Our purpose is to meet the energy needs of communities across the world by producing, trading and transporting commodities safely and sustainably while delivering value to all the parts involved in the transaction.
We also intend to increase our coal production from assets located closer to our target markets, while continuing to drive innovation and change throughout the company.
Although steam coal production has fallen in OECD countries since the 2000s, the demand for this material is still extremely high. Indeed, in 2018 global steam coal exports were more than double the level they were in 2000, with China, Japan, Taiwan and South Korea the fuel’s main importers.
Coal
Coal accounts for over 37% of the world’s electricity supply. Coal is fundamental in powering homes and industry, providing energy for transport and producing steel and concrete.
Coal is significantly cheaper and more accessible than other fossil fuels and its reserves are distributed much more equally around the planet.
Coal is an essential resource for tackling the challenges facing the modern world - specifically the rapid increase in energy consumption.
Anthracite
Anthracite is valued for its high carbon content, low impurities and high calorific value. It is used primarily in the metallurgical industry.
Anthracite, which represents the highest rank of coal, was formed in the coalification process when fossil sedimentation was subject to high pressures over millions of years. Anthracite has the highest content of fixed carbon and the lowest ratio of volatile matter of all natural coal types. It is therefore an excellent carbon donator in metallurgical processes.
Because of anthracite’s high carbon content, it burns cleaner than other types of coal (c.f. lignite) and therefore emits fewer toxic compounds upon combustion.
Petcoke
Petroleum coke or petcoke is a byproduct of the oil refining process (light/heavy crudes). As refineries worldwide seek to operate more efficiently and extract more gasoline and other high value fuels from each barrel of crude oil, a solid carbon material known as petcoke is produced.
Petroleum coke has been produced since the 1930s. Beyond power generation and cement kilns, Petcoke is used directly in a wide range of applications including aluminum manufacturing, fuels, and numerous other products including steel, glass, paint, and fertilizers.
