Coal Mining Stocks List
Symbol | Grade | Name | Weight | |
---|---|---|---|---|
COAL | A | Range Global Coal Index ETF | 28.69 | |
XME | C | SPDR S&P Metals & Mining ETF | 14.65 | |
SLX | D | Market Vectors Steel Index ETF Fund | 9.9 | |
PSCM | C | PowerShares S&P SmallCap Materials Portfolio | 8.3 | |
PSCE | C | PowerShares S&P SmallCap Energy Portfolio | 8.09 |
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- Coal Mining
Coal mining is the process of extracting coal from the ground. Coal is valued for its energy content, and, since the 1880s, has been widely used to generate electricity. Steel and cement industries use coal as a fuel for extraction of iron from iron ore and for cement production. In the United Kingdom and South Africa, a coal mine and its structures are a colliery, a coal mine a pit, and the above-ground structures the pit head. In Australia, "colliery" generally refers to an underground coal mine. In the United States, "colliery" has been used to describe a coal mine operation but nowadays the word is not commonly used.
Coal mining has had many developments over the recent years, from the early days of men tunnelling, digging and manually extracting the coal on carts, to large open cut and long wall mines. Mining at this scale requires the use of draglines, trucks, conveyors, hydraulic jacks and shearers.
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