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Top 79 largest Companies in the Thermal Coal industry in the World by Market Cap

This is the list of the largest public listed companies in the Thermal Coal industry in the world by market capitalization with links to their reference stock.

World Thermal Coal Industry Analysis
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Top Thermal Coal Companies in the World as of Jul. 01, 2025

Rank Company Market Cap (USD) Country Sector Industry
1 China Shenhua Energy Company Ltd $106.01 B China Chinese Energy Chinese Thermal Coal
2 PT Bayan Resources Tbk $40.85 B

(July 1, 2023)

 Indonesia Indonesian Energy Indonesian Thermal Coal
3 Shaanxi Coal Industry Company Ltd $26.23 B China Chinese Energy Chinese Thermal Coal
4 PT Dian Swastatika Sentosa Tbk $21.27 B Indonesia Indonesian Energy Indonesian Thermal Coal
5 China Coal Energy Co Ltd $19.33 B China Chinese Energy Chinese Thermal Coal
6 Contura Energy, Inc. $19.10 B United States US Energy US Thermal Coal
7 Yanzhou Coal Mining Company Ltd $14.42 B China Chinese Energy Chinese Thermal Coal
8 Washington H. Soul Pattinson and Company Limited $8.05 B

(July 1, 2024)

 Australia Australian Energy Australian Thermal Coal
9 Yancoal Australia Ltd $6.38 B

(July 1, 2024)

 Australia Australian Energy Australian Thermal Coal
10 Inner Mongolia Yitai Coal Co.,Ltd. $5.86 B China Chinese Energy Chinese Thermal Coal
11 Whitehaven Coal Limited $4.98 B

(July 1, 2024)

 Australia Australian Energy Australian Thermal Coal
12 Shanxi Lu'an Environmental Energy Development Co. Ltd $4.44 B China Chinese Energy Chinese Thermal Coal
13 Wintime Energy Co.,Ltd. $4.14 B China Chinese Energy Chinese Thermal Coal
14 Shan Xi Huayang Group New Energy Co.,Ltd. $3.44 B China Chinese Energy Chinese Thermal Coal
15 Alliance Resource Partners, L.P. $3.41 B United States US Energy US Thermal Coal
16 Adaro Energy Tbk PT $3.33 B Indonesia Indonesian Energy Indonesian Thermal Coal
17 CONSOL Energy Inc. $2.93 B

(Jan. 1, 2025)

 United States US Energy US Thermal Coal
18 Jinneng Holding Shanxi Coal Industry Co.,ltd. $2.90 B China Chinese Energy Chinese Thermal Coal
19 New Hope Corporation Limited $2.83 B

(July 1, 2024)

 Australia Australian Energy Australian Thermal Coal
20 Pingdingshan Tianan Coal. Mining Co. Ltd $2.59 B China Chinese Energy Chinese Thermal Coal
21 Bumi Resources Tbk PT $2.51 B Indonesia Indonesian Energy Indonesian Thermal Coal
22 Arch Resources, Inc. $2.44 B

(Jan. 1, 2025)

 United States US Energy US Thermal Coal
23 China Coal Xinji Energy Co.,Ltd $2.36 B China Chinese Energy Chinese Thermal Coal
24 Stanmore Coal Limited $2.35 B

(July 1, 2024)

 Australia Australian Energy Australian Thermal Coal
25 Exxaro Resources Ltd $2.14 B South Africa South African Energy South African Thermal Coal
26 Peabody Energy Corporation $1.76 B United States US Energy US Thermal Coal
27 Bukit Asam Tbk PT $1.67 B Indonesia Indonesian Energy Indonesian Thermal Coal
28 PT Indo Tambangraya Megah Tbk $1.54 B Indonesia Indonesian Energy Indonesian Thermal Coal
29 Beijing Haohua Energy Resource Co. Ltd $1.48 B China Chinese Energy Chinese Thermal Coal
30 Guizhou Panjiang Refined Coal Co.,Ltd. $1.42 B China Chinese Energy Chinese Thermal Coal

Top Thermal Coal Companies in the World as of Jul. 01, 2025

1. China Shenhua Energy Company Ltd

Company Profile: China Shenhua Energy Company Ltd
Market Cap (USD): $106.01 B
Country: China
Sector: Chinese Energy
Industry: Chinese Thermal Coal

2. PT Bayan Resources Tbk

Company Profile: PT Bayan Resources Tbk
Market Cap (USD): $40.85 B (July 1, 2023)
Country: Indonesia
Sector: Indonesian Energy
Industry: Indonesian Thermal Coal

3. Shaanxi Coal Industry Company Ltd

Company Profile: Shaanxi Coal Industry Company Ltd
Market Cap (USD): $26.23 B
Country: China
Sector: Chinese Energy
Industry: Chinese Thermal Coal

4. PT Dian Swastatika Sentosa Tbk

Company Profile: PT Dian Swastatika Sentosa Tbk
Market Cap (USD): $21.27 B
Country: Indonesia
Sector: Indonesian Energy
Industry: Indonesian Thermal Coal

5. China Coal Energy Co Ltd

Company Profile: China Coal Energy Co Ltd
Market Cap (USD): $19.33 B
Country: China
Sector: Chinese Energy
Industry: Chinese Thermal Coal

6. Contura Energy, Inc.

Company Profile: Contura Energy, Inc.
Market Cap (USD): $19.10 B
Country: United States
Sector: US Energy
Industry: US Thermal Coal

7. Yanzhou Coal Mining Company Ltd

Company Profile: Yanzhou Coal Mining Company Ltd
Market Cap (USD): $14.42 B
Country: China
Sector: Chinese Energy
Industry: Chinese Thermal Coal

