Adaro

Europe’s Coal Power Is Going up in Smoke -- Fast

April 19, 2017, 7:20 pm

The long goodbye for coal in Europe is accelerating as the cost of shifting to green energy plunges. Companies including Drax Group Plc, Steag GmbH to Uniper SE are closing or converting coal-burning generators at a record pace from Austria to the U.K., made obsolete by...

China Gas Output Rises to Record as Coal Production Rebounds

April 17, 2017, 7:17 pm

China’s natural gas production surged to a record last month and coal output rebounded as economic growth accelerated power use in the world’s largest energy user. Natural gas production in March rose 8.2 percent from the average of the first two months of the year to a record...

South Korea coal, nuclear power targeted for cuts by presidential candidates

April 12, 2017, 7:02 pm

SEOUL: No matter who is elected as South Korea's new leader next month it is clear that coal and nuclear power generation will likely be scaled back, with most of the candidates laying out plans on Wednesday to address public concerns over pollution and safety. Less than a month from a May 9...

Anglo American to sell some South Africa coal operations

April 10, 2017, 6:38 pm

APRIL 10, 2017 by: Joseph Cotterill in Johannesburg Anglo American said on Monday it had agreed to sell coal operations in South Africa that supply domestic power stations to a black-owned company, in a sign that the mining group is pressing ahead with a strategy to exit some assets in the...

Coal Serves as Major Fuel For Electricity Generation, New Report Reveals

April 3, 2017, 3:54 pm

Data released by Italian coal industry association Assocarboni shows that coal has fuelled 40% of total electricity production last year. As noted by International Energy Agency (IEA), coal will to continue to play a major role, with an expected 36% of the energy mix to be coal-generated by...

Coal Exports Disrupted in Cyclone-Hit Australia as Floodwaters Rise

April 3, 2017, 3:52 pm

Damage to rail lines in cyclone-hit northeast Australia is set to disrupt exports of the steel-making material from the world's largest coking coal region, underpinning prices and raising the prospect of major producers declaring force majeure. The extent of the damage, which will hit coal...

After 2016 Squeeze, Some Top China Banks Set For Stronger Growth

March 31, 2017, 3:48 pm

Improving asset quality and rising loan demand could see some of China's biggest listed banks bolster their profit growth this year, bankers signaled this week, even as interest margins remain under pressure and more bad loans are written off. "The trend is promising," Yi Huiman,...

Australia's Dirtiest Coal Plant Closes, Energy Crisis Deepens

March 30, 2017, 3:46 pm

The doors to Australia's dirtiest power station will close permanently on Friday after 50 years, amping up pressure on a government desperate to avoid the kind of embarrassing blackouts that hit chunks of the country during a recent savage heatwave. France's Engie SA is pulling the plug...

Asia's Coal Markets Tighten on Indonesia Port Probe, Australian Cyclone

March 29, 2017, 3:41 pm

Port disruptions in Indonesia and a cyclone hitting mines in Australia have tightened Asia's coal markets in March, while demand in China and other key import markets remains strong, lifting prices. Prompt thermal coal cargo prices for export from Australia's Newcastle port have risen by...

Germany Converting a Huge Coal Mines Into Giant Renewable Battery

March 24, 2017, 3:38 pm

A German coal mine will be converted into giant “battery station” to store enough renewable energy to power some 400,000 homes. The Prosper-Haniel pit in the state of North Rhine Westphalia near the Dutch border, has produced the fossil fuel for almost half a century. But now it...

Making Coal Competitive Again

March 23, 2017, 3:20 pm

The March 19 Business article “Coal in the Trump age ” rushed to accentuate the negatives for an industry that is recovering from a multiyear trough. The coal sector has been devastated by lower demand and job loss in recent years as regulations have significantly increased the cost of...

China kickstarting new coal boom in Pakistan

March 17, 2017, 3:19 pm

Chinese investments are speeding up new coal developments in the Thar region of Pakistan, despite local water scarcity and pollution and an abundance of solar energy potential. The CEO of Sindh Engro Coal Mining Company (SECM), Shamsuddin Ahmad Shaikh, said on Thursday that with government and...

Anglo's South African Coal Bidders Said to Consider Listings

March 14, 2017, 3:13 pm

The two main bidders for Anglo American Plc’s South African coal mines plan to list their companies if they are successful in buying the operations, according to three people familiar with the plans. Phembani Group, founded by MTN Group Ltd. Chairman Phuthuma Nhleko, and Masimong Minerals...

