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Coal Uses

Content courtesy of Hillsborough Resources Limited

Overview |Uses | Environment | Learning Resources 

Uses of Coal
Coal is used in a wide variety of ways. Fundamentally, the soft or brown coals are used for:

* power generation
* cement manufacture
* industrial uses

The higher ranked hard coal is used primarily in the manufacture of iron and steel. Over 66% of total global steel production is dependent on coal. Canada is the world’s second largest exporter of coking coal in the world behind Australia and ahead of the U. S. Almost all of the Canadian contribution is produced in British Columbia. The distribution of hard and soft coal reserves in the world is about 50/50.

Power Generation
In terms of power generation coal provides about 20% of Canadian electricity needs, 50% of U.S. power generation and 39% of the world’s needs. Given the astounding rise in oil and natural gas prices coal provides a relatively low cost and dependable fuel source for power generation in the world well into the future.

Meeting a Growing Demand
Indeed, the world faces the challenges of providing goods and services to a growing population, improving the standard of living of billions who live in relative poverty and sustaining growth for existing and well developed economies. Power, industrial products and steel are critical components. It is estimated that world energy demand will grow 60% over the next 30 years mostly in developing countries. One third of the total increase will be in China and India alone. Coal will be heavily counted on to fuel these needs.

Important Notice

This general information on coal and other minerals is compiled from publicly available information. The views expressed in this website are solely those of the author and should be viewed as informational commentary only. In no way should these views, opinions or commentary be considered investment advice.

Hillsborough Resources Ltd. nor MightyStocks.com is responsible for the content of external links from this website.

 

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