This market analysis forms the basis of a decision to commence a scoping study. The first evaluations of a property consider the potential costs and revenues of a new mine, often by examining comparative mines in the surrounding area. While there is no international agreement on the terminology for each stage of development and there is no agreed standard for quality or accuracy, the Australian Mining Industry (AusIMM) "Cost Estimation Handbook" provides a set of standards that have become widely used internationally. 2.3.4 Blast mining or conventional miningīefore a mining project begins, it requires feasibility studies to justify investment. As a commodity, coal is valued for its energy content and since the nineteenth century has been widely used to generate electricity and as a fuel source for the steel and cement industries.Ĭoal mining has a long history of negative environmental impacts, health effects for surrounding communities and workers, and contributes heavily to global environmental crises, such as poor air quality and climate change.Ĭoal has been one of the first fossil fuels to be phased out of various parts of the global energy economy. Please visit Global Energy Monitor to download the datasetĬoal mining is the process of extracting a coal reserve from the ground. This article is part of the Global Coal Mine Tracker, a project of Global Energy Monitor.
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