Solvent extraction of coal results in a coal-derived extract containing the solvent-soluble organic portion of coal free of almost all mineral matter. A residue is also produced and consists of most of the mineral matter. Although a procedure has been developed to manufacture ultra-pure coke precursors for value-added carbon products from coal-derived extracts, treatment/re-use of the residue is necessary to make the process economically attractive and environmentally friendly. In this study, a technique has been developed to beneficiate the residue by specific gravity fractionation. It is found that nearly 70% of the residue can be separated into a fraction containing less than 3.5% ash for a typical WV bituminous coal using an organic liquid having a specific gravity of 1.5. This treatment enables the residue to serve as a low-ash boiler fuel or a suitable precursor for the manufacture of materials such as activated carbons. Consequently, the potential for coal-derived precursors leading to new and non-conventional marketable carbon products can be realized easily.