Blog Adaro

Germany’s coal phase-out leaves €1.5bn power plant in doubt
Senin, 25 Februari 2019 / 18:48 WIB
Stepping inside the Datteln power plant in western Germany feels like entering a cathedral: the eye is drawn relentlessly upwards, towards a platform where workers are busy welding a 120m-tall furnace capable of burning 400 tonnes of coal an hour. Billed as the most modern and efficient...
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Australia, China deny ban on coal imports amid tensions
Jumat, 22 Februari 2019 / 19:02 WIB
SYDNEY: China and Australia on Friday (Feb 22) denied reports Australian coal was being blocked from entering the Asian country, with Canberra seeking to quell fears that worsening diplomatic tensions are damaging the nations' crucial trading relationship. Industry experts have noted...
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Glencore, the world's biggest thermal coal exporter, is capping its output over climate concerns
Kamis, 21 Februari 2019 / 19:22 WIB
Commodities giant Glencore on Wednesday said it will cap the amount of coal it produces each year, part of a broader plan to align its business with the global effort to prevent climate change. Glencore is the world's largest exporter of thermal coal, the kind burned in power plants and a...
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China Delays Coal Imports From Australia
Selasa, 19 Februari 2019 / 19:28 WIB
China has delayed customs clearance of coal imports from Australia by as long as 40 days, according to a leading industry body, raising speculation that the world’s biggest shipper of the commodity is being targeted at a time of strained relations between the two nations. Customs officials...
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Chinese traders freeze Australian coal orders amid 40-day customs delays: sources
Senin, 18 Februari 2019 / 19:13 WIB
BEIJING/MELBOURNE (Reuters) - Chinese coal traders have stopped ordering Australian coal as clearing times through China’s customs have doubled to at least 40 days, according to major buyers in China and international coal merchants, resulting in a sharp fall in Australian prices. The...
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US utility TVA votes to close two coal power plants, in blow to Trump
Jumat, 15 Februari 2019 / 20:07 WIB
WASHINGTON: The Tennessee Valley Authority voted on Thursday to close two aging coal-fired power plants, including one supplied by a company led by a major supporter of President Donald Trump, who had urged the U.S.-owned utility to keep it open. "It is not about coal. This decision is...
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Trump lobbies for coal-fired plant
Rabu, 13 Februari 2019 / 19:55 WIB
President Donald Trump set up a new clash with an independent agency Monday with his call for the Tennessee Valley Authority to keep open an aging coal-fired plant that buys much of its coal from a company chaired by Robert Murray, one of the president's supporters. The TVA board will meet...
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US coal production forecast to total 722 million st in 2019, down 4.3% on year: EIA
Selasa, 12 Februari 2019 / 19:51 WIB
Houston — US coal production was forecast to total 722 million st in 2019, down 4.3% from 2018 production of nearly 755 million st, US Energy Information Administration data showed Tuesday. In 2020, the EIA predicts production of 682 million st, down 5.6% from 2019 expectations, according...
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Adaro maintains coal production target for 2019
Selasa, 12 Februari 2019 / 19:47 WIB
Publicly listed coal miner PT Adaro Energy on Monday released its operation guidance for 2019, which maintained the production target at between 54 million and 56 million tons of coal after it produced 54.04 million tons last year. The EBITDA [earnings before taxes, depreciation and...
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Aust thermal coal prices hit slump
Jumat, 08 Februari 2019 / 19:22 WIB
Australian thermal coal prices have fallen to their lowest since April 2018 as a slowdown in Chinese imports dents demand for the commodity. Spot cargo prices for Australian thermal coal exports from the port of Newcastle were last settled at $US95.75 per tonne, the lowest since a spike in April...
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Indonesia’s coal price reference set at $91.8 per ton in February
Kamis, 07 Februari 2019 / 19:20 WIB
The government has set Indonesia’s coal price reference (HBA) for February at US$91.8 per ton, 0.6 percent lower than the reference in January of $92.41 per ton, in response to China and India’s ongoing protection policies. “Both countries will intensify the use of domestic...
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These countries are driving global demand for coal
Rabu, 06 Februari 2019 / 19:17 WIB
While some countries are closing fossil-fuel power plants and shifting policy towards cleaner energy sources, others are upping the contribution of coal to their power sectors. A recent analysis of the global coal industry by the International Energy Agency highlights the growing number of...
