Lignite is the
lowest quality coal with low carbon content of 25-35%, moisture content of
20-40%, and heating value of 4000 to 8300 BTU per pound. Lignite is typically
used in pulverized coal or cyclone-fired electric production power plants.
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The global lignite mining
market was valued at $109 billion in 2017. This was due to increased
electricity generation that resulted in higher consumption of coal. Electricity
generation accounted for around 60% of the total coal consumption during the
historic period.
Asia Pacific was the largest
geographic region in the market, accounting for over 70% of the global market
share.
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China was the largest country
in the market, accounting for more than half of the global lignite mining
market share. This is mainly due to the country’s large available coal
reserves, consumer population, and increasing energy demand that led to a rise
in consumption of coal. China was followed by India and Japan as the next
largest countries in the market.
The major competitors in the
market are SRK Consulting, ZEMAG Maschinenbau GmbH, Joy Global Surface Mining,
Neyveli Lignite Corporation Limited, Environmental Clean Technologies Limited
and RWE.
SRK Consulting is an
independent, international consulting practice providing advice and solutions
to the earth and water resource industries.
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