Adaro

Coal India incorporates new arm for coal-to-chemical business

May 28, 2024, 3:29 pm

Coal India in February signed a joint venture agreement with Bharat Heavy Electricals Ltd (BHEL) for undertaking a coal-to-chemicals business. New Delhi: State-owned Coal India on Tuesday announced the incorporation of a subsidiary firm, Bharat Coal Gasification and Chemicals Ltd (BCGCL) for...

Glencore's Australia carbon storage project blocked because of groundwater risk

May 24, 2024, 3:34 pm

carbon capture and storage project in eastern Australia cannot go ahead because it could irreversibly harm groundwater used by farmers, a state government said on Friday, adding that it would also block similar projects. Global commodities giant Glencore said the decision by Queensland was the...

Vedanta Aluminium turning to renewables, not adding coal capacity: CEO John Slaven

May 23, 2024, 3:21 pm

Slaven said the company was securing supplies of 1.3 GW of renewable energy - a mix of solar and wind power - from India's Serentica Renewables. Indian metals-to-oil conglomerate Vedanta Ltd's aluminium business will no longer add coal-fired capacity, its CEO said, in the...

Met coal’s biggest exporter wants to get even bigger

May 2, 2024, 3:32 pm

Simon Nicholas, Lead Analyst – Global Steel at IEEFA, comments on BHP’s takeover bid for Anglo American and its potential implications for the steel and coal industries. BHP’s US$40 billion takeover bid for Anglo American is mainly about copper. However, a successful...

Coal investments set to rise 10% this year as nations fret over energy security

June 23, 2022, 11:12 am

Global energy investment is on course to jump by more than 8% in 2022 and hit $2.4 trillion, with a notable uptick for coal supply chains, but far more money will be required if climate-related goals are to be met, according to the International Energy Agency. Published Wednesday, the...

Indonesia’s Adaro sells coal to European buyers ahead of Russia sanctions

April 20, 2022, 4:51 pm

Indonesia’s second biggest coal miner PT Adaro Energy Indonesia Tbk ADRO.JK said on Monday it has shipped roughly 300,000 tonnes of coal to some buyers in Europe, where countries are seeking a new source of the fuel due to sanctions on Russia. The coal was sold via the spot market, chief...

Indonesia March exports, imports hit record highs amid commodity boom

April 20, 2022, 4:50 pm

Indonesia's exports and imports hit record highs in March amid commodity price rises due to the impacts of the Ukraine war, helping the resource-rich country book a larger-than-expected trade surplus, statistics bureau data showed on Monday. March exports from Indonesia were worth $26.5...

EU countries hunt for global coal stocks as Russian ban looms

April 7, 2022, 2:10 pm

European buyers are increasing shipments of coal from across the globe against a backdrop of a proposed European Union ban on Russian imports and the scramble to relieve tight gas supplies, according to data and shipping sources. The European Commission on Tuesday proposed new sanctions...

Indonesia to continue to use fossil fuels during energy transition

April 7, 2022, 2:09 pm

The government has said that it will continue to use fossil energy to meet energy demand during the transition period since Indonesia is still in the process of realizing clean energy and net-zero emissions. However, it has developed a road map for clean energy and net-zero emissions, which...

Trafigura, Mercuria predict return to coal as energy crisis bites

March 24, 2022, 4:16 pm

Plunging Russian oil and gas exports to the west are set to drive up demand for coal, commodity traders say, as European governments and importers prioritise energy independence from Moscow over climate transition goals. In recent weeks, the US, UK and EU have sought to halt President Vladimir...

China Turns To Indonesia For Coal Following Fallout With Australia

February 22, 2022, 4:55 pm

China and Australia appear to have finally moved away from each other. The relationship turned frosty after China imposed an “unofficial ban” on Australian coal imports back in November 2019. At the time, many speculated that China would suffer more. But steel prices have held steadier...

Far from dying, the coal industry is actually booming. Just look at these signs

January 31, 2022, 12:13 pm

In late 2021, diplomats spent hours arguing over whether to "phase-out" or "phase-down" coal in the final communique of the COP26 climate change summit. Under pressure from China and India, the watered-down second choice prevailed. Still, it was good enough for the United...

Coal to stay as major source of energy in foreseeable future: Joshi

December 22, 2021, 3:02 pm

Coal will stay as a major source of energy in the foreseeable future as it is an affordable source of energy with substantial reserve, Parliament was informed on Monday. Despite push for renewables, the country will require base load capacity of coal-based generation for stability and also for...

