Lignite Mining Market Segment Forecasts Up to 2020

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Lignite Mining Market - Global Industry

Analysis, Size, Share, Trends, Analysis,

Growth and Forecast 2014 - 2020

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REPORT DESCRIPTION

The global market for lignite mining is influenced by the increased need for energy and the rising prices of

various energy production resources. Also, with the development taking place in the economies such as

India and China, the demand for energy will rise, thereby, increasing the price of energy and its resources.

This rise in price tends to shift the interest of industries towards other resources of energy. Recently,

countries such as Germany has stopped its nuclear power generation business and switched to other

electricity generating resources. AWE AG, a German electric utility company has ramped up coal use to

generate electricity from lignite and, according to Bloomberg Businessweek; presently the firm generates

about 52% of power in Germany. Henceforth, the global market for lignite mining is expected to grow with

the rising energy prices and nuclear hazard concerns.

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Lignite coal is mostly used as a fuel, in steam to electric power generation units. The presence of high

content of volatile matter makes it easier to convert coal into gases and liquid petroleum products.

Moreover, lignite is more accessible than other coals as the location of lignite veins are relatively nearer to

the surface. This eliminates the need of underground mining and the risk of...