The Adaro Blog
China’s June coal output falls 17% on year to 277.54 million mt
July 18, 2016, 11:33 am
Hunan, China (Platts)–15 Jul 2016 324 am EDT/724 GMT
China mined 277.54 million mt of crude coal in June, down 16.6% on year, according to figures released by the National Bureau of Statistics on Friday. In the first six months, China mined a total of 1,627.64 million mt of crude coal,...
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Domestic coal consumption cushions low global demand
July 15, 2016, 11:34 am
Amid declining global demand for coal, Indonesia is still seeing a gradual rise in domestic consumption for the commodity, driven mainly by the operation of new steam-fueled power plants and higher demand from the cement industry.
Data from the Energy and Mineral Resources Ministry shows that...
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Bright future for cleaner coal: Morgan Stanley
July 11, 2016, 11:39 am
Morgan Stanley says Australia’s $14 billion thermal coal export industry can be part of the solution to the global emissions abatement challenge, as well as commanding premium pricing.
Its twin call is based on the move towards new high-efficiency, low-emissions (HELE) coal-fired power...
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Rio Tinto sells coal mine for less than a cup of coffee
July 6, 2016, 11:40 am
Rio Tinto is selling its interest in an Australian coal mine for A$1 (US$0.75) — the latest transaction in the troubled coal sector agreed for less than the price of a cup of coffee.
The Anglo-Australian miner said on Monday it was in discussions with Terracom, an Australia-listed junior...
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Coal consumption forecast to gain 2.7% this year
July 1, 2016, 11:41 am
South Korea’s coal consumption is expected to grow nearly 3 percent in 2016 from a year earlier, a report said Thursday, despite government efforts to cut back on coal-fired power generation to tackle growing concerns over fine dust.
According to the report by the Korea Energy Economics...
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Coal price forecast to rise on production fall
June 29, 2016, 11:41 am
JOHANNESBURG (miningweekly.com) – A greater-than-expected decline in global mine production, predominately in China, has prompted Fitch group company BMI Research to forecast higher coal prices.
The research group now calculates that Newcastle coal will average $53/t this year, up on its...
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Philippine power supply jeopardized by Indonesian ban
June 28, 2016, 11:42 am
MANILA, Philippines – Indonesia’s decision to stop coal imports to the Philippines could spell problems for the local power industry that relies on coal-fired power plants to supply electricity, the Department of Energy (DOE) said.
The Philippines is heavily reliant on Indonesia for...
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Emerging Markets to Drive the Future of Coal
June 27, 2016, 11:50 am
World demand for coal is expected to grow by 7 percent through 2030 as a result of emerging markets prioritizing cost effective energy production methods over environmental sustainability. India and Southeast Asia hold 26 percent of the world’s population but account for only 13 percent of...
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Indonesia Chooses Gas Over Coal in Latest 10-Year Electricity Plan
June 24, 2016, 11:51 am
Indonesia has cut domestic coal consumption targets in its latest 10-year electricity development plans, to bring the power sector in line with the country’s carbon emissions goals laid out at the COP21 meeting in Paris last year.
While expected, the cuts will disappoint the...
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BHP Says India Steel Growth to Boost Coking Coal Outlook
June 22, 2016, 11:54 am
BHP Billiton Ltd., the world’s biggest exporter of coking coal, sees long-term demand growth for steel-making ingredients supported by rising output in emerging economies led by India.
The company lifted its coking coal production guidance for fiscal 2016 by 7.5 percent, forecasting rising...
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Glencore sees strong coal demand despite climate policies
June 22, 2016, 11:53 am
Power plant pipeline will ensure coal assets are not stranded, says Switzerland-based commodity and trading company in first major climate report
The world needs to slash greenhouse gas emissions, but don’t expect coal demand to radically fall as a result.
That’s the nub of a...
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BHP Billiton targets another $US600 million from coal arm by June 2017
June 20, 2016, 11:54 am
BHP Billiton targets another $US600 million from coal arm by June 2017
Man pleads guilty to posting abusive comments about Nova Peris on Facebook
Mining giant BHP Billiton says it is aiming to earn another $US600 million from its coal business by the end of the 2017 financial year as it seeks...
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Hendra Sinadia: the Gov`t Should Offer Incentives
June 19, 2016, 11:55 am
Hendra Sinadia: the Gov`t Should Offer Incentives
Sunday, 19 June, 2016 | 18:08 WIB
Hendra Sinadia: the Gov`t Should Offer Incentives
TEMPO.CO, Jakarta - The coal mining industry in Indonesia has not performed at its best these past few years. The price of coal has been...
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OPEC Has Its Way as China Oil Output Cut by Most in 15 Years
June 15, 2016, 11:57 am
China’s crude production dropped by the most in 15 years in another sign that OPEC’s strategy of flooding markets to drive out higher-cost suppliers is working in the world’s biggest energy consumer.
The Asian nation reduced oil output in May by 7.3 percent from a year ago to...
