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EIA forecasts US coal production for 2019 to fall 10.6% on year

September 10, 2019, 6:15 pm

Houston — The US Energy Information Administration forecast coal production of about 674 million st in 2019, down 10.6% from year-ago production, the agency's Short-Term Energy Outlook reported Tuesday. September's forecast for 2019 output was up 2% from August's...

Bids, offers strengthen for low-CV Indonesian coal

September 9, 2019, 7:04 pm

Prompt September-loading geared Supramax GAR 4,200 kcal/kg cargoes were bid today at $32/t and offered at $32.50/t. September now falls outside the current 60-day October and November assessment window for inclusion in the Argus index. But the latest bid-offer range is higher than late last week,...

BHP urges investors to veto resolution against coal lobbying

September 6, 2019, 7:35 pm

MELBOURNE (Reuters) - Mining giant BHP Group Ltd urged shareholders on Thursday to vote against a resolution that would require the company to quit industry groups that lobby for policies inconsistent with the Paris climate change agreement. Several BHP shareholders, including the Church of...

PLN raih 3 penghargaan ASEAN Coal Awards 2019 di Bangkok Thailand

September 5, 2019, 4:30 pm

KONTAN.CO.ID -JAKARTA. Pembangkit Listrik Tenaga Uap (PLTU) milik PLN berhasil meraih sekaligus 3 (tiga) penghargaan dalam ajang ASEAN Coal Awards 2019 yang diselenggarakan melalui ASEAN Centre for Energy (ACE) di Bangkok, Rabu (4/9). Dikelola langsung oleh Anak Perusahaan PLN yaitu Indonesia...

Asia's growing coal use could negate global climate change progress, U.N. says

September 4, 2019, 5:55 pm

BANGKOK (Reuters) - Asia’s heavy and expanding reliance on coal power risks cancelling out global progress towards preventing catastrophic climate change, a top United Nations official warned on Wednesday. While developing economies such as India, Indonesia, the Philippines and Vietnam...

EIA Monthly Report Documents Decline Of Coal In US Electricity Generation

September 2, 2019, 6:00 pm

When people talk about “big government,” they may be referring to the reams of paper the government uses each month to print reports. Take the Energy Information Agency, for example. It has just issued its monthly report on energy production for June, 2019. The report is 272 pages long....

100% FDI will create a Competitive Coal Market: Coal Minister

August 30, 2019, 6:55 pm

70% of India's electricity is generated from thermal power plants The decision of 100% FDI under automatic route for coal mining activities including associated processing, infrastructure in the coal sector is the biggest reform by Modi Government which will help provide power to all...

Indonesia's decision to move capital to East Kalimantan could disrupt coal mining: sources

August 28, 2019, 6:43 pm

Singapore — Market sources expect some disruption to mining activity and stricter environmental standards after the Indonesian government picked the coal-producing region of East Kalimantan to host the country's new capital. President Joko Widodo said Monday the new capital would be in...

South Africa's Eskom could sell coal-fired power plants -finance ministry study

August 27, 2019, 6:42 pm

JOHANNESBURG (Reuters) - South Africa’s state power firm Eskom could sell its coal-fired power stations, possibly through a series of auctions, according to a policy paper published by the finance ministry on Tuesday for public comment. Eskom supplies more than 90% of the power in...

Australian thermal coal exporters warned of falling demand from India

August 23, 2019, 7:44 pm

Thermal coal exporters face “significant risk” that demand from India will decline, a report by the Australian office of the chief economist says. It also warned of long-term uncertainties in the market considered a “great hope” by miners. The report, released on...

China slowdown knocks Asia coal price to 3-year low

August 21, 2019, 7:49 pm

The price of coal used in power stations in Asia has fallen to its lowest level in three years due to fading demand in India and China, the two biggest coal consumers. Having surged to $120 a tonne last summer, the Australian benchmark seaborne price of thermal coal has fallen 44 per cent to $61...

China provides $1 billion in 'green' finance to coal projects in first half of the year

August 19, 2019, 7:50 pm

SHANGHAI (Reuters) - Chinese financial institutions provided at least $1 billion in “green” financing to coal-related projects in the first half of this year, a review of financial data showed, with fossil fuels still playing a major role in Beijing’s energy strategy. According...

