Blog Adaro

Natgas overtakes coal as top U.S. power source in September
Rabu, 02 Desember 2015 / 13:49 WIB
Natural gas surpassed coal in September as the leading U.S. power source for the fourth time in history, according to federal energy data – with all four milestones being hit this year. Gas overtook coal as a power source in April, July, August and September because gas prices were lower...
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Costly ‘cleaner’ coal fights for space in emissions debate
Senin, 30 November 2015 / 13:51 WIB
The global coal industry is trumpeting “cleaner coal” technology to fight bubbling competition from renewable energy, but the high costs of greener plants are proving a major obstacle in selling them to power-hungry countries such as India. The challenges are highlighted by the...
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IS NEWCASTLE THERMAL COAL NOW IN THE MIDDLE OF ITS WINTER OF DISCONTENT?
Jumat, 27 November 2015 / 13:52 WIB
Spot prices for 6,000 NAR grade Newcastle thermal coal are sitting at a decade low of about $50/mt FOB. High-ash 5,500 NAR prices are 35% below their four-year average. Is the worst over for the Newcastle thermal coal market? In this video, Platts senior editor for coal Michael Cooper looks at how...
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Peabody Energy to sell New Mexico, Colorado assets for $358 million
Selasa, 24 November 2015 / 13:54 WIB
Peabody Energy Corp said it had agreed to sell its New Mexico and Colorado coal assets to Bowie Resource Partners LLC for $358 million in cash. Bowie will also assume about $105 million in related liabilities, Peabody said on Friday. Bowie, which confirmed the deal later in the day, said the...
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BOWIE SAYS ACQUISITION TO MAKE IT LARGEST US WESTERN COAL BITUMINOUS PRODUCER
Selasa, 24 November 2015 / 13:53 WIB
Houston (Platts)–23 Nov 2015 353 pm EST/2053 GMT Bowie Resource Partners will become the US’ largest Western bituminous coal producer following a deal with Peabody Energy, according to the company. The Louisville, Kentucky-based company expects the $358 million acquisition to...
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Why Analysts Remain Positive on Coal India Despite Earnings Miss
Sabtu, 21 November 2015 / 13:55 WIB
Coal India shares outperformed on Wednesday, rising nearly 1 per cent to Rs 335 against over 1 per cent drop in the broader Nifty. Coal India has seen consistent buying over the last two weeks, despite weakness in the broader markets. A number of brokerages continue to be optimistic about Coal...
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Solar short of modi’s target seen cutting coal’s market in India
Rabu, 18 November 2015 / 13:59 WIB
New Delhi: The steadily declining cost of solar panels will cut in on coal’s dominance in the electricity industry in India as photovoltaic installations surge to reach Prime Minister Narendra Modi’s target, KPMG said. The consulting firm estimated the cost of solar generation may...
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No end to coal despite deal at climate summit
Senin, 16 November 2015 / 13:41 WIB
IT IS tempting to take the champagne-fuelled view that the historic global climate agreement reached in Paris signals the death of coal, but even if the dirty fuel is terminal, it will be a long, lingering demise before the final hacking cough. This is simply because coal is, and will remain for...
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EU to urge rich nations to cut coal subsidies
Jumat, 13 November 2015 / 14:00 WIB
European Union negotiators will push other rich countries next week for a robust deal to phase out subsidies for exports of technology used to build coal-burning power plants, EU sources said. Upcoming talks at a Paris meeting of the Organization for Economic Cooperation and Development (OECD)...
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Want to Burn Coal and Save the Planet? Japan Touts a Solution
Senin, 09 November 2015 / 14:01 WIB
By Chisaki Watanabe (Bloomberg) — For all the talk of a solar boom in Japan, coal still has a future there, and potentially a big one at that. Japan’s government and industry are backing emerging coal technologies they say are less damaging to the...
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China offers bonus to coal power plants to meet emissions rules
Minggu, 08 November 2015 / 13:45 WIB
Getting China’s cash-strapped coal-fired power industry to comply with tough emissions rules and tackle choking smog that has recently blanketed the capital and other major cities will take incentives as well as fines. In a change in tack after years of fining rule-breaking firms, the...
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Glencore Says It Is Cutting Debt Faster Than Expected
Rabu, 04 November 2015 / 14:02 WIB
LONDON— Glencore PLC is cutting its net debt faster than expected and its trading arm is on track to meet earnings expectations this year, the Swiss commodities giant said Wednesday. The company aims to cut $10 billion in net debt by the end of 2016. Analysts said those plans seem to be...
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Indonesia 2016 coal exports to slump as low prices hurt miners -industry
Senin, 02 November 2015 / 14:03 WIB
Oct 30 Coal shipments from Indonesia will plunge as much as 17 percent next year, with most miners in the world’s No.1 exporter of thermal coal losing money and slashing output, a senior industry official said on Friday. Indonesia will export less than 300 million tonnes in 2016 from...