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Japan Unswayed by Increasing Pressure to Disavow Coal Support
June 14, 2016, 11:58 am
Government sees emissions cuts from more efficient coal plants
Carbon capture and storage development needed, METI says
Japan, faced with increasing calls from environmentalists to phase out coal, is standing by its support of the fossil fuel, saying it will help developing...
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China Cuts Oil Output by Most in 15 Years, Coal Production Slows
June 13, 2016, 12:01 pm
(Bloomberg) — China cut crude production by the most in 15 years as producers shut higher cost fields.
The world’s second-largest oil consumer reduced oil output in May by 7.3 percent from a year ago to 16.87 million metric tons, according to data from National Bureau of Statistics...
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Coal to Replace Gas as Japan’s Leading Power Source From 2019
June 13, 2016, 11:59 am
Coal is set to overtake gas within the next three years as the largest generator of power in Japan as power utilities replace aging nuclear capacity with the fossil fuel, Bloomberg New Energy Finance said.
Nuclear power, which accounted for about 29 percent of Japan’s total power output...
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Coal Rides Commodities Rally in Push to 10-Month High in Europe
June 8, 2016, 12:02 pm
European coal prices surged to the highest in 10 months, buoyed by rising fuel prices and supply disruptions.
Coal for delivery to northwest Europe next year gained for a ninth day on Monday, adding 3.2 percent to the highest since August 7, according to broker data compiled by Bloomberg. The...
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Colombian thermal coal heads to Middle East in rare move
June 6, 2016, 12:04 pm
Singapore (Platts)–3 Jun 2016 523 am EDT/923 GMT
In a rare move, a Capesize vessel laden with Colombian thermal coal has made its way to the Persian Gulf, according to S&P Global Platts cFlow trade-flow software and trade sources this week.
The MV Pioneer, a 171,681 dwt Capesize...
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BHP steps up carbon storage efforts
June 6, 2016, 12:03 pm
BHP Billiton is stepping up its efforts to bolster the use of technology to capture and store carbon emissions, by funding a joint research program with Peking University, which is aimed at slashing carbon emissions in the industrial sector.
The company is already working in the power sector in...
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How Indonesia is mining its problems away
June 3, 2016, 12:12 pm
https://govinsider.asia/innovation/how-indonesia-is-mining-its-problems-away/
The Oppenheimer Blue sits in a proportionate cut, emanates azure hues under light, and has been described as “the Mona Lisa of blue stones”. The prized diamond shone at auctioneers in Geneva this May, and...
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THERMAL COAL-Market rises as production cuts tackle glut
June 3, 2016, 12:11 pm
European thermal coal prices rose this week, boosted by cuts to production shrinking the supply overhang, while higher oil prices were also supportive.
European cargoes for nearby delivery to Amsterdam, Rotterdam or Antwerp (ARA) last closed at $52.31 a tonne, up around 3 percent in the past...
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Coal producers to raise prices of water-transported products
June 1, 2016, 12:13 pm
Four major coal companies are to raise the price of their coal ready for shipment at ports by 10 yuan ($1.5) per ton during June.
Shenhua Group Corp, China Coal Energy Group Co Ltd, Datong Coal Mine Group and Inner Mongolia Yitai Group Co Ltd revealed the move on Friday.
According to a report...
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Indonesia says coal output will fall next year
May 31, 2016, 12:14 pm
http://www.miningweekly.com/article/indonesia-says-coal-output-will-fall-next-year-2016-05-30
Indonesia expects its coal production to edge down in 2017, as smaller miners cut output due to lower prices for the commodity, a government official said on Monday. “It’s natural selection....
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China’s Coal Price Climbs to Eight-Month High Amid Supply Cut
May 30, 2016, 12:15 pm
China’s benchmark coal prices climbed to the highest since September as government steps to curb supply amid a glut started to take effect.
Spot coal with an energy value of 5,500 kilocalories per kilogram at the port of Qinhuangdao, China’s benchmark grade, rose 10 yuan to an...
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Why coal is a bad bet for Indonesia’s future
May 27, 2016, 12:17 pm
http://www.thejakartapost.com/academia/2016/05/26/why-coal-is-a-bad-bet-for-indonesias-future.html
This month, across the world, people are standing up for a future without fossil fuels. The Break Free movement envisages a world powered not with the dirty energies of coal and oil, but with...
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China’s Coal Prices to Rise 20% Amid Production Cuts, Citi Says
May 25, 2016, 12:18 pm
China’s coal price may rise 20 percent by the end of this year as government steps to reduce production outpace a decline in demand, according to Citigroup Inc.
Power-station coal at the northeastern port city of Qinhuangdao may rise to 450 yuan ($69) a metric ton by December from 376 yuan...
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Japan, Germany Lead G7 as Sources of Coal Financing, Study Says
May 24, 2016, 12:20 pm
Japan was the leading source of coal financing among Group of Seven nations in the nine years ended in 2015, accounting for more than half of all support from governments or quasi-government bodies, according to a study by environmental groups seeking a ban on the funding of coal-power...
