Production of Coal in United States of America reached 489.02Million Tonnes in 2020
Production declined by a CAGR of 11% between 2017 to 2020,and is expected to grow by...
GlobalData projects the production to decline at a CAGR of...
The US has the world’s largest coal reserves, ahead of Russia, Australia and China, at the end of 2019. Of the total reserves, majority of the reserves, were anthracite and bituminous, and the remaining were subbituminous and lignite.
Peabody Energy, Arch Resources, Alliance Resource Partners, NACCO Industries and CONSOL Energy are among the key coal-producing companies in the US, together accounting for half of the total coal production in the country in 2020.
US coal miners have suffered as a result of falling thermal coal prices and declining coal consumption at US power plants. Over the past decade, more than four dozen coal mining companies in the US have filed for bankruptcy. While Peabody Energy, the country’s largest coal producer, announced in November 2020 that it could seek bankruptcy for the second time in four years, three other companies, including White Stallion Energy LLC and Lighthouse Resources Inc., filed voluntary petitions for Chapter 11 bankruptcy in the US Bankruptcy Court in December 2020.
The US was the fifth-largest coal producer in the world, in 2020. Production declined significantly in 2020 over the previous year, registering the third consecutive decline since 2017. The decline was majorly driven by production cutbacks by major coal producers, amidst the COVID-19 induced economic downturn. While the country’s coal industry is already challenged with higher coal production costs and low natural gas prices, the COVID-19 pandemic further disrupted the country’s coal supply. Most of the coal miners idled operations during the pandemic, primarily due to falling coal demand in both the domestic and international markets. In addition, the country’s coal mine utilization has been declining since its peak in 2009. The country’s coal mining productive capacity declined in 2020, primarily driven by the decline in coal demand across the end-use sectors.
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