The Adaro Blog
Power Producers Should Cheer Coal's Closing Time
October 9, 2017, 9:07 pm
Et tu, Texas? Barely a week after Energy Secretary Rick Perry pitched his latest plan to revitalize the coal industry, the biggest power company in his home state announced it was shutting down one of the largest coal-fired power plants there.
In fairness, Vistra Energy Corp. has been...
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Trump Administration Unveils Plan To Help Coal, Nuclear Sectors
October 5, 2017, 7:07 pm
At the end of September, the U.S. Department of Energy quietly issued a Notice of Proposed Rulemaking (NOPR) with the Federal Energy Regulatory Commission that amounts to requiring subsidies for coal and nuclear power plants. The rule would be a sea change in how electricity markets have...
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COLUMN-Russia takes advantage of China's North Korea coal ban: Russell
October 2, 2017, 6:56 pm
LAUNCESTON, Australia, Oct 3 (Reuters) - China’s coal import data for August flung up an interesting anomaly in the form of renewed imports from North Korea, but of far more interest is the surge in cargoes from Russia.
Customs data showed that China imported 1.6 million tonnes from North...
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Russia Props Up Ukraine Rebels With Coal Sales From War Zone
September 29, 2017, 5:01 pm
Russia is helping Ukrainian rebels sell coal on international markets to raise much-needed cash for pensions and social needs, evading a blockade imposed by the government in Kiev as efforts to implement a peace deal remain stalled.
The separatists are sending nearly 1 million tons of coal per...
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US coal output continues slip: EIA
September 21, 2017, 4:51 pm
Houston (Platts)--21 Sep 2017 612 pm EDT/2212 GMT
US coal production slipped for the fourth consecutive week in the week ending September 16, but at 15.5 million st it was still 7.2% higher than in the same week of 2016, Energy Information Administration data showed...
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Indonesian coal miner shares tumble on possible new pricing rules
September 13, 2017, 3:56 pm
JAKARTA, Sept 13 (Reuters) - Share prices of some of Indonesia’s biggest coal miners plunged on Wednesday after the country’s mining minister said he would be open to revising domestic coal pricing rules.
PT Bukit Asam Tbk was worst hit, tumbling 17 percent to close at 10,075 rupiah...
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BHP upbeat on ore, coal price outlook
September 4, 2017, 4:49 pm
BHP Billiton says prices of the nation’s two biggest exports — iron ore and coking coal — are expected to remain strong until at least the end of the year, in one of the more upbeat assessments of global commodities demand from a big miner in years.
In its economic outlook,...
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Engagement by three coal companies staves off Calpers divestment
August 9, 2017, 3:50 pm
Californian pension fund divested from most thermal coal holdings following law change
Three coal companies have avoided divestment from Calpers by convincing the US pension fund they planned to make significant changes to their business models.
This week Calpers announced it had divested...
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Peabody Mine Survival May Rest on Navajo Coal Gasification Plan
August 7, 2017, 4:33 pm
By Stephen Lee
The biggest coal-fired generating station west of the Mississippi could be replaced by a coal gasification plant, raising concerns among environmentalists as well as questions from financial analysts about the economic costs and risks.
The tribe “has considered the...
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China's Shenhua suspends two coal mines, Mongolia set to benefit
August 4, 2017, 4:31 pm
ULAANBAATAR, Aug 4 (Reuters) - China Shenhua Energy Co. Ltd has suspended operations at two large open-pit coal mines in northern China, it said late on Thursday, a move that could benefit producers across the border in Mongolia.
Shenhua Energy, the listed unit of the state-owned Shenhua Group,...
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China energy regulator raises targets for curbing coal-fired power
August 2, 2017, 4:28 pm
BEIJING (Reuters) - China's energy regulator on Monday said it was raising its targets for curbing coal-fired power capacity over the next few years, as the world's No.2 economy continues its drive against pollution.
The National Energy Administration (NEA) said in a statement on its...
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U.S company Xcoal Energy to sell steam coal to fuel-strapped Ukraine
August 1, 2017, 4:24 pm
WASHINGTON (Reuters) - A Pennsylvania-based coal company said on Monday it signed its first contract with Ukraine to sell coal that is burned to produce electricity in a deal sped along by the U.S. and Ukrainian governments.
Privately held Xcoal Energy & Resources agreed to supply...
