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China To Cap Use of Coal at 55% of Total Power Output by 2020
Selasa, 08 November 2016 / 10:35 WIB
A file picture of workers operating an excavator at a coal depot in Heilongjiang province. Photo: Reuters
China aims to cap coal-fired power generating capacity at 1,100 gigawatts by 2020, higher than the current ceiling but accounting for less of the country’s total power supply as the...
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China to cap use of coal at 55 per cent of total power output by 2020
Selasa, 08 November 2016 / 10:17 WIB
A file picture of workers operating an excavator at a coal depot in Heilongjiang province. Photo: Reuters
China aims to cap coal-fired power generating capacity at 1,100 gigawatts by 2020, higher than the current ceiling but accounting for less of the country’s total power supply as the...
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China Doubles Down on Coal Despite Climate Pledge
Senin, 07 November 2016 / 10:36 WIB
BEIJING—China’s government said it would raise coal power capacity by as much as 20% by 2020, ensuring a continuing strong role for the commodity in the country’s energy sector despite a pledge to bring down pollution levels.
In a new five-year plan for electricity released...
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China Doubles Down on Coal Despite Climate Pledge
Senin, 07 November 2016 / 10:18 WIB
BEIJING—China’s government said it would raise coal power capacity by as much as 20% by 2020, ensuring a continuing strong role for the commodity in the country’s energy sector despite a pledge to bring down pollution levels.
In a new five-year plan for electricity released...
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Climate Promises Can’t Kill Asia’s Coal Addiction
Jumat, 04 November 2016 / 10:37 WIB
Asia’s demand for coal is likely to increase for years to come even though countries including China, Japan and India have agreed on steps to limit fossil-fuel pollution damaging the climate.
That’s the conclusion an analysis of Bloomberg New Energy Finance delivered at its...
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Global carbon intensity falls as coal use declines
Selasa, 01 November 2016 / 10:40 WIB
The amount of carbon needed to power the global economy fell to record lows in 2015, as coal consumption in major economies plummeted.
PricewaterhouseCoopers’ (PwC) annual Low Carbon Economy Index report has found that the global carbon intensity (emissions per unit of GDP) fell by...
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Batubara Memanas Jelang Musim Dingin
Rabu, 26 Oktober 2016 / 10:44 WIB
JAKARTA. Batubara masih terus melesat setelah mencetak rekor harga baru pekan lalu. Mengutip Bloomberg, Jumat (21/10), harga batubara kontrak pengiriman Desember 2016 di ICE Futures Exchange terbang 3,59% menjadi US$ 93,75 per metrik ton. Dalam sepekan pun harganya berhasil menanjak...
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China Miners Jump as Coal Price Seen Rising on Tight Supply
Senin, 24 Oktober 2016 / 10:45 WIB
China’s biggest coal miners jumped on speculation producers won’t be able to boost domestic output fast enough before winter. Coal-fired power generators fell.
China Shenhua Energy Co. rose 3.9 percent in Hong Kong trading to close at HK$16.72, the highest since July 2015....
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Glencore’s Coal Hedge Gets More Painful as Prices Rally
Rabu, 19 Oktober 2016 / 10:48 WIB
The rally in thermal coal is taking a bigger bite out of Glencore Plc’s profits after the world’s biggest exporter of the fuel locked in prices prior to the surge.
The Swiss company reported a $395 million mark-to-market non-cash loss in the first half on hedges for future sales,...
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Even At $100 For Coal, Asia’s LNG Industry Struggles To Compete
Senin, 17 Oktober 2016 / 10:49 WIB
SINGAPORE, Oct 17 (Reuters) – The liquefied natural gas (LNG) sector has watched with joy how thermal coal prices have soared this year, hoping that the unexpected spike would at last make LNG price competitive in Asia.
Although much cleaner than coal in terms of pollution and carbon...
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Coal deficit may not go away till 2020
Jumat, 14 Oktober 2016 / 10:50 WIB
Despite the problem of plenty, India may continue to suffer from deficit in coal requirement due to delays in opening up of commercial mining to private sectors and slow approvals for new state miners, a leading research house has commented.
According to a report by BMI Research, an arm of...
