Industry Analysis & Industry Trends
Coal mining is a pillar of the Canadian economy, as the industry not only adds significantly to the national GDP, but it also drives the economic wellbeing of many regions and communities. As the domestic economy recovers from recession, demand for electricity has driven the country's appetite for coal-fuelled utilities. However, the growing preference for renewable and clean sources of energy threatens the industry. In the five years to 2021, the Coal Mining industry's performance is forecast to struggle due to the projected economic slowdown in BRIC countries. Although demand for steel and, therefore, metallurgical coal, from these countries is expected to remain high, this rate is unlikely to rival prerecessionary levels... purchase to read more
Industry Report - Industry Products Chapter
There are two main types of coal: brown coal (also known as lignite) and black coal (bituminous, subbituminous and anthracite coals). Black coal can be further broken down into thermal coal and metallurgical coal. Coal is categorized based on its content of carbon (i.e. energy) and moisture, which determine its value.
Thermal coal is used to produce electricity. Thermal coal generally contains less carbon than metallurgical coal, making it unsuitable for making steel; instead, it has a relatively high energy content. About 42.5% of the coal mined in Canada is thermal coal. This share declinedduring the past five years. Consumption of thermal coal by the downstream electric power generators has declined due to environmental concerns... purchase to read more