Global coal power demand to hit new high

December 17, 2021, 2:33 pm

Rising consumption in China, India and the US could bring global coal-fired power demand to a new all-time high this year, undermining efforts to cut greenhouse gas emissions, the International Energy Agency (IEA) says. The IEA said global power generation from coal was expected to reach 10,350...

Met coal demand from blast furnaces supported for two-three decades yet: FT Summit

November 24, 2021, 4:43 pm

Hydrogen-based steelmaking is unlikely to displace blast furnace-based steelmaking for two to three decades, which will support demand for metallurgical coal during that period, miners and analysts said at the Financial Times Commodities Asia Summit this week. Steel sector decarbonization will...

Coal could become carbon neutral with new tech

November 23, 2021, 1:36 pm

The Allam-Fetvedt Cycle technology could provide a net-zero avenue for coal by producing saleable hydrogen as a by-product, while capturing the emitted CO2. A feasibility study, commissioned by Low Emission Technology Australia (LETA), found that Australia’s annual energy export revenues...

Vietnam's coal-fired power may double by 2030 under draft energy plan

October 15, 2021, 6:41 pm

Vietnam may double the amount of coal-fired electric generation it installs by 2030 under a draft power development plan submitted to the prime minister for approval this week. The draft plan guarantees that Vietnam will become more reliant on coal to power its fast-growing economy at a time...

Coking coal beats iron ore to top spot for most expensive steelmaking input

September 22, 2021, 4:57 pm

Coking coal has surpassed iron ore to become the most expensive raw material input for steel makers, following a blistering rally in prices in the recent weeks, an analysis by S&P Global Platts showed. Global steel mills from East Asia to India, Europe and Brazil have been scrambling to...

China and India send coal prices soaring amid green-energy push

September 15, 2021, 2:23 pm

The price of thermal coal used to generate electricity is nearing a record high as surging demand in China and India collides with a reluctance to invest in new capacity in a world heading for decarbonization. While coal is sometimes called the least-loved commodity because of carbon emissions,...

Asia's coal prices hit new highs as global utilities scramble for fuel

September 7, 2021, 5:04 pm

Thermal coal prices across Asia hit new highs this week as China and India restock critically low inventories to meet robust power consumption, industry sources said. The most-traded thermal coal futures contract on the Zhengzhou Commodity Exchange jumped more than 4per cent on Tuesday to a...

Forget About Peak Oil - We Haven’t Even Reached Peak Coal Yet

August 3, 2021, 2:29 pm

Despite all the heavy dissemination of narratives and talking points about a “climate emergency” and the “energy transition” during 2021, the ongoing economic recovery from the COVID-19 pandemic proves that the world still heavily relies on fossil fuels to provide its...

If coal is dead, then why are ships so full of it?

July 27, 2021, 4:57 pm

Amid all the talk of global warming, climate change-induced catastrophes, decarbonization and green finance, the global trade in “dirty” coal is enjoying an ironic renaissance. Bulk ships are busy transporting coal to Asia — and to eco-conscious Europe — boosting freight...

Energy Ministry: Indonesia's Coal Reserves Estimated to Last About 65 Years

July 27, 2021, 4:49 pm

The Energy and Mineral Resources (ESDM) Ministry’s Mineral and Coal Director-General Ridwan Djamaluddin said Indonesia still has large coal reserves of 38.84 billion tons. “We still have about 60 to 65 years to go of our [coal] reserves,” said Ridwan in the...

China’s Heat Wave Is Pushing Coal Prices Toward Record Level

July 16, 2021, 3:10 pm

A heat wave across some of China’s biggest industrial provinces has pushed local electricity consumption to unprecedented levels, sending thermal coal futures toward record highs. The power load in the eastern province of Zhejiang near Shanghai surpassed 100 million kilowatts per hour on...

Coal expected to remain dominant source of power in the coming decade - Fitch Solutions

June 11, 2021, 5:08 pm

Coal is expected to remain the dominant source of power for most of Southeast Asia and Australia in the coming decade, at least, and Fitch Solutions Country Risk and Industry Research says that will support the mining of coal and coal trade in the region. Coal currently remains the most...

Indonesia to retire coal-fired power plants while also adding more

June 10, 2021, 9:43 am

Indonesia’s state-owned utility says it will start shutting down coal-fired power plants and phase them all out by 2055, amounting to 50 gigawatts of capacity. At the same time, it’s building 21 GW of new coal plants that will have an operating life until 2065 — a...

