PIC OF THE DAY: Big truck

The final bidders are down to Yancoal Australia, Stanmore Resources and Peabody Energy.

Adaro is spinning off the coal mining unit valued at $2.45 billion to focus on developing cleaner energy, with an aluminum smelter being built in Kalimantan.

Mining costs are rising because of aging deposits that demand deeper bores and increased maintenance to avoid accidents.

Anglo has agreed to sell its 33.3% stake in Jellinbah Group, a JV that owns 70% interest in the Jellinbah East and Lake Vermont coal mines.