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Coal Exports Drop on Low Prices
Jumat, 30 Oktober 2015 / 14:31 WIB
The nation’s coal exports significantly dropped in the first nine months of the year as coal companies continued to suffer from low prices in addition to becoming increasingly dependent on the domestic market. Figures from the Energy and Mineral Resources Ministry’s directorate...
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Coal’s blind optimism fades, but industry must shrink to succeed: Russell
Rabu, 28 Oktober 2015 / 14:32 WIB
Battered and beaten, the coal industry finally seems to be moving from blind optimism that things will somehow get better to a more realistic hope that it can survive, albeit in a smaller, less influential manner. A common theme at coal conferences over the past few years is that prices have...
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This Power Plant Set Out to Prove Coal Can Be Clean. Did It Work?
Senin, 26 Oktober 2015 / 14:33 WIB
By Christina Nunez, National Geographic PUBLISHED Tue Oct 13 11:02:54 EDT 2015 On a chilly, open plain in Saskatchewan, clean coal is getting its first big trial. The Boundary Dam power plant fired up last October, promising to generate enough electricity for 100,000 homes while...
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Indian power plant coal stocks fall to new over 6-month low: CEA
Jumat, 23 Oktober 2015 / 14:34 WIB
Indian power plant coal stocks fall to new over 6-month low: CEA London (Platts)–9 Oct 2015 749 am EDT/1149 GMT Combined stocks of thermal coal at 100 Indian power plants were at 25.52 million mt Tuesday, more than triple the 7.78 million mt recorded at the same time last year, but at...
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Tender Pembangkit Listrik, Adaro Tidak Ikut Tender PLTU Jawa 7
Rabu, 21 Oktober 2015 / 14:35 WIB
Bisnis.com, JAKARTA – PT Adaro Energy Tbk. menyatakan tidak mengikuti tender Pembangkit Listrik Tenaga Uap (PLTU) Jawa 7 karena ingin fokus pada proyek-proyek lain. Hal tersebut mengakhiri kabar yang menyebutkan bahwa perusahaan energi itu sangat berminat untuk mengikuti tender PLTU...
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Emerging Currencies Set for Best Week Since 2008 as Stocks Surge
Senin, 19 Oktober 2015 / 14:37 WIB
(Bloomberg) — Emerging-market currencies headed for their biggest weekly gain in seven years and stocks jumped as prospects for a U.S. rate increase in 2015 receded and oil surged. An index tracking 20 developing-nation exchange rates climbed 3.4 percent this week,...
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Glencore, Tohoku set annual coal contract price down 12 pct-sources
Sabtu, 17 Oktober 2015 / 14:42 WIB
TOKYO Oct 2 (Reuters) – Mining group Glencore Xstrata Plc and Japan’s Tohoku Electric Power Co have settled an annual Australian thermal coal import contract 12 percent lower than a year earlier, two sources with direct knowledge of the matter said on Friday. The price set for the...
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Why Glencore’s Longtime Lenders Haven’t Walked Away
Jumat, 16 Oktober 2015 / 14:38 WIB
Each summer, Glencore Plc gathers its bankers at an exclusive Swiss resort for a day of golf. The hospitality has a rationale: those who convene at the Golf Club Bad Ragaz, nestled among Alpine foothills, represent the company’s financial lifeline. Three months before this...
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Faltering Chinese demand keeps beating down coal prices
Selasa, 13 Oktober 2015 / 14:39 WIB
SINGAPORE: Slumping Chinese demand continues to batter thermal coal prices in the first week of the fourth quarter, with benchmark physical cargoes dropping to their lowest in more than eight years. That has made coal, mostly used for power generation in emerging markets, the most prominent...
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Alhamdulillah, Rupiah Menguat Tajam, Sektor Ini Juga Bangkit
Senin, 12 Oktober 2015 / 14:40 WIB
JAKARTA - Nilai tukar rupiah terhadap dolar AS yang menguat drastis menumbuhkan optimisme kondisi perekonomian Indonesia bisa segera bangkit. Selain faktor eksternal, penguatan ekonomi juga diyakini mencerminkan perbaikan ekonomi di dalam negeri. Kepala Ekonom Bank Negara Indonesia (BNI) Ryan...
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Thermal coal prices close to rock bottom: Citi analysts
Jumat, 09 Oktober 2015 / 14:41 WIB
Thermal coal prices are close to rock bottom as coal producers have squeezed almost all of the gains from increased productivity, lower fuel prices and weaker currencies, and prices are set to stabilize in 2016, said commodity analysts at investment bank Citi in a client conference call...
