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.
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Earthmoving equipment: The expected growth in mining is going to positively impact the demand surge for mining equipment and machinery. The increase in coal and mineral production would require a large number of equipment for opening new mines and enhancing production in existing mines along with replacement demand.
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MCL has revived coal mining operations with scientific mining methodology and modern heavy earth moving equipment. The Company established a stateoftheart, Coal Handling and Processing Plant which has eliminated pollution of nearby streams.
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Mining Equipment Market Overview: Global Mining Equipment Market is expected to garner billion by 2022, registering a CAGR of % during the forecast period 2016 2022. Mining is an extraction process of obtaining coal, minerals, metals and other such materials from the earth.
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