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Germany's Merkel signals support for 2038 coal exit deadline
Selasa, 05 Februari 2019 / 19:13 WIB
TOKYO (Reuters) - German Chancellor Angela Merkel said on Tuesday that her country would withdraw from coal-fired power production by 2038, showing her support for the deadline recommended by a government-appointed commission. The so-called coal commission said last month that Germany should...
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Dozens of coal, iron ore freighters stuck off China ports amid customs delays: data, sources
Jumat, 01 Februari 2019 / 19:37 WIB
SINGAPORE/BEIJING (Reuters) - Dozens of ships carrying coal and iron ore to China are stuck outside ports waiting to unload, according to shipping data, with traders saying harbor authorities are taking longer than usual to clear the imports with customs officials. Refinitiv data showed on...
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Coal still in high demand globally
Jumat, 01 Februari 2019 / 19:36 WIB
CAPE TOWN – Although the world is switching to renewable energy there is still a big demand for coal around the globe. This is according to Canyon Coal’s executive chairperson, Vuslat Bayoglu speaking at the 14th Annual Southern African Coal Conference at the Westin Hotel...
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China imposes coking coal import restrictions at Northeast China ports: sources
Rabu, 30 Januari 2019 / 20:05 WIB
Singapore — China has imposed port restrictions on coking coal imports at several ports in Northeast China including Bayuquan, Dandong and Dalian effective Tuesday afternoon, market sources with knowledge of the matter told S&P Global Platts Wednesday. Three Chinese steelmakers...
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Germany would end coal use by 2038 under new plan
Senin, 28 Januari 2019 / 19:13 WIB
BERLIN — In a pioneering move, a German government-appointed panel has recommended that Germany stop burning coal to generate electricity by 2038 at the latest, as part of efforts to curb climate change. The Coal Commission reached a deal early Saturday following months of wrangling that...
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Coal Isn't Dead. China Proves It.
Rabu, 23 Januari 2019 / 19:05 WIB
For demand, too many confuse the crucial difference between "growing less slowly" or remaining "buoyantly very high" versus "shrinking" or "declining." Similar to U.S. oil demand, China's coal consumption aligns with the first two. While it could indeed...
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German vows to insulate industry from costs of culling coal
Selasa, 22 Januari 2019 / 19:27 WIB
BERLIN (Reuters) - Germany will protect its manufacturing industry from the impact of abandoning cheap coal-fired power, which Berlin is looking to ditch for environmental reasons, its economy minister said. German companies want some protection from the rise they fear they will see in...
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China firms funding coal plants offshore as domestic curbs bite: study
Selasa, 22 Januari 2019 / 19:25 WIB
[SHANGHAI] China has become a key backer for coal-fired power globally, funding more than a quarter of all new plants being developed outside its borders even as it clamps down on the polluting fuel at home, a study published on Tuesday said. The top destinations are Bangladesh, Vietnam, South...
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China's domestic thermal coal prices under close watch ahead of key political meetings: sources
Jumat, 18 Januari 2019 / 20:14 WIB
Singapore — China's domestic thermal coal prices are likely to come under close watch in coming weeks as the country strives to keep prices of essential goods stable during the Lunar New Year holiday period in February and key annual political meetings in March, market sources said...
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New York’s Plan to Kill Coal Is Already Boosting Power Prices
Jumat, 18 Januari 2019 / 20:11 WIB
New York’s plan to put the state’s last coal-fired power plants out of business hasn’t even been approved yet and electricity is already trading like they’re shut. The price of power in 2021 in New York City and other regions surged more than 30 percent beginning in May....
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PLN to acquire coal mines to secure supply
Rabu, 16 Januari 2019 / 20:09 WIB
State-owned electricity firm PLN is set to acquire coal mines as part of its plan to secure 40 percent of the coal demand for its power grid – which last year absorbed 95 million tons of coal – by 2023. PLN president director Sofyan Basir said that by 2023 coal demand for the...
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President Trump can’t stop US coal plants from retiring
Senin, 14 Januari 2019 / 19:43 WIB
More U.S. coal-fired power plants were shut in President Donald Trump’s first two years than were retired in the whole of Barack Obama’s first term, despite the Republican’s efforts to prop up the industry to keep a campaign promise to coal-mining states. In total, more than...
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Metallurgical coal quality differentials evolve on policy, market shifts
Senin, 14 Januari 2019 / 19:41 WIB
Singapore — China's National Development and Reform Commission in mid-November imposed further port restrictions on coking coal and thermal coal to last until the end of 2018 at ports across China. Evidently, this move resulted in a slowdown in buying activities as market participants...