Coal Hits A Three-Year High Despite China Trying To Control Prices

June 8, 2021, 11:43 am

Commodity prices buffeted by the Chinese government’s crackdown on speculative trading are reversing losses made earlier this week with coal leading the way up. Thermal coal used to produce electricity rose above $100 a ton on Monday and was last trading at $106/t, the highest in three...

Indonesia June coal benchmark price up 11.8%; highest in over two years

June 3, 2021, 4:01 pm

Indonesia set its coal benchmark price higher in June at $100.33 per tonne, the country's energy and minerals ministry said in a statement on Wednesday, driven by strong demand from China. This is $10.59, or 11.8%, more than May's benchmark price for coal and the highest since October...

Global seaborne coal trade in 2021 to grow more than 5% after 2020 slump: Assocarboni

May 18, 2021, 4:00 pm

Global seaborne coal trade volumes in 2021 are expected to grow more than 5% from 2020, with a further increase seen for 2022 despite decarbonization programs, Assocarboni, the General Association of Coal Operators, forecast May 10. “Seaborne trade will start to grow again: a 5% increase...

China's US coal imports jump 748% in Q4'20 amid Australian trade dispute

February 24, 2021, 9:47 am

China emerged as one of the top importers of U.S. coal in the fourth quarter of 2020 as the country banned Australian coal from entering its territories amid diplomatic tensions. U.S. coal exports in the three-month period totaled 17.4 million tonnes, down 7.3% year over year but 25.1% higher...

Indonesia to remove royalty payments for downstream coal

February 24, 2021, 9:46 am

JAKARTA:Indonesia is removing royalty payments for coal used in its downstream sector in a bid to boost its coal processing industries, a government regulation reviewed by Reuters showed. The world's top exporter of thermal coal aims to develop its coal processing...

Construction resumes at Indonesian coal power plant

February 16, 2021, 4:36 pm

Construction of a new 400MW coal-fired power plant in Indonesia's Aceh regency has resumed after being halted early last year because of the Covid-19 pandemic. The $600mn project is being developed by a consortium composed of China Datang Overseas Investment, Indonesian state-owned...

Aurizon anticipates coal export growth

February 15, 2021, 1:38 pm

Aurizon Holdings is confident of the long-term demand for Australian coal from international markets despite a 10 per cent drop in exports during the second half of last year. Australia exported 183 million tonnes of coal during the period, comprising 86 million tonnes of metallurgical coal and...

Indonesia sets Feb HBA thermal coal price 16% higher on month amid China demand

February 11, 2021, 10:40 am

Indonesia’s Ministry of Energy and Mineral Resources set its February thermal coal reference price — also known as Harga Batubara Acuan, or HBA — at $87.79/mt, up 16% on month and up 33% on year, a ministry spokesman said Feb 8. Strong Chinese demand and higher gas prices led...

Strong Chinese Thermal Coal Imports to Benefit Indonesian Miners in the Near Term

February 2, 2021, 9:36 am

China's thermal coal imports are likely to remain strong ahead of the Chinese New Year in mid-February on robust demand, high utilisation at domestic suppliers and exceptionally high local prices, says Fitch Ratings. Indonesian coal miners are benefitting as the country is the biggest exporter...

Coal and the energy transition in APAC

January 28, 2021, 2:57 pm

Coal continues to play a prominent role in power generation in APAC. Fortunately, there are technologies and processes that help us reduce carbon emissions from thermal generation. The push towards a lower carbon future has never been higher on the agenda for Asia Pacific, observes Osamu Ono,...

European coal phase-out could slow in 2021: OIES

January 22, 2021, 9:28 am

The phase-out of coal-fired generation across Europe could slow in 2021 amid more favourable market conditions than last year, according to the Oxford Institute for Energy Studies (OIES). The OIES' quarterly gas review predicts a "short-lived" and "marginal" recovery this...

Deep freeze draws coal back into global power mix

January 14, 2021, 10:33 am

Key northern hemisphere energy consumers have ramped up their coal consumption in recent weeks amid freezing weather and an LNG supply crunch. Electricity demand in China, Japan and South Korea has all soared and northeast Asian coal-fired power generation in December-January is likely to hit a...