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Glencore to hire coal miners as prices rebound on Asia demand
Rabu, 12 Oktober 2016 / 10:51 WIB
Glencore will hire more than 200 workers at its Collinsville coal mine in Australia after scaling back its payroll earlier this year, amid resurgent demand for coal in Asia, the company said on Tuesday.
“We are now seeing increased demand from Southeast Asia for the specific type of coal...
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Peabody deal at $200/mt said to break Q4 coking coal impasse
Selasa, 11 Oktober 2016 / 10:53 WIB
A benchmark coking coal accord at the upper end of expectations appears to be getting established, as Peabody Energy has sold North Goonyella premium mid-vol at $200/mt FOB Australia under contract for the fourth quarter to Nippon Steel, according to a source close to the matter.
The source...
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Indonesia’s October HBA thermal coal price hits 2-year high
Senin, 10 Oktober 2016 / 10:54 WIB
Indonesia’s Ministry of Energy and Mineral Resources has set its October thermal coal reference price, also known as Harga Batubara Acuan or HBA, at $69.07/mt FOB, up 8% from September and the highest level in two years. October HBA also represents a 20% jump from a year ago. The HBA was last...
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Indonesia’s coal consumption remains high: BP
Jumat, 07 Oktober 2016 / 10:55 WIB
Despite a global shift toward more environmentally friendly energy sources, Indonesia’s coal consumption has increased significantly over recent years, partly triggered by a sharp drop in coal consumption in key coal markets, a British oil giant report has revealed.
The BP Statistical...
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China Rushes to Boost Coal as Rally Warns: Winter Is Coming
Rabu, 05 Oktober 2016 / 10:56 WIB
China’s efforts to shrink its bloated coal industry may have worked too well, too fast.
Prices have surged more than 50 percent this year after the government ordered miners to cut output to ease a glut and help lift the industry out of crisis. Now, as winter looms and fuel demand peaks,...
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Coking coal price rally to subside on improved supply in 2017: Citi
Senin, 03 Oktober 2016 / 10:57 WIB
Coking coal’s supply-driven price rally will likely abate by mid-2017 as production issues and transport hurdles in Australia and China ease, Citi Research analysts said.
“Short-term supply disruptions in China have been resolved and in Australia should be back to normal in the short...
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Imelda Adhisaputra: Coal is still good business
Jumat, 30 September 2016 / 10:58 WIB
TEMPO.CO, Jakarta - In June this year, BHP Billiton Indonesia made a surprising business decision by selling 75 percent of the shares of its subsidiary IndoMet Coal (IMC) to Adaro Energy for US$120 million (Rp1.56 trillion). The acquisition gives Adaro, which already owns 25 percent stake in IMC,...
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China Coal Control Jolts World Markets From Steel to Freight
Kamis, 29 September 2016 / 11:02 WIB
China’s efforts to overhaul its coal industry to reduce overcapacity after years of expansion and curb pollution are reverberating through global markets from steel to freight.
What’s happening?
Output has fallen more than 10 percent so far this year as the government of President...
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Australia miner says surging coal prices curbing asset sales in sector
Rabu, 28 September 2016 / 11:00 WIB
Australia-listed miner Terracom Ltd says the steepest rally in coal prices in over half a decade means that mines digging the commodity are becoming more expensive to buy, curbing a wave of purchases in the sector.
Less than a year after the coal industry was declared to be in terminal decline...
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Indonesia’s Diesel Demand Picks Up
Selasa, 27 September 2016 / 11:01 WIB
JAKARTA (Reuters) –Consumption of diesel by Indonesian miners has picked up for the first time in four years as coal producers in the country ramped up output to meet Chinese demand, offering a glimmer of hope to Asian traders grappling with multi-year low fuel margins.
Once Asia’s...
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Coal’s cost advantage over LNG slipping, but not yet enough: Russell
Selasa, 20 September 2016 / 11:03 WIB
Thermal coal has been one of the commodity success stories this year, but there is a risk that it becomes a victim of its own success by eating into its advantage over liquefied natural gas (LNG) in generating electricity.
The benchmark Australian thermal coal price, the Newcastle Index, rose to...