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Glencore slump spoils commodity trader appetite for IPOs
Senin, 05 Oktober 2015 / 14:43 WIB
Unprecedented shareholder pressure over the past six months at listed commodities firms Noble and Glencore have taught their private rivals an unforgettable lesson – think twice before going public or amassing large physical assets. Noble’s stock is trading near its lowest since the...
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BHP coal boss warns on outlook
Jumat, 02 Oktober 2015 / 14:44 WIB
China’s restrictions on certain types of highly polluting coal, introduced earlier this year as part of an accelerating campaign to clean up its air, have added to a significant glut in the global market for the fuel, the mining executive said on Friday. Coal prices have been tumbling...
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World Coal Association calls on UN to go harder
Selasa, 29 September 2015 / 14:44 WIB
The association has also highlighted the link between energy lack and global poverty. Of course, given its bent, the WCA argues coal has to very much be part of that solution. It says coal is essential to global efforts to achieve universal energy access and alleviate energy poverty as it...
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Mining Stocks Fall Sharply on Concerns Over China Economy
Senin, 28 September 2015 / 14:45 WIB
Fed’s decision not to raise interest rates also renewed fears over sluggish pace of global growth LONDON—Share prices in U.K.-listed global miners were hit hard on Tuesday with commodities giant Glencore GLNCY -5.44 % PLC leading the pack down on continued fears that China’s...
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Coal Mining Industry Indonesia: Government in Search of Unpaid Bills
Rabu, 23 September 2015 / 14:47 WIB
Indonesia’s Energy and Mineral Resources Ministry is currently conducting research to check whether the country’s miners comply with (royalty and tax) payments as well as environmental regulations. It also investigates whether miners’ activities do not overlap with other mining...
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Adaro scales down production target
Senin, 21 September 2015 / 14:47 WIB
Major coal producer Adaro Energy has announced that it has lowered its production target from 56-58 million tons previously to 54-56 million tons to mitigate oversupply that led to plunging commodity prices and cut the company’s profit by 31 percent on a yearly basis. According to its...
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Shenhua, Adaro singled out from Asia peers
Jumat, 18 September 2015 / 14:48 WIB
AMID the continuing poor performance of Chinese and Indonesian coal producers, the names China Shenhua Energy and Adaro Energy stand out from the crowd, according to an investment bank report.     With both countries known to be pushing consolidation of their...
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China, US to cooperate in developing ‘clean coal’ technologies to help combat climate change
Senin, 14 September 2015 / 14:50 WIB
Officials from China and the United States have taken a major step towards an agreement to advance “clean coal” technologies that claim to reduce the fuel’s contribution to climate change — and could offer a potential lifeline for an industry that has seen its fortunes...
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Govt expects rising income from coal despite weak output
Jumat, 11 September 2015 / 14:52 WIB
The Energy and Mineral Resources Ministry is expecting to see rising royalties and fees from the mineral and coal sectors this year despite plunging production due to low selling prices.According to the proposed state budget for 2016, the non-tax income from minerals and coal is targeted to reach...
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BHP expects coal rebound and makes move in Borneo
Rabu, 09 September 2015 / 14:53 WIB
BHP Billiton is set to ramp up its focus on Indonesian coal, revealing it will open a second mine on Borneo within two years as it predicts a rebound in global markets. BHP’s Indonesian coal boss, Mark Small, said mining had this year started at Haju in Central Kalimantan which is the...
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Coal. It’s an amazing thing.
Senin, 07 September 2015 / 14:53 WIB
This little black rock is an amazing thing. Do check these two links out below to find out more about coal. Coal. It’s an amazing thing. Little Black Rock
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Bukit Asam Sets Aside $2.1b for New Power Plants Through 2017
Jumat, 04 September 2015 / 14:54 WIB
Jakarta. State-controlled coal miner Tambang Batubara Bukit Asam will allocate up to $2.1 billion through 2017 to build power plants as it looks to diversify its revenue stream beyond coal exports. The company plans to spend $600 this year, another $700 million next year, and $800 million the...
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Coal mining sector running out of time, says Citigroup
Rabu, 02 September 2015 / 14:56 WIB
US banking giant Citigroup says the global coal industry is set for further pain, predicting an acceleration of mine closures, liquidations and bankruptcies. The value of listed coal companies monitored by Citi has shrunk from $50bn (£32bn) in 2012 to $18bn in 2015, a trend it believes...
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Presiden Jokowi Inaugurated Construction Kick-off of 2 x 1,000 MW PLTU Batang in Central Java And Electrification Program for 50 Locations in Outer Islands and Border Areas
Senin, 31 Agustus 2015 / 14:57 WIB
(Batang, August 28th, 2015) President of the Republic of Indonesia, Joko Widodo, inaugurated Construction Kick-off of a steam power plant in Batang, Central Java with a capacity of 2x1000MW and Electrification Program for 50 Locations in Outer Islands and Border Area in Batang, Central Java, Friday...
