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Ministry Cannot Say When Coal Limitation Rule Can Start
Selasa, 22 Mei 2018 / 13:06 WIB
TEMPO.CO, Jakarta - The Energy and Mineral Resources Ministry cannot give an exact time of when the policy to limit coal production can commence. The limitation is stipulated in the Energy Minister`s Regulation No.25/2018 on Coal and Mineral Mining Businesses that was recently...
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Asia coal industry sees blue skies, ignores storm clouds: Russell
Kamis, 10 Mei 2018 / 10:19 WIB
NUSA DUA, Indonesia (Reuters) - Asia’s coal miners, shippers and traders are seeing strong demand and rising prices for their fuel, and they expect this happy situation to persist for several years to come.
It was a challenge to find anybody pessimistic about the outlook for coal in Asia,...
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Indonesia sees coal output flat in 2019 amid equipment shortage
Senin, 07 Mei 2018 / 16:50 WIB
NUSA DUA, Indonesia, May 7 (Reuters) - Indonesia is targeting annual production of 481 million tonnes of coal this year and next, a mining ministry official said on Monday, as producers of the fuel are struggling to get new heavy equipment and parts.
That’s up around 4 percent from the 461...
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Glencore completes Aussie coal deal
Jumat, 04 Mei 2018 / 18:17 WIB
Glencore has wrapped up the purchase of a stake in a large Australian thermal mine Australia, underscoring its position as the world’s biggest exporter of the fossil fuel.
The London-listed company on Friday said it had received the regulatory approvals needed to complete the acquisition...
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Two U.S. coal miners see growth amid sector's gloom
Rabu, 02 Mei 2018 / 18:30 WIB
U.S. electric utilities are expected to shut hundreds more of their coal-fired power generators in the coming years, extending a long trend away from coal and toward natural gas that has cast a pall over the mining industry.
But not every U.S. coal company sees a bleak future.
Ramaco...
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Strong Asian demand continues to hold up thermal coal markets
Jumat, 27 April 2018 / 11:11 WIB
LONDON/SINGAPORE (Reuters) - Asian thermal coal demand is defying its typical seasonal slowdown as well as the expanding use of renewables and natural gas, with prices holding not far off $100 a tonne despite the onset of the usual lull at this time of year.
Benchmark Australian thermal coal...
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UK runs without coal power for three days in a row
Selasa, 24 April 2018 / 11:20 WIB
The UK has been powered without coal for three days in a row, setting a new record and underlining the polluting fuel’s rapid decline.
Coal has historically been at the cornerstone of the UK’s electricity mix, but last year saw the first 24-hour period that the the country ran...
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China's January coal imports from Australia surge as blizzard hits
Senin, 26 Februari 2018 / 18:44 WIB
BEIJING (Reuters) - China’s coal imports from key supplier Australia surged in January from a year ago, customs data showed on Saturday, boosted by strong demand at utilities amid freezing weather.
The world’s top coal consumer brought in 7.94 million tonnes of coal from...
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Trump Administration Is Weighing Emergency Aid for Some Coal Plants
Jumat, 09 Februari 2018 / 18:54 WIB
After failing to win a bailout for cash-strapped coal plants, some Trump administration officials are considering emergency orders that could keep at least some coal generators online, people familiar with the discussions said.
The approach would require Rick Perry to use his authority as U.S....
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In the shadow of oil, coal markets rise from the ashes
Minggu, 04 Februari 2018 / 18:53 WIB
SINGAPORE/MELBOURNE (Reuters) - Far from entering the death throes predicted by some environmentalists and analysts, thermal coal miners are enjoying their best returns in years as strong Asian demand and tight supplies send prices soaring.
Chinese thermal coal futures hit a record of...
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Wind, Solar, Biomass Overtake Coal Power in EU for First Time
Rabu, 31 Januari 2018 / 16:19 WIB
Power generated by wind, solar and biomass in the European Union overtook coal for the first time in 2017, a report by Germany’s climate lobbyist Agora Energiewende and U.K. think tank Sandbag showed.
Wind and solar parks and biomass plants dotted from Ireland to Romania raised their share...
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Coal Bites Back in China Amid Supply Worry
Senin, 29 Januari 2018 / 16:09 WIB
In the latest reminder that coal still dominates the world’s biggest energy consumer, Chinese power producers are warning of supply tightness while one northern province plans to pause switching homes and industries to natural gas to avoid further heating shortages.
Four of China’s...