8. Washington H. Soul Pattinson and Company Limited

Company Profile: Washington H. Soul Pattinson and Company Limited
Market Cap (USD): $8.05 B (July 1, 2024)
Country: Australia
Sector: Australian Energy
Industry: Australian Thermal Coal

9. Yancoal Australia Ltd

Company Profile: Yancoal Australia Ltd
Market Cap (USD): $6.38 B (July 1, 2024)
Country: Australia
Sector: Australian Energy
Industry: Australian Thermal Coal

10. Inner Mongolia Yitai Coal Co.,Ltd.

Company Profile: Inner Mongolia Yitai Coal Co.,Ltd.
Market Cap (USD): $5.86 B
Country: China
Sector: Chinese Energy
Industry: Chinese Thermal Coal

11. Whitehaven Coal Limited

Company Profile: Whitehaven Coal Limited
Market Cap (USD): $4.98 B (July 1, 2024)
Country: Australia
Sector: Australian Energy
Industry: Australian Thermal Coal

12. Shanxi Lu'an Environmental Energy Development Co. Ltd

Company Profile: Shanxi Lu'an Environmental Energy Development Co. Ltd
Market Cap (USD): $4.44 B
Country: China
Sector: Chinese Energy
Industry: Chinese Thermal Coal

13. Wintime Energy Co.,Ltd.

Company Profile: Wintime Energy Co.,Ltd.
Market Cap (USD): $4.14 B
Country: China
Sector: Chinese Energy
Industry: Chinese Thermal Coal

14. Shan Xi Huayang Group New Energy Co.,Ltd.

Company Profile: Shan Xi Huayang Group New Energy Co.,Ltd.
Market Cap (USD): $3.44 B
Country: China
Sector: Chinese Energy
Industry: Chinese Thermal Coal

15. Alliance Resource Partners, L.P.

Company Profile: Alliance Resource Partners, L.P.
Market Cap (USD): $3.41 B
Country: United States
Sector: US Energy
Industry: US Thermal Coal

16. Adaro Energy Tbk PT

Company Profile: Adaro Energy Tbk PT
Market Cap (USD): $3.33 B
Country: Indonesia
Sector: Indonesian Energy
Industry: Indonesian Thermal Coal

17. CONSOL Energy Inc.

Company Profile: CONSOL Energy Inc.
Market Cap (USD): $2.93 B (Jan. 1, 2025)
Country: United States
Sector: US Energy
Industry: US Thermal Coal

18. Jinneng Holding Shanxi Coal Industry Co.,ltd.

Company Profile: Jinneng Holding Shanxi Coal Industry Co.,ltd.
Market Cap (USD): $2.90 B
Country: China
Sector: Chinese Energy
Industry: Chinese Thermal Coal

19. New Hope Corporation Limited

Company Profile: New Hope Corporation Limited
Market Cap (USD): $2.83 B (July 1, 2024)
Country: Australia
Sector: Australian Energy
Industry: Australian Thermal Coal

20. Pingdingshan Tianan Coal. Mining Co. Ltd

Company Profile: Pingdingshan Tianan Coal. Mining Co. Ltd
Market Cap (USD): $2.59 B
Country: China
Sector: Chinese Energy
Industry: Chinese Thermal Coal

21. Bumi Resources Tbk PT

Company Profile: Bumi Resources Tbk PT
Market Cap (USD): $2.51 B
Country: Indonesia
Sector: Indonesian Energy
Industry: Indonesian Thermal Coal

22. Arch Resources, Inc.

Company Profile: Arch Resources, Inc.
Market Cap (USD): $2.44 B (Jan. 1, 2025)
Country: United States
Sector: US Energy
Industry: US Thermal Coal

23. China Coal Xinji Energy Co.,Ltd

Company Profile: China Coal Xinji Energy Co.,Ltd
Market Cap (USD): $2.36 B
Country: China
Sector: Chinese Energy
Industry: Chinese Thermal Coal

24. Stanmore Coal Limited

Company Profile: Stanmore Coal Limited
Market Cap (USD): $2.35 B (July 1, 2024)
Country: Australia
Sector: Australian Energy
Industry: Australian Thermal Coal

25. Exxaro Resources Ltd

Company Profile: Exxaro Resources Ltd
Market Cap (USD): $2.14 B
Country: South Africa
Sector: South African Energy
Industry: South African Thermal Coal

26. Peabody Energy Corporation

Company Profile: Peabody Energy Corporation
Market Cap (USD): $1.76 B
Country: United States
Sector: US Energy
Industry: US Thermal Coal

27. Bukit Asam Tbk PT

Company Profile: Bukit Asam Tbk PT
Market Cap (USD): $1.67 B
Country: Indonesia
Sector: Indonesian Energy
Industry: Indonesian Thermal Coal

28. PT Indo Tambangraya Megah Tbk

Company Profile: PT Indo Tambangraya Megah Tbk
Market Cap (USD): $1.54 B
Country: Indonesia
Sector: Indonesian Energy
Industry: Indonesian Thermal Coal

29. Beijing Haohua Energy Resource Co. Ltd

Company Profile: Beijing Haohua Energy Resource Co. Ltd
Market Cap (USD): $1.48 B
Country: China
Sector: Chinese Energy
Industry: Chinese Thermal Coal

30. Guizhou Panjiang Refined Coal Co.,Ltd.

Company Profile: Guizhou Panjiang Refined Coal Co.,Ltd.
Market Cap (USD): $1.42 B
Country: China
Sector: Chinese Energy
Industry: Chinese Thermal Coal

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