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The group Carbon Tracker estimates that coal reserves held by companies listed on the London Stock Exchange is equivalent to 44.56 gigatonnes of [[CO2]] owned by 16 companies; of that, around half of the coal owned by UK-listed companies is exported to China, Russia, India and South Africa. The six companies with the most reserves are, respectively: [[Anglo American]], [[Xstrata]], [[BHP Billiton Group]], [[Evraz Group]](Russian steel producer), [[Bumi plcPlc]], and [[Rio Tinto]].Most of the reserves held (one-third) are located in Australia.<ref>[http://www.carbontracker.org/wp-content/uploads/downloads/2012/01/CoalCapitalbriefingJan12.pdf "Coal occupying the London Stock Exchange," WWF, 2012 Report.</ref>