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Exclusive: Trump's coal job push stumbles in most states - data
Jumat, 19 Januari 2018 / 16:27 WIB
WASHINGTON (Reuters) - President Donald Trump’s effort to put coal miners back to work stumbled in most coal producing states last year, even as overall employment in the downtrodden sector grew modestly, according to preliminary government data obtained by Reuters.
Trump made...
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Coal India boss sees challenging times ahead
Senin, 15 Januari 2018 / 18:45 WIB
Coal IndiaBSE 0.99 % Ltd, which is struggling to meet coal production targets, foresees significant competition coming in from the private sector in the future, a top official of the company has said.
"More challenging times are ahead. Soon, mines for commercial exploitation will be...
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Coal India to charge customers on energy content in coal
Rabu, 10 Januari 2018 / 18:40 WIB
KOLKATA: Coal IndiaBSE 0.99 % has decided to shift to a pricing system under which customers would be billed on the basis of exact energy content per kilogram of coal in every consignment that is sold to them. The new system would be effective from April 1, 2018.
At present, prices of coal is...
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Asia powers demand for thermal coal
Senin, 08 Januari 2018 / 12:40 WIB
Thermal coal, the least loved major commodity, has jumped to its highest level since late 2016 as strong manufacturing activity in Asia and appetite from China drives demand.
Thermal coal is burnt to generate electricity, and is a big source of income for miners such as Glencore, Whitehaven and...
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China aims to supersize coal sector through mergers
Jumat, 05 Januari 2018 / 13:18 WIB
BEIJING (Reuters) - China said on Friday it plans to create several “super-large” coal mining companies by the end of 2020 as the world’s biggest producer of the fuel ramps up years of efforts to streamline the fragmented sector and slash outdated capacity.
The...
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Asian coal prices hit late 2016 high amid huge shipping congestion
Kamis, 04 Januari 2018 / 12:57 WIB
SINGAPORE (Reuters) - Asian benchmark thermal coal prices have pushed to their highest levels since 2016, fueled by demand in China and loading delays in Indonesia that have ramped up shipping congestion outside major coal ports.
Spot cargo prices for Australian Newcastle coal have risen nearly...
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Coal miner Toba Bara to issue US$250 million notes
Rabu, 27 Desember 2017 / 16:27 WIB
Publicly listed coal miner PT Toba Bara Sejahtra has announced plans to issue medium-term notes (MTN) worth US$250 million in order to refinance its debts and further expand its businesses.
The notes, which will be listed in the Singapore Exchange (SGX), will mature in five years with a maximum...
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Global coal consumption forecast to slow
Senin, 18 Desember 2017 / 12:45 WIB
Every major country in the world except India reduced its consumption of coal last year, with demand for the dirty fuel forecast to stagnate for the next half decade, according to official forecasts.
The International Energy Agency said 5.3bn tonnes of coal equivalent were burnt in 2016, down...
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Indonesia's coal king stands firm amid clean-energy challenges
Jumat, 15 Desember 2017 / 16:02 WIB
JAKARTA -- Garibaldi Thohir may be one of Indonesia's wealthiest men, but it is his younger brother that gets all the attention.
The younger brother, Erick Thohir, became a household name since buying the Italian soccer club Inter Milan in 2013, and he has continued to attract attention with...
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South Korea may only switch one planned coal power plant to gas
Senin, 11 Desember 2017 / 15:55 WIB
SEOUL, Dec 8 (Reuters) - Only one of South Korea’s planned coal power plants is likely to be converted to gas, the country’s energy minister said on Friday, despite government efforts to switch four out of nine coal plants to boost gas power generation.
South Korea is pursuing a...
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China does U-turn on coal ban to avert heating crisis
Jumat, 08 Desember 2017 / 11:38 WIB
China's government has allowed some northern cities to burn coal in a temporary policy U-turn, as the country faces a heating crisis.
Beijing had banned the use of coal for heating this winter in an ambitious plan to reduce pollution.
Recent winters had seen heavy smog blanket China's...
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China hit by gas shortages as it moves away from coal
Senin, 04 Desember 2017 / 11:31 WIB
Gas-supply shortages are hitting north and central China as Beijing tries to accelerate a shift away from coal rather than miss environmental targets this year.
The situation has left some residents — mainly urban migrants on neighbourhoods ringing the cities — without heat as...
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China underscores push toward longer term coal contracts
Rabu, 29 November 2017 / 11:27 WIB
BEIJING (Reuters) - China has again urged coal suppliers and buyers to sign more medium- and long-term contracts, amid robust demand for the fuel during the peak winter-heating season.
