Used since the 1880s, coal has been an important staple in human civilisation. It’s been used in the cement and steel industries, as well as in the energy sector to generate electricity. The market for coal has been a lucrative one. And this is the reason coal mining companies, such as Kestrel Coal, have seen significant and sustainable growth in the past years.
But why is coal mining really a lucrative business?
Coal Mining: In a Nutshell
Mining coal can easily be considered a lucrative business for a lot of reasons. For starters, coal is extracted from the ground in different methods for specific purposes. Specifically, there are coal generation methods for power generation, construction, and manufacturing purposes. This explains why mining companies, such as Kestrel, also explores export markets for their products, aside from their local partners.
Uses and Benefits of Using Coal
Coal can be used for various purposes. And it is a component of many of the products we use today.
For one, thermal coal is used to generate power. Metallurgical coal, also known as coking coal, is best for steel production. It is also used to produce specialised products. Specifically, activated carbon is present in the air and water purification in kidney dialysis machines. Because it is lightweight and strong, it is also used in tennis rackets and mountain bikes. Coal in silicon metal is used to make resins, cosmetics, toothpastes, lubricants, and water repellents. Ammonia gas from coke ovens is used to produce nitric acid, ammonia salts, and other agricultural products.
Coal by-products are also ingredients of many household essential, such as dyes, plastics, soap, nylon, solvents, and rayon.
Coal Extraction Methods
Coal is extracted from the ground in different ways depending on its uses. But over the years, miners and coal experts, such as Kestrel Coal, use two basic extraction methods – Surface Mining and Underground Mining.