions of dollars) 6.7

Anglo American Platinum was founded only 25 years ago in 1995, and is based in South Africa. It also engages in the product of other products apart from coal and is in fact the largest platinum producer in the world.

Pixabay/Public Domain

xiv. Teck Resources (NYSE:TECK)

Market place cap of the visitor (in billions of dollars): 4.7

Full revenue in latest fiscal twelvemonth (in billions of dollars): 8.4

Total profit in latest fiscal year (in millions of dollars): -453.1

Full assets of the company (in billions of dollars) 27.ii

Teck Resources is a public Canadian visitor, listed on multiple stock exchanges and is engaged in mining diverse minerals, which include zinc and copper in addition to coal. It currently has over 10,000 employees.

Teck Resources Ltd (USA) (NYSE:TCK)
Teck Resources Ltd (United states) (NYSE:TCK)

Pixabay/Public Domain

thirteen. Shaanxi Coal and Chemical Industry

Marketplace cap of the company (in billions of dollars): 10.4

Total revenue in latest fiscal year (in billions of dollars): 9.two

Full turn a profit in latest fiscal year (in millions of dollars): ane,600

Total avails of the visitor (in billions of dollars) 17.iv

The reason why many companies in China are likewise some of the largest companies of their respective industry isn’t only considering China is a huge land with the highest population in the world and the earth’southward second biggest economy, but too considering it has giant state owned companies, such as Shaanxi Coal and Chemical Industry.

Pixabay/Public Domain

12. Sasol (NYSE:SSL)

Market cap of the visitor (in billions of dollars): 2.9

Total revenue in latest fiscal year (in billions of dollars): xiii.8

Full profit in latest financial year (in millions of dollars): -442

Total assets of the visitor (in billions of dollars) 34.8

Sasol is some other South African company in our listing of biggest coal companies in the globe, and was founded 7o years ago in 1950. It currently has over 30,000 employees and while it actually made a loss recently, its revenues and avails are still sky high.

Sasol Limited (ADR) (NYSE:SSL)
Sasol Limited (ADR) (NYSE:SSL)

Pixabay/Public Domain

11. CEZ Group (PSE:CEZ)

Market cap of the visitor (in billions of dollars): 10

Total revenue in latest fiscal year (in billions of dollars): 9.2

Total turn a profit in latest fiscal year (in millions of dollars): 529.6

Full assets of the company (in billions of dollars) 31.1

This Czech conglomerate actually has nearly 100 companies under its umbrella, and coal extraction is a major part of its portfolio. Information technology was founded back in 1992 and has over 31,000 employees.

Pixabay/Public Domain

10. Coal India (NSE: Coal India)

Market cap of the visitor (in billions of dollars): 12.3

Total revenue in latest fiscal year (in billions of dollars): 13.8

Total turn a profit in latest financial year (in millions of dollars): two,600

Total avails of the visitor (in billions of dollars) 19.7

No matter what industry you consider, the largest republic in the world generally sees i or two entrants at the very least, and the aforementioned holds true for coal companies with Coal India, and is responsible for 82% of the total coal production in the state.

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csx, train, appalachian, rail, winter, railway, chesapeke and ohio, power, business, coal, infrastructure, freight, countryside, free energy, transport, cargo, due west virginia, sd 70ac,

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9. Wesfarmers (ASX:WES)

Market cap of the visitor (in billions of dollars): 28

Total revenue in latest fiscal yr (in billions of dollars): 19.ix

Total turn a profit in latest fiscal twelvemonth (in millions of dollars): ane,400

Full avails of the visitor (in billions of dollars) 18.3

Another Australian giant makes our list, which is too a conglomerate with a various portfolio, of which coal mining is an integral part. It employs over 100,000 people and is over a century old, having been founded in 1914.

Pixabay/Public Domain

eight. NTPC Express (NSE:NTPC)

Market cap of the company (in billions of dollars): 12.half-dozen

Total revenue in latest fiscal yr (in billions of dollars): 13.5

Total turn a profit in latest financial year (in millions of dollars): 1,800

Full assets of the company (in billions of dollars) 47.7

While the principal purpose of the NTPC is to generate and sell electricity, it has also branched out into other activities, including coal mining, as coal is an important resource in the generation of electricity. It employs shut to xx,000 people.

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vii. Anglo American (LSE:AAL)

Market cap of the company (in billions of dollars): 22

Total acquirement in latest fiscal year (in billions of dollars): 29.9

Total profit in latest fiscal year (in millions of dollars): 3,500

Total assets of the company (in billions of dollars) 56.2

Not to be confused with Anglo American Platinum, Anglo American is an American British visitor and apart from coal, is too a major producer of diamonds, platinum, nickel and copper.

Richest Countries in the World by Natural Resources
Richest Countries in the World by Natural Resources

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half dozen. ConocoPhillips (NYSE:COP)

Market cap of the company (in billions of dollars): 31.31

Total revenue in latest fiscal year (in billions of dollars): 29.5

Full profit in latest fiscal yr (in millions of dollars): three,600

Total assets of the visitor (in billions of dollars) 65

The US finally makes its place in our listing, with ConocoPhillips, which operates in 17 countries, and has production facilities in at to the lowest degree 9 of them. Of class, the biggest facility responsible for nigh l% of the full production is in the US, where its headquarters are based in Houston.

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Disclosure: No positions.
15 Largest Coal Companies in the World
is originally published on Insider Monkey.