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Japan environment minister to urge to rethink on coal project: media
July 26, 2017, 5:56 pm
TOKYO (Reuters) - Japan's environment minister is likely to recommend the trade ministry reconsider a coal-fired power project planned by Chubu Electric Power Co amid concerns over rising carbon emissions, local media said on Wednesday.
The likely recommendation comes as the environment...
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Power Giant Urges Australia to Exclude Coal in Its Clean Target
July 21, 2017, 5:50 pm
Australia’s largest power generator, AGL Energy Ltd., has urged the government to exclude coal from its planned clean energy target and said there is no appetite among private investors to fund new coal-fired power plants.
AGL, which sources 77 percent of its electricity generation from...
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India to phase out 5.5 GW of coal-fired power plants
July 20, 2017, 5:48 pm
NEW DELHI (Reuters) - India has identified 5.5 gigawatts (GW) of inefficient coal-fired power plants to be retired, Power Minister Piyush Goyal told lawmakers on Thursday, as the country looks to cut emissions and make better use of its coal reserves.
The Central Electrical Authority (CEA) has...
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Beijing aims to curb city's use of coal by 2020
July 19, 2017, 5:55 pm
BEIJING (Reuters) - China's capital city Beijing is aiming to cut its coal consumption to below 5 million tonnes by 2020 and limit the use of coal in smog-prone areas, a document issued by the Beijing Municipal Government showed on Tuesday.
The city, which suffers from bouts of choking...
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Rio approves Yancoal’s acquisition of Coal & Allied
July 5, 2017, 9:38 pm
Rio Tinto shareholders have approved Yancoal Australia’s acquisition of its subsidiary, Coal & Allied Industries, which owns majority shares in the Hunter Valley, Mount Thorley and Warkworth coal mines.
Chinese owned Yancoal lodged a $US2.45 billion ($3.23 billion) offer for the Hunter...
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China to limit imports of dirty coal
July 3, 2017, 9:36 pm
Imagine you live in a village where one very large and powerful family both farms and eats half of the grain, and has massive tracts of unused, fertile land. Is the grain business one you would want to get into?
This is roughly the situation the world’s coal producers find themselves...
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New coal power plants may block Japan's carbon emissions goal: minister
June 30, 2017, 9:32 pm
Japan may not achieve its carbon emissions target if an ambitious plan to build more coal-fired power plants pushes ahead, its environment minister said, underlining Tokyo's struggle to meet globally agreed goals to halt climate change.
Even as it champions the Paris climate agreement, Japan...
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Glencore in bidding war with China to buy Rio coal assets
June 27, 2017, 9:22 pm
Miner and trader Glencore on Friday hit back with an increased offer of $2.675 billion in cash to buy Australian coal assets from Rio Tinto that earlier this week said it was favoring a Chinese bid.
On Tuesday, Rio Tinto said it had selected Yancoal to buy its Coal & Allied division in...
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Does Coal Stand a Chance Against Renewable Energy?
June 22, 2017, 9:18 pm
You might have heard the news that the first new coal mine in a decade opened this month in a small Pennsylvania town called Friedens. The Acosta Mine—the output from which will be used in the production of steel—is expected to employ between 70 and 100 people over 15 years, with...
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How China, Not Obama, Waged The War On Coal
June 16, 2017, 9:13 pm
Global coal production is down record amounts thanks largely to China, BP's chief economist said Thursday, and coal's probably not coming back.
"I think we are seeing a significant and decisive shift in coal, a break from the past in terms of coal," said BP Group...
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Glencore Moves to Top Chinese Rival in $3.5 Billion Coal Play
June 12, 2017, 9:09 pm
Glencore Plc’s Ivan Glasenberg is looking to trump China’s Yanzhou Coal Mining Co. with a rival bid for Rio Tinto Group coal assets in Australia.
The company’s chief executive officer submitted a proposal to buy Rio’s Coal & Allied coal unit in New South Wales for...
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Indian billionaire to open huge new coal mine in Australia
June 6, 2017, 9:03 pm
Gautam Adani said Tuesday that he had given the "green light" to his firm's $12 billion coal project in Australia's northeastern Queensland state.
"This is the largest single investment by an Indian corporation in Australia, and I believe others will follow with...
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Shenhua, China Guodian Said to Mull $267 Billion Power Giant
June 4, 2017, 7:40 pm
Shenhua Group Corp., China’s biggest coal miner, and China Guodian Corp., one of the nation’s largest coal-fired power generators, are in merger discussions, according to people with knowledge of the matter.
The talks are preliminary and the merger may not go ahead, said the...
