The bulk magnetic susceptibility of sediments from artificial and natural lakes around a large coal-fired power station in NE Spain has been measured. Higher magnetic susceptibility values are found in lake sediments located SE of the power station. This distribution of susceptibility values is compatible with environmental and meterological studies of emissions from the power station, which indicate a dominant SE plume direction. Mineralogical studies, by means of X-ray diffraction and scanning electron microscopy, show that the highest susceptibility values found in the sediments are caused by magnetic iron spinels in the fly ash that is transferred to the environment by the power station particulate emissions. After the quantitative mineralogical studies of fly ash, two different methods of fly ash content determination in the sediments have been devised, showing very similar results. The low background magnetic susceptibility of the sediments in the study area and the high susceptibility resulting from the input of magnetic fly ash particles allows both delimitation of the polluted area around the power station, and quantification of the fly ash input into the natural sediments.