Steep declines in the price of coal have created an emphasis for existing operators to boost their productivity. A recent simulator based training initiative by an underground coal mine in the eastern region of the United States aimed at Continuous Miner Operators led to nearly one million dollars in production improvements in just 90 days.

These distortions, which are affecting price through media hype and/or direct/indirect price manipulation, are quite possibly the largest in financial history.

APR Energy’s mobile diesel generators have served as the sole power source for the crucial operations of the mine, which operates independently from the local grid system.

With an integrated combustion air fan and burner control system, LTP thereby supplements its existing burner product range for the process and heavy industry sector with a practical, tested component.

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.

"There are probably 300 data points available around a typical truck or shovel at a mine site. Not one of those data points relate to the value of that asset being carried."

The availability of cheap money has seen boards postpone hard decisions about uneconomic capacity says Macquarie in new report.