Climate Changed

The War on Coal Is Making the World’s Top Mine Owners a Lot Richer

Anglo, Glencore, BHP report surges in profit from coal mines
‘Perverse consequence’ of policies to reduce global pollution

First U.S. Coal Arrives In Ukraine — Photographer: Vincent Mundy/Bloomberg

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By Thomas Biesheuvel and Thomas Wilson

May 1, 2018 at 11:00 PM UTC

Updated on

May 2, 2018 at 9:48 AM UTC

This article is for subscribers only.

The world’s war on coal is making its biggest producers a lot richer, at least for now.

Anglo American Plc, Glencore Plc and BHP Billiton Ltd. are generating the highest profits in years from their coal mines. Income for the 37 coal producers tracked in a Bloomberg Intelligence index was the highest in six years.