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China seeks coal production capacity cuts by state-owned companies
May 23, 2016, 12:20 pm
Singapore (Platts)–19 May 2016 536 am EDT/936 GMT
Following a clampdown on illegal mines, China has now asked state-owned coal companies to cut their capacity by 10% and improve their efficiency, the Ministry of Finance said on its website late Wednesday.
The government has allocated...
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Mining deals plummet in value as commodities bust continues
May 20, 2016, 12:23 pm
The end of the mining boom and lower commodity prices are continuing to hit the global mining industry hard as the world’s biggest miners sell off unprofitable mines and troubled miners sell assets to cut debt.
A new report by accounting firm Ernst & Young has found that the value of...
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Peabody sells Australian coal acreage
May 18, 2016, 12:24 pm
Private equity’s push into the Australian coal sector has continued as Denham Capital takes control of some of Peabody Energy’s best undeveloped acreage and hints it may buy more of the struggling coal miner’s Australian business.
Peabody sold the tenements in...
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Chinese Coal Giant’s Emissions to Fall after Upgrades
May 16, 2016, 12:25 pm
BEIJING, May 12, 2016 /PRNewswire/ – China’s largest coal producer Shenhua Group has completed upgrades to its coal-fired power plants in the Beijing-Tianjin-Hebeiregion that will dramatically reduce their emissions.
A milestone in China’s efforts to be more environmentally...
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Moody’s: Outlook remains negative for coal industry
May 9, 2016, 12:27 pm
Moody’s expects the coal industry’s combined net income to decline by more than 10 percent over the next year to year and a half.
As persistent weakened demands continue to hinder the industry and regulatory conditions, the EBITDA — earnings before interest, taxes, depreciation...
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Coal India Cuts Output 1st Time in More Than Year Amid Glut
May 4, 2016, 12:29 pm
Coal India Ltd., the world’s biggest miner, saw production and shipments of the fuel fall year-on-year for the first time in 15 months as sluggish demand caused stockpiles to swell.
Output in April dropped 3.4 percent from a year ago to 40.09 million metric tons, while shipments during the...
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China top coal producer reports less profits in Q1
May 2, 2016, 12:30 pm
CHINA Shenhua Energy Company Limited, the nation’s top coal producer, has said its net profits plummeted 28.3 percent year on year to 4.74 billion yuan (US$734 million) in the first quarter of 2016.
Shenhua, a State-owned enterprise listed both in Shanghai and Hong Kong, said in a...
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China’s coal consumption to weaken further
April 27, 2016, 12:32 pm
China is the world’s largest consumer of coal, accounting for around half of global consumption [Xinhua]
China’s coal consumption will be around 4.3 billion tonnes by 2020 amid a push to use cleaner fuels and shift a slowing economy away from heavy industry, the China National Coal...
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JBIC undecided on $4 bln Indonesia power project -CEO
April 25, 2016, 12:33 pm
TOKYO/JAKARTA, April 22 (Reuters) – The Japan Bank for International Cooperation (JBIC) has not decided whether to fund the $4 billion Batang coal-fired power station project in Indonesia, its chief executive said on Friday, following protests by green groups and landowners.
PT...
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Glencore, Tohoku set coal contract, but benchmark fades
April 22, 2016, 12:34 pm
Glencore and Tohoku Electric Power set a Australian thermal coal import price 9 percent below last year, although the traditional benchmark for industry pricing appears to be breaking down, sources said.
The contract price for the financial year beginning April 1 was set at $61.60 per tonne,...
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Top coal miner Peabody files for bankruptcy
April 20, 2016, 12:35 pm
Peabody Energy Corp, the world’s largest privately-owned coal producer, has filed for Chapter 11 bankruptcy protection in the US.
The move comes in the wake of a sharp fall in coal prices that left the company unable to service a recent debt-fueled expansion into...
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Doom and gloom persist, but signs of recovery for coal industry
April 18, 2016, 12:36 pm
The steam-coal market is expected to remain challenging for the next few years, due to prices close to all-time lows, a massively oversupplied Chinese market, uncertain Indian market growth, and diminishing consumption across Europe, the United States and China, according to IHS Inc. (NYSE: IHS),...
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Coal association agrees to help reduce emissions
April 8, 2016, 12:41 pm
Activities are carried out at a coal mining site owned by PT Adaro Indonesia in Balangan, South Kalimantan.(The Jakarta Post/R. Bertho Wedhatama)
The Indonesian Coal Mining Association (APBI) is ready to support the government’s carbon emissions reduction program, calling on all...
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Coal prices slide again in 2016
April 6, 2016, 12:42 pm
Thermal coal prices will remain below current spot prices until at least 2021, according to Macquarie, and could face a wave of brutal competition from natural gas that threatens to depress prices even further.
According to a recent Macquarie report on the global LNG market, the world faces a...
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