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Russia’s Coal Exports, Production Hit Five-Year High In 2018
Jumat, 11 Januari 2019 / 20:11 WIB
Russia’s production and exports of coal hit last year their highest levels since 2013, according to S&P Global Platts estimates of data from Russia’s Energy Ministry. Russian coal exports increased last year by 3.4 percent compared to 2017, to reach 191 million mt—the...
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PLN needs 100m tons of coal to fuel power plants this year
Kamis, 10 Januari 2019 / 20:09 WIB
State-owned electricity company PLN projects that the company’s coal-fired power plants will require some 100 million tons of coal this year, a 5.4 percent increase from last year. PLN western region business director Djoko Rahardjo Abumanan said on Wednesday that more coal was needed this...
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China: No Wind Or Solar If It Can't Beat Coal On Price
Kamis, 10 Januari 2019 / 20:07 WIB
China has said it will not approve wind and solar power projects unless they can compete with coal power prices. Beijing pulled the plug on support for large solar projects, which had been receiving a per kWh payment, in late May. That news came immediately after the country’s largest...
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Indonesia sets lower coal production target to help stabilize global price
Selasa, 08 Januari 2019 / 18:59 WIB
The government has lowered its coal production target for this year to 480 million tons in an effort to stabilize the global coal price, an official has said. Last year’s target was 485 million tons, 25 percent of which was allocated to the domestic market obligation (DMO). Energy and...
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January’s coal reference price down 0.1 percent
Jumat, 04 Januari 2019 / 18:46 WIB
The government revised down the Indonesian coal reference price to US$92.41 per ton in January, 0.1 percent lower than the price in the previous month, which was $92.51 per ton. Energy and Mineral Resources Ministry spokesperson Agung Pribadi said the revision was in response to China's new...
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Coal’s Heyday At $100 a Ton Passes in Europe With Curbs on Its Use
Rabu, 02 Januari 2019 / 18:42 WIB
Coal’s three-year run of blistering gains in Europe is set to end, clobbered by a combination of weakening demand and energy polices aimed at phasing out the dirtiest fossil fuel. After prices more than doubled since 2016 as Asian importers drove demand, coal is expected to fall more than...
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Miners Cut Back in Largest U.S. Coal Region
Senin, 31 Desember 2018 / 19:54 WIB
Miners in the nation’s largest coal-producing region are leaving more of the fossil fuel in the ground as prices fall for alternatives, including natural gas, and demand erodes from power-generation customers. Coal production from the Powder River Basin, an arid region spread over parts of...
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Coal production expected to exceed this year's target
Jumat, 28 Desember 2018 / 19:43 WIB
Indonesian coal production reached 456 million tons up to Thursday or 94.02 percent of this year’s total target of 485 million tons, according to Energy and Mineral Resources Ministry data. The ministry’s spokesperson, Agung Pribadi, estimated that this year’s production would...
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US weekly coal production reaches year high, totals 15.9 million st: EIA
Kamis, 27 Desember 2018 / 19:56 WIB
Houston — Weekly US coal production totaled 15.9 million st in the week ended December 22, reaching the 2018 peak in weekly production unless the final week of the year tallies higher, data from the US Energy Information Administration showed Thursday. This was the largest weekly...
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Global Coal Demand Set To Remain Stable Through 2023 Despite 2018 Increase
Rabu, 26 Desember 2018 / 19:51 WIB
Despite the fact that global coal demand is expected to rise for a second year in a row in 2018, the International Energy Agency nevertheless believes that coal demand will remain somewhat net-stable through 2023 due primarily to declines in Europe and North America being offset by strong growth in...
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Investors Are Turning Their Back On Coal
Senin, 24 Desember 2018 / 19:47 WIB
The net zero carbon emissions movement has finally entered the mainstream for investment professionals. Despite a U.S, delegation declaring its intention to burn more fossil fuels at an environmental conference in Poland, sounding like the energized, fossil fuel advocate and former Alaska governor...
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Investors push power companies to end coal use by 2030
Kamis, 20 Desember 2018 / 19:14 WIB
Investors overseeing more than $11tn in assets, including Schroders, Legal & General Investment Management and two of the biggest US pension funds, have called on power companies to commit to ending coal use by 2030 and spell out preparations for a global shift towards low-carbon fuels. In a...
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Mitsubishi exits thermal coal sector, sells stakes in Australia mines
Selasa, 18 Desember 2018 / 19:37 WIB
TOKYO (Reuters) - Japan’s Mitsubishi Corp said on Tuesday it will sell its stakes in two Australian thermal coal mines for A$750 million ($539 million), a move that means its exit from upstream thermal coal amid growing pressure from environmental activists. The stake sales comes as a...
