Australia’s South32 coking coal output rises 9% on Illawarra ramp-up

This would be second multi-billion dollar impairment charge Anglo takes this year on its coal and iron ore assets.

It would be the first time since 2009 that Anglo has to cut dividends.

Spending corresponds to a $1.1 million pollution fine and further $6 million on environmental mitigation projects.

With this impairment BHP will have written down its oil and gas business by more than $4 billion since 2011.

For investors, there’s no place like home. Data shows that investors are heavily sector-biased based on where they live.

Already battered by increasingly onerous regulations on pollution from power generation, U.S. coal miners are now suffering the impact of cheap natural gas on the industry.

It marks the end of a three-century industry that once employed over a million workers in the U.K.

The former mining town of Centralia, in Pennsylvania, has been on fire since 1962, when a coal seam running into a mine shaft set on fire. It hasn't stopped ever since.

Coal market prices continued to trade under pressure in June, with weather retaining shoulder-season qualities in the primary coal using regions.