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Indonesia’s thermal coal output cuts seen unlikely to boost prices
Jumat, 28 Agustus 2015 / 14:58 WIB
Thermal coal output cuts in Indonesia in 2015 may not lend much support to prices amid muted Chinese demand that cannot be outweighed by interest in emerging markets, market sources said Tuesday. Major Indonesian thermal coal miners including Adaro Energy, Bumi Resources and PT Harum lowered...
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Coal at 12-year low: How it affects India
Rabu, 26 Agustus 2015 / 14:59 WIB
While world markets were busy talking about how prices of commodities like gold, crude oil, natural gas and copper were falling, there was another commodity that was silently slipping away. Coal futures touched a 12-year low as demand from the world economy slips and production of the fuel...
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THERMAL COAL-Sliding Chinese yuan sends coal to near decade lows
Senin, 24 Agustus 2015 / 15:00 WIB
* API2 coal futures drop to lowest level since Nov. 2005 * China’s yuan hits 4-year low * Lower yuan erodes purchasing power for China’s coal importers * Chinese imports already hit by slowing GDP, pollution measures By Henning Gloystein SINGAPORE, Aug 12 (Reuters)...
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Moody’s: Coal has a future
Jumat, 21 Agustus 2015 / 15:01 WIB
By Daniel Tyson REGISTER-HERALD REPORTER | Posted 2 days ago As a number of coal companies file for bankruptcy protection and more teeter on the edge of chapter 11, there was a bit of good news this week about an industry slugged by declining need and tougher environmental...
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What Powers Life in Just One Day
Rabu, 19 Agustus 2015 / 15:02 WIB
Every day our lives are shaped by what we see, where we go and what we do, and these actions are greatly attributed to modern conveniences powered by low cost electricity from coal. In just one day, the world is energized by 21 million tonnes of coal. Coal fuels more energy than any other source...
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China coal firms suffer H1 profit slump on weak demand
Jumat, 14 Agustus 2015 / 15:03 WIB
China coal firms suffer H1 profit slump on weak demand Profits from China’s coal sector slumped in the first six months of 2015 with more than 70 percent of firms suffering losses, the country’s state planning agency said, as miners grapple with persistently weak demand and chronic...
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Bukit Asam sees profits fall in H1
Rabu, 12 Agustus 2015 / 15:05 WIB
Bukit Asam sees profits fall in H1 Despite selling a higher volume of coal, state-owned coal miner PT Tambang Batubara Bukit Asam (Bukit Asam) saw its profits fall in the first half of this year as the commodity’s price plunged. The publicly listed coal supplier booked a 31.22 percent drop...
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Japan’s Coal Hunger Poses Costly Challenge to Emissions
Senin, 10 Agustus 2015 / 15:05 WIB
Japan will depend on new coal technology that’s more than twice the cost of traditional plants to meet its targets on reducing global warming pollution. In a plan formally adopted earlier this month, Japan said it expects coal to generate about a quarter of the nation’s electricity...
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Peabody Energy Corporation (BTU) Stock Slumps To All-Time Low As Coal Industry Struggles Continue
Jumat, 07 Agustus 2015 / 15:07 WIB
As the coal industry’s troubles prolong, Peabody Energy Corporation (NYSE:BTU) is facing a difficult time as investor confidence seems to be at an all-time low. Over the past 12 months, the stock has fallen by 92.65%. Since January 1, 85.12% of the coal miner’s market capitalization...
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One-sixth of Australian thermal coal mines ‘uneconomic’: Morgan Stanley
Rabu, 05 Agustus 2015 / 15:08 WIB
Roughly 16% of Australian thermal coal mines representing around 33 million mt of production is classed as uneconomic at a current spot price of around $59/mt FOB for Newcastle 6,000 kcal/kg NAR, said a team of mining analysts at Morgan Stanley in a report released over the weekend. This...
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Bondholders in dark ahead of Berau Coal bond maturity
Senin, 03 Agustus 2015 / 15:09 WIB
Berau Coal’s 12.5 percent $450 million bonds fall due on Wednesday, and while there has been no official statement on whether the bonds will be redeemed on schedule, bondholders are expecting the issuer to enter a stay under the Singapore courts before resorting to a similar scheme in...
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Coal to remain major energy resource in S. Asia
Jumat, 31 Juli 2015 / 15:10 WIB
ISLAMABAD: Coal would remain a predominant energy resource to generate electricity in South Asia in future. It would account for more than half of the total installed capacity in the region by 2040 because of its cost competitiveness as compared to other technologies to generate electricity. The...
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