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Indonesia coal output seen nearly 500 million T in 2019: Industry body
Selasa, 18 Desember 2018 / 19:35 WIB
JAKARTA: Indonesia is expected to produce between 480 million tonnes and 500 million tonnes of thermal coal in 2019, and an estimated 500 million tonnes this year, a leading industry association told reporters on Tuesday. "There is a possibility that output next year will be flat,"...
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Coal demand will remain steady through 2023, International Energy Agency says
Senin, 17 Desember 2018 / 19:33 WIB
Coal consumption is expanding after two years of decline, but miners should brace for another period of sluggish growth, according to the International Energy Agency. In its latest annual report, the IEA forecasts global coal demand will remain essentially stable over the next five years,...
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India's coal output up 10% to 156 MT during Apr-Nov
Senin, 10 Desember 2018 / 18:42 WIB
New Delhi: India's coal import rose 9.7 per cent to 156.08 million tonnes (MT) in the April-November period of the ongoing fiscal, as against 142.25 MT in the corresponding months a year ago, according to mjunction services Ltd, a joint venture between Tata Steel and SAIL. Coal imports in...
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Coal India touches 52-week low after promoter sells 2.2% stake in co
Jumat, 07 Desember 2018 / 19:18 WIB
Shares of Coal India touched 52-week low of Rs 237.60, down 1.2 percent intraday Friday after promoter sold its stake in the company. The President of India, acting through the Ministry of Coal, Government of India, (Promoter) has sold 13,73,11,943 (2.21 percent) equity shares of Coal India to...
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Trump promised to rescue the coal industry. But he can't
Rabu, 05 Desember 2018 / 18:31 WIB
New York (CNN Business)The Trump administration attempted a daring rescue of the coal country, but the pro-coal agenda is failing to jump-start a renaissance — and analysts don't see one on the horizon. Despite trying for nearly two years to prop up coal by rolling back climate...
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Coal Power Plants Lose Their Cost Advantage Over Clean Energy
Senin, 03 Desember 2018 / 18:59 WIB
When it started becoming as cheap, and then cheaper, to build wind or solar farms than fossil fuel power, the renewable energy plants still faced the barrier of being in competition with coal plants that had already been built. Invariably, these were cheaper. Not any more – in 2018, more...
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More than 40 percent of world coal plants are unprofitable: report
Jumat, 30 November 2018 / 19:05 WIB
LONDON (Reuters) - More than 40 percent of the world’s coal plants are operating at a loss due to high fuel costs and that proportion could to rise to nearly 75 percent by 2040, a report by environmental think-tank Carbon Tracker showed on Friday. Institutional investors are increasingly...
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Coal Is the Junk Food of Global Energy
Kamis, 29 November 2018 / 18:48 WIB
Coal is an anachronism that also happens to be the single largest source of electricity on the planet. Some of its resilience reflects pure politics (“beautiful clean coal”). But there’s another aspect more akin to that guilty pleasure that floods through you when you devour a...
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Indonesia may study commercial aspect of coal gasification: Ministry
Jumat, 23 November 2018 / 20:26 WIB
The government is interested in studying the economic aspects of the downstream coal business, including the gasification of solid fossil fuel. Energy and Mineral Resources Ministry mineral and coal director general Bambang Gatot Ariyono said before boosting investment in coal derivatives, a...
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Association calls for revision of DMO scheme for coal
Kamis, 22 November 2018 / 20:29 WIB
The Indonesian Coal Mining Association (APBI) has called on the government to revise the domestic market obligation (DMO) scheme for coal, which requires a coal mining company to sell 25 percent of its production to the domestic market at a fixed price of US$70 per ton. APBI chairman Pandu P....
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China-backed coal projects prompt climate change fears
Kamis, 22 November 2018 / 19:23 WIB
As levels of greenhouse gases reach a new record, concerns are growing about the role of China in global warming. For years, the increase in the number of Chinese coal-fired power stations has been criticised. Now environmental groups say China is also backing dozens of coal projects far...
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Coal to remain king in Indonesia, for now
Kamis, 22 November 2018 / 19:19 WIB
Indonesia's consumption of domestic coal for power generation will almost double from 84 million t in 2018 to 157 million t by 2027. This increases power generation's share of domestic consumption from 18.5% to 33.6%, which is likely to displace export tonnage. Another factor...
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