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Coal Still Has Long Way To Run In China And India
Jumat, 16 September 2016 / 14:49 WIB
Resource investors, take note: By 2025, just 10 years from now, energy consumption in Asia will increase a whopping 31 percent. A whole two-thirds of that demand, driven largely by China and India, will be for fossil fuels, most notably coal.
That’s according to a new research piece by...
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China Seen Investing Too Much in Power Plants That Burn Coal
Rabu, 14 September 2016 / 11:06 WIB
China may be investing too much in coal power, with construction of new plants accelerating at the same time that demand growth for electricity is slowing, the International Energy Agency said.
The world’s biggest investor in fossil-fuel generation started more than 70 gigawatts of new...
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Miners to profit as coal prices hit four-year high
Senin, 12 September 2016 / 11:06 WIB
The surge in coking coal prices to four-year highs has prompted analysts to upgrade earnings forecasts for some producers despite wariness about how long the upswing will last.
The price of coking coal, used to make steel, has more than doubled this year, touching $US200 a tonne on Friday, amid...
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Coal Rises From Grave to Become One of Hottest Commodities
Jumat, 09 September 2016 / 11:08 WIB
For all the predictions about the death of coal, it’s now one of the hottest commodities in the world. The resurrection may have further to run.
A surge in Chinese imports to compensate for lower domestic production has seen European prices jump to near an 18-month high, while...
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Indonesia can apply ‘clean’ coal technology to reduce emissions
Rabu, 07 September 2016 / 11:09 WIB
Indonesia has teamed up with the World Coal Association (WCA) consider to apply high efficiency, low emissions (HELE) ‘clean’ coal technologies, developed to increase the efficiency of coal-fired power plants and maintain international commitments to mitigate climate change...
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Coal India pushes into solar
Senin, 05 September 2016 / 11:10 WIB
Coal India is diversifying its core business through a plan to install 600 megawatts of solar power in four states.
The announcement, published on Sunday by Economic Times, is part of an agreement with the Solar Energy Corporation of India (SECI) to build 1,000 megawatts of solar capacity...
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The Challenge of Cutting Coal Dependence
Rabu, 31 Agustus 2016 / 11:11 WIB
It won’t be easy to get rid of coal.
Worried the nation might miss its 2020 target to drastically cut emissions of carbon dioxide, the German government proposed a steep levy last year on the most heavily polluting generators. The tax was intended to deliver a decisive blow against lignite...
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China’s Inner Mongolia cuts coal output by 10 pct in Jan-July
Senin, 29 Agustus 2016 / 11:14 WIB
BEIJING: Inner Mongolia, China’s biggest coal producing region, cut its output of the commodity by just over 10 percent in the first seven months of the year as part of its efforts to close 3.3 million tonnes of capacity this year.
By the end of August, the region had shut seven coal...
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Chinese July thermal coal imports jump 31% on year to 19-month high
Jumat, 26 Agustus 2016 / 11:15 WIB
China imported 9.31 million mt of thermal coal in July, rising 30.7% year on year and up 23.5% from June to the highest level since December 2014, according to data released by the General Administration of Customs Wednesday.
The volume included 7.23 million mt of bituminous material —...
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PTBA Acquires Ignite Resources to Increase Efficiency
Rabu, 24 Agustus 2016 / 11:16 WIB
TEMPO.CO, Jakarta - PT Tambang Batubara Bukit Asam (PTBA) is committed to acquire 24 percent of Ignite Resource Energy Ltd’s share. The acquisition process is expected to be completed in 2016.
Based on a release from NH Korindo Securities, the aquisition is currently in process and has...
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Morgan Stanley And General Electric: There Is Hope For Coal
Senin, 22 Agustus 2016 / 11:18 WIB
Events have been so bad in coal for so long that it is easy to lose hope on the sector. Most of the publicly traded coal companies have lost 95 percent of their market value. Events are so negative that the dominant mining equipment maker in the sector, Joy Global, has agreed to sell itself to...
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Vietnam’s July coal imports surge 141% on year to 1.31 million mt
Rabu, 17 Agustus 2016 / 11:19 WIB
Hanoi (Platts)–16 Aug 2016 507 am EDT/907 GMT
Vietnam’s coal imports surged 141% year on year to 1.31 million mt in July, customs data released Monday showed.
Traditionally a coal exporter, Vietnam turned into an importer amid rising domestic demand, particularly from the power...