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Coal's Future in India
June 2, 2017, 7:36 pm
The Indian trading house Adani Resources Ltd. has just reached an agreement with the Queensland government on royalty payments for the Carmichael coal mine, which the company is considering building in northeastern Australia. As one of the largest thermal coal mines in the world, it would...
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Adani's Carmichael mine is coal's unintended game-breaker: Russell
May 31, 2017, 7:32 pm
The world's biggest planned coal mine is once again lurching toward the finish line as India's Adani Enterprises moves ahead with a final decision on its Carmichael project in Australia.
Even if Adani does approve the $4 billion thermal coal and rail project in central Queensland state,...
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Rio to reap an extra $804 million in Coal and Allied sale
May 25, 2017, 6:49 pm
Rio Tinto will secure up to $US600 million ($804m) above the value of its Hunter Valley coal assets in its $US2.45 billion Coal and Allied sale to Yancoal Australia, even without including a potential $US650m royalty, according to independent expert Ernst & Young.
In the lead-up to...
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India power minister promotes renewables and ‘cleaner’ coal
May 24, 2017, 4:46 pm
MAY 23, 2017 by: Andrew Ward, Energy Editor
Piyush Goyal picks up his smartphone, opens an app and declares the precise number of villages in India without reliable access to electricity: 4,061.
When he became Indian minister for power in 2014, he says, the number was over 18,000. Mr Goyal is...
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Analysis: Rising domestic consumption lures Indonesian coal miners
May 22, 2017, 4:28 pm
Singapore (Platts)--22 May 2017 442 am EDT/842 GMT
Several Indonesian thermal coal producers are shifting their focus to the lucrative domestic space amid rising consumption, while seaborne trading appears to be losing steam at the traditionally strong export markets.
During a recently...
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Coal linkage policy to energise power firms’ growth trajectory
May 20, 2017, 4:23 pm
The Government of India with an aim to reducing dependence on imported coal and auctioning long-term coal linkages to power companies recently approved a long-awaited coal linkage policy, which provided a breather to the thermal power sector.
As coal availability is not adequate in India and...
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Poland Faces Harsh EU Reality in Push for Coal Exemptions
May 18, 2017, 3:55 pm
India’s first producer of natural gas from coal seams in the country’s oldest mining region will spend about $1 billion to look for some of the newest forms of energy.
Great Eastern Energy Corp. will invest as much as 20 billion rupees ($312 million) over the next four to...
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DTE to shut coal plants, cut carbon emissions by 80 percent by 2050
May 16, 2017, 3:53 pm
U.S. energy company DTE Energy Co said on Tuesday it will build more natural gas and renewable power plants and shut all of its coal units by 2040, reducing carbon emissions by more than 80 percent from 2005 levels by 2050.
“We have concluded that not only is the 80 percent reduction goal...
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Glencore and Tohoku agree Australian coal price
May 9, 2017, 3:30 pm
Please use the sharing tools found via the email icon at the top of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article...
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Glencore and Tohoku agree Australian coal price
May 9, 2017, 3:30 pm
Please use the sharing tools found via the email icon at the top of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article...
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EU pollutant limits threaten large coal power plants: research
May 8, 2017, 3:14 pm
By Nina Chestney | LONDON
Stricter European Union pollutant limits could lead to costly upgrades or the closure of one third of Europe's large-scale coal power plant capacity, a report by the Institute for Energy Economics and Financial Analysis (IEEFA) showed on Monday.
On...
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Buyers ready to pounce on Rio Tinto coking coal mines: sources
May 5, 2017, 7:39 pm
By James Regan | SYDNEY
The sale of two Rio Tinto (RIO.AX) (RIO.L) coking coal mines in Australia is attracting scores of interested buyers as private equity and public companies compete for a foothold in one of the year's hottest commodities, four sources familiar with the...
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China allows North Korean coal ships to unload, but not import
April 28, 2017, 7:37 pm
BEIJING: China has allowed ships carrying North Korea coal to unload in port for "humanitarian reasons", but the cargo will not go through customs, the Foreign Ministry said on Wednesday.
Beijing banned imports of North Korean coal in late February for the rest of this year against the...
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REFILE-Polish coal-burning companies find ways to win big bank backing
April 26, 2017, 7:32 pm
WARSAW/LONDON, April 26 Many Western banks and finance institutions have pledged to divest from coal, but this has not stopped at least one Polish utility that is expanding its use of the fossil fuel from securing funding through banks and the European Investment Bank.
The institutions say the...
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