A Burning Question for Coal’s Brightest Star

August 16, 2019, 7:36 pm

If India is such a bright hope for global coal demand, why can’t investors see it? The country will experience the largest increase in coal burning through 2023, according to the International Energy Agency, with a 3.9% annual pace of growth that should be enough to offset falling...

Analysis: In India's energy mix, gas faces tough battle with coal

August 15, 2019, 6:00 pm

Singapore — India is stepping up efforts to raise the share of gas in its energy basket, but consumption is unlikely to move ahead at a pace the government is aiming for as infrastructural and pricing hurdles erode its competitiveness with relatively cheaper fuels such as coal. Analysts...

China’s Slumping, So What’s Up With Coal?

August 14, 2019, 5:57 pm

While China’s industrial sector crashes, one corner is booming. Oddly enough, it’s probably bad news for participants. Fixed-asset investment in mining increased 27.4% from a year earlier in July, continuing an extraordinary run this year that puts growth at the fastest pace in a...

India's Coal Import Rises 29 Per Cent To 24 Million Tonnes In June

August 12, 2019, 7:08 pm

The country's coal imports increased by 28.7 per cent to 24.14 million tonnes in June on the back of softening of non-coking coal prices in the international markets. The country had imported 18.75 million tonnes of coal in the corresponding month of the previous fiscal, according to a...

Analysts revise Q4 coal price outlook down 4%

August 9, 2019, 6:50 pm

Pacific basin benchmark Newcastle coal prices will likely average USD 79.30/t in the fourth quarter, down 4% – or USD 3.30 – from previous estimates, amid expectations of weaker demand, said economic analysis firm Focus Economics. Prices in 2020 would average 3% less than forecast...

Indonesia's coal reference price up slightly in August

August 7, 2019, 8:22 pm

The government has set the country's coal reference price (HBA) for August at US$72.67 per ton, a slight increase from $71.92 per ton the previous month. Energy and Mineral Resources Ministry spokesman Agung Pribadi said little change was expected in coal prices on the world market this...

China coal mine approvals surge despite climate pledges

August 6, 2019, 6:35 pm

SHANGHAI/BEIJING (Reuters) - Approvals for new coal mine construction in China have surged in 2019, government documents showed, with Beijing expecting consumption of the commodity to rise in the coming years even as it steps up its fight against smog and greenhouse gas emissions. Long-term cuts...

Indonesia raises coal benchmark price for first time in a year in Aug

August 5, 2019, 7:49 pm

* The Indonesian government has set its coal benchmark price (HBA) for August at $72.67 per tonne, according to an official document from the Energy and Mineral Resources Ministry * It is higher than July’s benchmark price of $71.92 and also the first increase in a year, according to Eikon...

Coal demand to rise 12 percent next year: PLN

August 2, 2019, 6:29 pm

State electricity firm PLN has estimated that the coal use for electricity generation in Indonesia will increase by around 12 percent this year due to additional demand from new power plants. PLN system planning manager Arief Sugiyanto said in Jakarta on Thursday that two new coal-fired power...

India expects coal-fired power capacity to grow 22% in three years

July 31, 2019, 6:27 pm

NEW DELHI (Reuters) - India's coal-fired power generation capacity is expected to rise by 22.4% in three years, the federal power ministry's chief engineer said on Wednesday, potentially neutralising its efforts to cut emissions by boosting adoption of renewable energy. India, the third...

Produksi coking coal United Tractors (UNTR) melonjak 98,24% pada Semester I 2019

July 31, 2019, 6:24 pm

KONTAN.CO.ID - JAKARTA. PT United Tractors Tbk (UNTR, anggota indeks Kompas100 ini) berhasil menorehkan pertumbuhan produksi batubara kokas atawa coking coal pada semester I 2019. Corporate Secretary United Tractors Sara K Loebis menuturkan perseroan sudah memproduksi 674.000 ton batubara kokas....

Insurance giant Suncorp says it will no longer cover new thermal coal projects

July 26, 2019, 7:51 pm

Australian insurance giant Suncorp will no longer invest in, finance or insure new thermal coal mines and power plants, and will not underwrite any existing thermal coal projects after 2025. This is the latest in a series of pledges by banks and financial services companies that they will not...

Anglo approves development of ‘technologically advanced’ Aquila coal mine

July 25, 2019, 8:25 pm

Anglo American has approved the development of the Aquila project, in central Queensland’s Bowen Basin, which will become one of the most “technologically advanced underground mines in the world”, according to the company’s Tyler Mitchelson. With an expected capital cost...