Indonesia's March HBA Thermal Coal Price Falls 2% On Month

March 7, 2017, 3:06 pm

Indonesia's Ministry of Energy and Mineral Resources set its March thermal coal reference price, also known as Harga Batubara Acuan or HBA, at $81.90/mt, down 1.7% from February, but up about 58.7% from a year ago. The ministry had set the price for February at $83.32/mt and the March 2016...

Indonesia's Adaro Sees Coal Prices, Demand Improving in 2017: CEO

March 2, 2017, 3:03 pm

Jakarta. The chief executive of Adaro Energy, Indonesia's biggest coal miner by market capitalization, said thermal coal prices have bottomed and will increase in 2017 along with rising import demand from China and Southeast Asia. Cargo prices for Australian thermal coal from Newcastle ,...

Indonesia: Coal miner will benefit from rising coal prices in 2017

March 1, 2017, 2:59 pm

With low coal prices early this year, coal miner PT Indo Tambangraya Megah (ITMG) managed to chart growth last year and therefore, analysts estimate that the company may maintain its growth. According to data from Bloomberg, coal prices listed in ICE Futures Europe as per export contracts in...

Coal-Loving Indonesia Stock Investor Doubles Down After 43% Gain

February 17, 2017, 8:05 pm

ndonesian stock fund manager Agus Yanuar has trounced his peers and the Jakarta Composite Index over the past year by riding a rebound in commodity prices. Now, the chief investment officer at PT Samuel Aset Manajemen says he’s sticking to his guns. Yanuar’s SAM Indonesian...

China rejects North Korean coal shipment -Yonhap

February 15, 2017, 8:04 pm

Feb 15 China rejected a shipment of coal from North Korea a day after the country testfired a ballistic missile in violation of international sanctions, South Korea’s Yonhap News Agency reported on Wednesday. A load of around 16,295 tonnes of North Korean coal, estimated to be worth around...

India’s Coal Giant Risks Burning Investors

February 13, 2017, 8:03 pm

Fancy a truckload of the world’s biggest coal miner? New Delhi is planning to sell a 10 percent stake in Coal India Ltd., the Economic Times reported Monday, without saying where it got the information. Such a deal could be worth about 197 billion rupees ($2.9 billion) at current...

The Outlook for Coal Looks Brighter in 2017

February 10, 2017, 8:03 pm

The coal industry will begin to reverse its downward slide in 2017, according to U.S. data. Coal production is coming off its worst year since 1978, and for the first time, last year natural gas overtook coal as the dominant fuel for electricity generation in the U.S. Production of coal fell 18%...

Chaos at Indonesian ports disrupts coal shipping

February 8, 2017, 8:02 pm

Road blockages and bad weather in Kalimantan on the Indonesian side of Borneo island are being blamed for a disruption of coal supplies from one of the world’s most important export regions. Coal traders and ship operators cited several reasons for the loading delays. According to...

Gas and Coal are Big Winners in Electricity Capacity Auction

February 6, 2017, 8:01 pm

Coal-fired power generators were among the winners of contracts worth £378m to generate electricity next winter, highlighting the tension between government efforts to reduce carbon emissions and the need for energy security. Gas-fired power stations secured the biggest share of contracts...

'Clean Coal' Would Push Up Power Bills More Than Wind, Solar or Gas: Analysts

February 3, 2017, 8:01 pm

“Clean coal” plants that the Turnbull government has flagged could get clean energy subsidies are more expensive than solar, wind and gas-fired power and would lead to higher electricity price rises, analysts have warned. Support for what the government calls “clean coal”...

Burning Wood Beats Coal at J-Power Amid Climate Change Fight

February 1, 2017, 8:00 pm

Japan’s biggest electricity wholesaler knows it’ll take more than cutting-edge coal technology to save the environment. Electric Power Development Co., known as J-Power, is looking to build its first major power plant that burns natural gas near cities such as Tokyo as well as use...

For Vietnam Coal Will Ensure A ‘Cheap’ Energy Future. Or Will It?

