Question

A coal deposit that is not economical to mine today would be considered part of our

Answer 1

Answer:

A coal deposit that is not economical to mine today would be considered part of our is called Coal Resources.

Answer 2

A coal deposit that is not economical to mine today would be considered part of our is called Coal Resources.

What is the meaning of coal deposits?

• Coal deposits are found in sedimentary rock basins, where they appear as successive layers, or seams, sandwiched between strata of sandstone and shale.
• There are more than 2,000 coal-bearing sedimentary basins distributed around the world.

How are coal deposits found?

• Coal reserves are discovered through exploration activities.
• The process usually involves creating a geological map of the area, then carrying out geochemical and geophysical surveys, followed by exploration drilling.
• This allows for an accurate picture of the area to be developed.

What does it mean by deposits?

• The state of being deposited.  
• something placed for safekeeping.
• A money deposited in a bank making a deposit or a withdrawal a deposit of $3,000.  
• Money given as a pledge or down payment put down a deposit on a new house.
• A place of deposit depository.

What is coal used for?

• Coal is primarily used as fuel to generate electric power in the United States.
• In coal-fired power plants, bituminous coal, subbituminous coal, or lignite is burned.
• The heat produced by the combustion of the coal is used to convert water into high-pressure steam, which drives a turbine, which produces electricity.

What are types of deposits?

There are two types of deposits, demand and time.

• A demand deposit is a conventional bank and savings account.
• You can withdraw the money anytime from a demand deposit account.
• Time deposits are those with a fixed time and usually pay a fixed interest rate, such as a certificate of deposit (CD).

What is not a deposit?

• Having said so, an advance extended for a specific purpose cannot be treated as deposit, however, an advance without such a specific purpose shall be nothing but a deposit.
• Similarly, in case of share application money against which shares have not been allotted for long shall take the form of a deposit.

Hence, The term "coal resources" refers to a coal deposit that is not economically viable to mine today.

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