34 coal miners seek additional quotas

July 23, 2019, 7:15 pm

Thirty-four coal mining companies have submitted their work program and budget revisions (RKABs) to the Energy and Mineral Resources Ministry to apply for process production quota increases, a ministry official said on Monday night. The ministry’s coal supervisory and business director,...

Indian utilities' coal imports in H119 rise over 53% from year ago

July 19, 2019, 8:20 pm

NEW DELHI, July 19 (Reuters) - Coal imports by Indian coal utilities during the first half of 2019 rose 53.4% from a year earlier to 35.47 million tonnes, data provided by India’s Central Electricity Authority (CEA) showed. Demand for seaborne coal imports in India has risen because of a...

Indian utilities' coal imports in H119 rise over 53% from year ago

July 19, 2019, 6:34 pm

NEW DELHI, July 19 (Reuters) - Coal imports by Indian coal utilities during the first half of 2019 rose 53.4% from a year earlier to 35.47 million tonnes, data provided by India's Central Electricity Authority (CEA) showed. Demand for seaborne coal imports in India has risen because of a...

BHP aims to cut thermal coal output for next year, raise quality

July 17, 2019, 8:40 pm

MELBOURNE (Reuters) - The world’s biggest miner, BHP Group, on Wednesday said it planned to produce less thermal coal in the coming financial year and that it would wash it instead as part of a drive to raise the quality of the commodity. BHP said its New South Wales Energy coal production...

China June coal output hits record high as miners ramp up ahead of summer

July 16, 2019, 7:28 pm

China’s coal output rose in June from the previous month to a record high, official data showed, as miners ramped up production to ensure supply ahead of peak summer demand for electricity. The world’s top coal producer churned out 333.35 million tonnes of coal in June, up 6.7% from...

King coal rules in Japan as power utilities in thrall to low-cost fuel

July 12, 2019, 6:54 pm

Coal-power stations capable of producing 10,437 megawatts (MW) of electricity will be fired up in the next few weeks, a Reuters survey of the companies shows. Japanese utilities will rely on the return of coal-fired power plants from maintenance to meet peak electricity demand this summer,...

BHP Is Latest Giant Miner to Plan Exit From Thermal Coal

July 11, 2019, 6:51 pm

BHP Group is moving ahead with plans to exit thermal coal, according to people familiar with the matter, the latest move by the world’s biggest miners to retreat from the dirtiest fuel. BHP is looking at options to divest the business that includes assets in Australia and Colombia, said...

Chinese Thermal Coal Demand Set To Fall With Launch Of New Power Transmission Line

July 9, 2019, 8:24 pm

A new ultra-high voltage transmission line launched this week in China is expected to dramatically cut demand for thermal coal, according to market sources quoted by S&P Global Platts. The new ultra-high voltage transmission line, stretching 3,324 kilometers (2,065-miles) from the Xinjiang...

Germany's coal exit contrasts with Australia

July 6, 2019, 8:18 pm

Bochum, Germany: While the ink is still drying on the approval for Australia's new controversial coal mine, Germany is working to extinguish the coal industry entirely. Adani was cleared to start work on the Carmichael mine in central Queensland in mid-June after the state government ticked...

Future tense: Fastest-growing market Asia rethinks coal's prospects

July 4, 2019, 6:29 pm

NUSA DUA, Indonesia (Reuters) - After riding China’s demand train for nearly two decades, Asia’s coal industry is looking to a future of smaller markets and slimmer pickings, as buying declines in the world’s second-biggest economy and climate change concerns blunt demand. By...

US won't impose rule to protect against coal ash spill costs

July 3, 2019, 7:37 pm

BILLINGS, Mont. (AP) — The Trump administration said Tuesday that it won't require electric utilities to show they have money to clean up hazardous spills from power plants despite a history of toxic coal ash releases contaminating rivers and aquifers. Environmental Protection Agency...

Australia sees gold overtaking thermal coal as export earner

July 1, 2019, 8:00 pm

MELBOURNE, July 1 (Reuters) - Australia expects gold to overtake thermal coal as its fourth-largest export earner in the coming financial year as coal prices fall on subdued demand from Asia, while global tensions prop up gold prices. Asian demand for the heating fuel is expected to top out this...