Indonesia’s coal sector welcomes 2021 with optimism as price surges

January 13, 2021, 2:16 pm

The future of Indonesia’s coal sector in 2021 appears to be optimistic, in view of a price increase at the opening of the year and high demand from China — an economy that is recovering amid the pandemic. In a trading session on Tuesday (5 January), numerous coal shares performed...

Chinese traders increasing coal imports from Russia, Mongolia

January 12, 2021, 3:54 pm

Chinese traders are importing more coal from neighboring countries such as Russia and Mongolia, bringing the security of a healthy supply chain amid the backdrop of global uncertainty and disruption from the epidemic. Fujian Guohang Ocean Shipping (Group) Co has signed an agreement with Russian...

Record cold weather in China sends power demand through the roof

January 11, 2021, 3:26 pm

BEIJING (Reuters) - Exceptionally cold weather sweeping through China has caused a huge increase in power demand in the world’s largest energy consumer and hampered transportation. Frigid weather across north Asia has caught utilities and liquefied natural gas importers off guard as demand...

China may ease entry of imported coal to bring down higher domestic prices

December 16, 2020, 9:16 am

China may open up its borders to seaborne coal and set price ceiling for Chinese coal in an attempt to cool domestic coal prices, according to a meeting note seen by S&P Global Platts Dec. 15 that took place between China's National Development and Reform Commission, or NDRC and eight...

Batu Bara Jadi Barang Kena Pajak, Begini Dampaknya ke PLN

December 16, 2020, 9:11 am

Berdasarkan mandat Undang-Undang No.11 tahun 2020 tentang Cipta Kerja, batu bara resmi menjadi Barang Kena Pajak (BKP), di mana Pajak Pertambahan Nilai (PPN) batu bara dikenakan sebesar 10%. Sebagai salah satu pembeli batu bara domestik, PT PLN (Persero) menanggung PPN 10% tersebut. Lalu, dengan...

If China stops taking Australia's coal, will other countries fill the gap?

December 16, 2020, 9:02 am

Chinese state-owned media appeared to confirm a ban on imports of Australian coal this week. Australian officials are now trying to figure out how serious the threat is, and its implications. If China stops taking Australia's coal, will other countries fill the gap? Could Japan, India and South...

Indonesia 2020 coal consumption estimated at 140-145 mln tonnes- official

December 16, 2020, 8:56 am

Indonesia’s domestic coal consumption is estimated at 140-145 million tonnes this year, Dodik Ariyanto, an official at the energy ministry, told a virtual conference on Tuesday. This is lower than this year’s target of 155 million tonnes but above last year’s consumption of 138...

Adaro Indonesia Receives Gold Proper Award for the Third Time

December 16, 2020, 8:51 am

Adaro Indonesia Receives Gold Proper Award for the Third Time On Monday, 14 December 2020, the Minister of Environment and Forestry, Siti Nurbaya Bakar, witnessed virtually by the Vice President of the Republic of Indonesia, K.H. Ma'ruf Amin, presented the PROPER Gold 2020 award to the...

China blacklist strands more than 50 ships with Australian coal

November 25, 2020, 11:28 am

More than US$500 million (S$671.4 million) worth of Australian coal is on ships anchored off Chinese ports, as a diplomatic spat between the two countries cuts into trade, idles a portion of the world's dry bulk carriers and threatens to spiral into a humanitarian crisis. More than...

China coal imports to increase in December

November 25, 2020, 11:25 am

An analysis published by Wood Mackenzie forecasts that thermal coal imports will increase in December in China. According to the market analyst, seaborne thermal coal imports will grow from 9.5 Mt to 20 Mt in December. This new figure is much higher than the 8.8 Mt in September or the...

Aurizon sees Chinese ban on Australian coal easing

October 26, 2020, 2:59 pm

Australian rail firm Aurizon has maintained its 210mn-220mn t of coal haulage guidance for the 2020-21 fiscal year to 30 June despite a weak July-September, based on expectations that the current Chinese disruption to Australian coal imports will ease when a new quota is introduced. Aurizon...

Jokowi Ingin Stop Ekspor Batubara Mentah, Begini Realisasi Ekspor Lima Tahun Terakhir

October 26, 2020, 2:56 pm

Presiden Joko Widodo (Jokowi) menagih percepatan nilai tambah batubara. Hilirisasi ini dinilai perlu untuk mendongkrak pemanfaatan batubara di dalam negeri. Dengan begitu, Presiden Jokowi ingin agar ekspor batubara sebagai komoditas mentah bisa segera dihentikan. "Saya ingin agar dicarikan...

The Adaro Blog