Beneficiation of fly ash should require for ensuring the removal of reactive elements to reduce the effect of hazardous impact on our atmosphere and can fill the demand for resources such as metals and rare earths. In this chapter, we concentrate to describe the responsible factors involve in fly ash beneficiation that has a great contribution to our environment. The purpose of the current study is to know the recovery of different minerals; maximum removal of the contaminant, reactivity and neutralization capacity of acid mine drainage (AMD) with fly ash and development of the cost-effective method of disposal of fly ash are achieved. Different beneficiation techniques of fly ash and utilization of fly ash are explained.