The National Development and Reform Commission (NDRC) said in a document published on Wednesday that medium- to...
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India's North American coal imports may surge on domestic shortage
Jumat, 24 November 2017 / 11:23 WIB
NEW DELHI (Reuters) - India’s coal imports from North America are likely to surge as buyers are looking to boost purchases amid a domestic shortage of the fuel and a regional ban on petroleum coke, traders and cement company officials said.
Shipping data from Thomson Reuters showed...
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China iron ore rises with steel; coking coal hits two-month high
Rabu, 22 November 2017 / 11:16 WIB
MANILA (Reuters) - Chinese steel futures rose for a third straight session on Wednesday, supported by leaner supply and expectations that consumption in the world’s top user would recover when production cuts are lifted after winter.
Prices of steelmaking raw materials iron ore and coking...
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Chinese company starts construction of Serbian coal-fired power plant
Senin, 20 November 2017 / 11:10 WIB
BELGRADE, Nov 20 (Reuters) - A Chinese company started construction on Monday of a new 350-megawatt unit at Serbia’s second largest coal-fired power plant, the first new electricity capacity in the Balkan country in nearly 30 years.
The $613 million project is part of a wider deal between...
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China Coal Output Falls to Eight-Month Low on Party Congress
Kamis, 16 November 2017 / 11:01 WIB
China’s coal production in October dropped to the lowest in eight months as some mines were shut to ensure safety during the twice-a-decade Community Party congress.
Production last month declined 8 percent from September to about 9.15 million tons a day, according to...
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Indonesia amends contracts with 13 coal mining companies
Selasa, 14 November 2017 / 10:51 WIB
JAKARTA (Reuters) - Indonesia has amended contracts with 13 coal mining companies, including some of the country’s biggest producers of the fossil fuel, as part of a shift toward a new mining permit system it expects to boost government revenues.
Indonesia’s 2009 mining law requires...
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Indian petcoke ban to boost coal imports amid already tight market
Kamis, 02 November 2017 / 19:54 WIB
NEW DELHI/SINGAPORE (Reuters) - A ban on petroleum coke around the Indian capital of New Delhi starting from Wednesday will require the country to raise its imports of coal to replace the fuel, just as Asia is heading into the tightest market conditions for coal in years.
India’s...
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Consol Energy sets timetable for split into coal, natural gas producers
Selasa, 31 Oktober 2017 / 20:02 WIB
Consol stockholders will retain their shares of company common stock, but as a result of the name change, these shares will represent shares of CNX Resources Corp. after the separation.
In addition, the master limited partnership currently named CNX Coal Resources LP will change its name to...
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One Rare Thing to Watch for in U.S. Coal Earnings: A Profit
Rabu, 25 Oktober 2017 / 20:04 WIB
After years of bleeding cash and a painful string of bankruptcies, U.S. coal miners are poised to do something rare -- enjoy an earnings season.
Boosted by higher global coal prices and a more conservative approach to mining, Peabody Energy Corp. kicks off the industry’s reporting cycle...
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China Datang says has enough coal supplies for winter
Senin, 23 Oktober 2017 / 20:07 WIB
BEIJING (Reuters) - China’s Datang Corp has 28 days of coal stocks for its power plants, enough for winter consumption, the company’s general manager told Reuters on Monday, brushing off concerns that utilities could not secure coal supplies for winter.
That amount of supply is...
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Indonesia's Adaro sees stable coal prices in 2018
Jumat, 20 Oktober 2017 / 19:48 WIB
Coal production in Indonesia, the world’s top thermal coal exporter, is expected to increase 5 percent in 2017 and 2018 from an estimated 440 million tonnes in 2016.
Domestic consumption is expected to reach 101 million tonnes this year. Coal is around 57 percent of the country’s...
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China's Shanxi plans nine more coal mine closures this year
Senin, 16 Oktober 2017 / 20:00 WIB
SHANGHAI (Reuters) - Authorities in Shanxi, one of China’s biggest coal-producing regions, said on Saturday they plan to close nine more coal mines by the end of this year, according to a post on a government website.
The planned closures come after authorities in the region vowed to...
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No new coal power stations in Java, Indonesia energy minister says
Kamis, 12 Oktober 2017 / 19:45 WIB
JAKARTA, Oct 12 (Reuters) - Indonesia will not approve any new coal-fired power stations on the heavily-populated island of Java as the country strives to reach its renewable energy development targets, the energy minister said on Thursday.
“We will not approve any coal-fired power plants...
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