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Hanoi (Platts)–16 Aug 2016 507 am EDT/907 GMT
Senin, 15 Agustus 2016 / 11:20 WIB
One of the world’s most maligned commodities is staging a comeback.
Coal prices have soared this summer, after new mining restrictions curbed production in China, the world’s biggest producer and consumer. Benchmark prices for thermal coal in Asia, Europe and the U.S. have climbed by...
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U.S. coal use may rise, but unlikely to unseat natgas as power king
Jumat, 12 Agustus 2016 / 11:21 WIB
NEW YORK – Demand for U.S. coal is projected to recover slightly in 2017 after years of decline, but it will not reclaim the crown it held for more than a century as the leading fuel behind U.S. power generation, analysts said.
An expected rise in natural gas prices, thanks to overseas...
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China steel, coal companies jump on debt-to-equity swap proposals
Rabu, 10 Agustus 2016 / 11:22 WIB
Shares in steel and coal companies are among the top performers in Shanghai today amid reports the nation’s banking regulator is considering allowing debt for equity swaps for both industries.
The China Banking and Regulatory Commission has sent a proposal to local banks and financial...
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Indonesia One of the Strongest Emerging Markets: Templeton
Senin, 08 Agustus 2016 / 11:23 WIB
Last week, the Indonesian economy surprised observers and policymakers alike with its strongest growth in the last ten quarters.
But for Michael Hasenstab, the chief investment officer at global fund manager Franklin Templeton Investments, that may be just a small vindication for a long-held...
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Adaro Energy on full offensive for Indonesia’s power sector
Jumat, 05 Agustus 2016 / 11:24 WIB
JAKARTA – Indonesian coal giant Adaro Energy is challenging the handful of companies that dominate the country’s power generation with an ambitious plan to build 5,000 megawatts of capacity by 2019, searching for a new growth driver amid sluggish coal demand.
Indonesia is...
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ITM readies $300m for Acquisitions, Capex
Jumat, 05 Agustus 2016 / 11:24 WIB
Coal supplier PT Indo Tambangraya Megah (ITM) Tbk (ITMG) is setting aside $300 million for mining acquisitions and capital expenditure this year. The company is currently studying about ten coal mines in the country.
“We are already in the process of due diligence to acquire some of these...
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Committee suggests new coal price formula for power plants
Rabu, 03 Agustus 2016 / 11:25 WIB
The Energy and Mineral Resources Ministry should make changes to a ministerial regulation on coal prices for mine-mouth power plants to appease both the government and state-owned electricity company PLN, the National Exploration Committee (KEN) has said.
The ministry and PLN have been at...
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Indonesian Adaro Energy’s H1 2016 coal production stable on year
Selasa, 02 Agustus 2016 / 11:26 WIB
Singapore (Platts)–2 Aug 2016 253 am EDT/653 GMT
Indonesian miner Adaro Energy said thermal coal production was nearly flat year on year at 25.86 million mt in the first half of 2016, even as its sales volume rose 2% in the same period.
The miner produced 13.23 million mt in the second...
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News Analysis: SOE reform pivotal to cutting China’s overcapacity
Senin, 01 Agustus 2016 / 11:27 WIB
BEIJING, July 31 (Xinhua) — Deepening fundamental reforms of China’s state-owned enterprises (SOEs) is key to cutting industrial overcapacity, according to experts.
The view echoes a statement released by the Political Bureau of the Communist Party of China Central Committee after a...
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Thermal coal — early signs of recovery?
Rabu, 27 Juli 2016 / 11:28 WIB
In a reversal from the decline since 2011, thermal coal prices have shown some stability in 2016. The price of the benchmark Australian Newcastle 6000 kcal/kg (FOB) thermal coal went up from $49 to about $60, per tonne during January-July 2016. The Chinese government’s clamp-down on domestic...
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China Taps Coal Giants as Asset Managers to Guide Supply Cuts
Senin, 25 Juli 2016 / 11:28 WIB
China set up an asset-management company to reduce coal overcapacity at a time when the country is seeking to encourage consumption of cleaner fuels.
The new company will include coal miners China Shenhua Group Corp. and China National Coal Group Corp. as well as asset-management companies China...
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