Coal Demand Rises, But Remains Below Peak Levels

June 28, 2019, 8:00 pm

This article is the third in a series on BP's recently-released Statistical Review of World Energy 2019. The Review provides a comprehensive picture of supply and demand for major energy sources on a country-level basis. In the first article of the series, I discussed the trends in global...

Indonesia regulatory changes to bring more uncertainty to coal sector

June 26, 2019, 7:48 pm

NUSA DUA, Indonesia (Reuters) - Indonesian coal miners said upcoming regulatory changes are putting added pressure on their businesses amid depressed prices and rising competition from other energy sources. The Indonesian government is in the process of amending coal mining rules to enforce...

Slow pace of reforms spurring higher coal imports by Indian utilities

June 26, 2019, 7:46 pm

NEW DELHI (Reuters) - Coal imports by Indian utilities are surging after the government failed to open the industry to competition, despite passing a liberalization policy 16 months ago, because of bureaucratic indecision and resistance from unions, industry and government officials...

Asia's coal developers feeling left out by cold shoulder from banks

June 25, 2019, 7:44 pm

NUSA DUA, Indonesia (Reuters) - Developers of coal mines and coal-fired power plants in Asia are facing difficulties growing their businesses as global financial institutions refuse to back their projects to avoid criticism over climate change, industry participants said on Tuesday. That is...

China's May thermal coal import rises 35% on year as market activity picks up: GAC

June 24, 2019, 7:15 pm

China imported 20.68 million mt of thermal coal in May, up by about 19.3% from April and 34.8% from a year ago, according to the coal import data released by the General Administration of Customs on Sunday. According to the data, China imported 9.89 million mt of lignite in May, up 2.49% month...

Indonesian firm to export coal to Bangladesh

June 20, 2019, 7:12 pm

Bangladesh is set to import coal for the first time for a power plant as part of efforts to diversify its fuel mix in the electricity generation sector. The Bangladesh-China Power Company signed a deal with an Indonesian firm in Dhaka on Sunday to import coal for the 1,320-megawatt coal-fired...

Bumi Resources expects to sell 42 million tons of coal in first half

June 20, 2019, 7:09 pm

PT Bumi Resources (BUMI), Indonesia's largest thermal coal miner, expects to close the first half of this year with coal sales of 42 million tons, or 47 percent of its full-year target of 88-90 million tons. BUMI corporate secretary Dileep Srivastava said on Tuesday that the firm had sold 20...

Coal India gains 2% as CLSA optimistic on volume growth and cost

June 18, 2019, 8:01 pm

Shares of country's largest coal miner Coal India gained 1.7 percent intraday on June 18 after global brokerage house CLSA said it is optimistic on company's volume growth and cost, although there is no visibility on price hikes yet. Company is optimistic on production growth despite...

Thermal Coal Glut: Who Will Blink First?

June 17, 2019, 7:59 pm

Demand for thermal coal is falling, particularly in the Atlantic, as coal-to-gas switching has become a driver of demand destruction in Europe. Brokers note this has ramifications for the Pacific, as suppliers look to Northeast Asia to absorb the glut. Atlantic coal prices have not staged a...

Hopes for climate progress falter with coal still king across Asia

June 15, 2019, 7:56 pm

The world’s largest sovereign wealth fund is preparing to leave fossil fuels behind. Last week, Norway’s parliament confirmed by unanimous vote that its $1tn sovereign wealth fund would dump $13bn of fossil fuel investments – and start investing billions in renewables. The move...

Australia Seals Coal Commitment as Controversial Mine Approved

June 13, 2019, 7:49 pm

Australia has approved Adani Group’s controversial coal project that opens up a new mining region and puts the world’s biggest exporter further at odds with the global movement to phase out the fuel. The Carmichael mine, which has faced steady resistance by environmental groups since...

Why embattled UK stockpicker may be a canary in the coal mine

June 10, 2019, 8:09 pm

This theory helped guide the asset management industry that burgeoned over the next half-century by balancing considerations of market risk and expected return. Over the generally booming markets of recent decades — notwithstanding the equities shocks of 2000 and 2008 — MPT has...

G20 in Japan: Time for PM Abe to End Support for Coal Plants

June 6, 2019, 7:57 pm

Over 23,000 hospitalizations, outdoor pools too hot for swimming, construction workers wearing battery-powered fans to avoid heatstroke, and the deaths of 1,032 people—these were the direct consequences of the July 2018 heatwave in Japan, when temperatures reached 106 degrees Fahrenheit (41.1...

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