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Aug 15, 2019· This ETF invests the majority of its assets in companies that generate at least 50% of their revenues from coal operations including production and mining, transporting coal, producing coal mining equipment and storing and trading coal. Shares of Coal Companies. There are very few publicly traded companies engaged in mining and processing coal.
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Coal mining and trading business line are run by PT Golden Energy Mines Tbk ("GEMS") and its subsidiaries, as well as PT Andalan Satria Lestari ("ASL") and its subsidiaries. Major coal concession areas owned by GEMS, ASL, and their subsidiaries are located in South Kalimantan, Central Kalimantan, Jambi, and South Sumatera.
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In 2018 coal accounted for more than 27% of global primary energy consumption, an increase of 1.44% over 2017. However, coal consumption in Europe declined by 2.7% in 2018 from the 2017 levels.
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