January 31, 2017, 7:59 pm

In 2011, World Bank predicted Vietnam would be one of the five countries worst affected by climate change. It was an ominous prognosis for a country on the cusp of embracing capitalism. A late entrant to the free market club it hungered for prosperity and new wealth. Six years on, the...

Australia’s coal power plan twice as costly as renewables route, report finds

January 27, 2017, 7:58 pm

A plan for new coal power plants, which government ministers say could reduce emissions from coal-generated electricity by 27%, would cost more than $60bn, a new analysis has found. Achieving the same reduction using only renewable energy would cost just half as much – between $24bn and...

Coal is The New Black With New-Technology Power Stations

January 25, 2017, 7:57 pm

When the power went out in South Australia in September, linking renewable energy to concerns about electricity reliability, it lit the fuse on something unthinkable only a short time before — a return of coal. As governments grow frustrated by tight gas supplies because of new exports and...

Germany needs to start coal phase-out by 2019 to honour Paris targets

January 23, 2017, 7:56 pm

If Germany wants to meet its obligations under the Paris Agreement then it must start phasing out coal as an energy source by the end of the decade, according to a major new study by WWF. EurActiv Germany reports. Germany will need to have started to phase out coal by 2019 and to have got...

Holiday on ice as coal mines get skates on to beat Beijing curbs

January 20, 2017, 7:55 pm

Chinese coal miners are so determined to cash in on a window of high prices that many are slashing holiday leave for workers and raising pay through the Lunar New Year celebrations before government introduces limits on output again. Prices in China, the world’s biggest coal user, have...

VA Board Vacancies Raise Possibility of Coal-Policy Shift

January 18, 2017, 7:55 pm

President-elect Donald Trump is poised to bring in new leadership to the Tennessee Valley Authority, prompting concerns that the nation’s largest public power company could be in for a strategy shift. After Mr. Trump won, the renomination of three of the utility’s board members,...

Gas And Renewables Toppled Coal A Decade Early

January 16, 2017, 7:53 pm

Cheap natural gas and renewables ousted coal as America’s leading energy source in 2015, a decade earlier than the Clean Power Plan predicted—and without the Clean Power Plan’s help, according to a new analysis. SNL Energy, a division of S&P Global Market Intelligence,...

Coal Curbs in Asia Could Save 50,000 Lives Annually, Study Says

January 13, 2017, 7:52 pm

About 50,000 lives a year could be saved by 2030 if no new coal-fired power plants are built in Southeast Asia, South Korea, Japan and Taiwan, according to a study from researchers at Harvard University and Greenpeace International. If coal plants currently planned or under construction in the...

US Coal Production, Consumption to Increase in 2017: EIA

January 10, 2017, 9:33 am

Houston (Platts)–10 Jan 2017 541 pm EST/2241 GMT The US will burn and produce more coal this year than in 2016, the Energy Information Administration said Tuesday. In its first Short-Term Energy Outlook of the year, the EIA estimates electric power sector coal consumption will...

China Top Coal Province Sets Out Consolidation Plan

January 9, 2017, 9:40 am

China’s Shanxi province, the country’s top coal producer, plans to cap output and consolidate the industry around big producers over the next four years in a bid to boost efficiency, according to a blueprint by the provincial government. Major producers will be set up with a separate...

China Steps Up Efforts To Cut Coal Capacity

January 4, 2017, 9:41 am

China, the world’s largest coal consumer and producer, is not giving up on its long-term plans of reducing the share of coal in its overall energy mix and consequent smog and greenhouse gas emissions. Despite reversing in November some of the restrictionsimposed to local coal miners in...

Coking Coal Price Ends 2016 With Sharp Drop

January 2, 2017, 9:42 am

While the price of futures trading in China and Singapore were swinging wildly in recent weeks, the benchmark for the seaborne market underwent a more measured correction after spending much of November above $300. But now it seems the correction is turning into a rout and the multi-year high of...

Dynegy CEO Says Trump ‘Good for Us’ Coal-Fired Power Generators

December 30, 2016, 9:43 am

U.S. power generator Dynegy Inc. sees coal regaining some market share as President-elect Donald Trump promises to put more miners back to work. “Certainly more coal is good for us” and helps make coal-fired plants more profitable when natural gas and electricity prices rise, Dynegy...

Despite Dark Times, Coal Ends 2016 On a More Positive Note

December 28, 2016, 9:45 am

In the afterglow of the holiday season, following an increase in coal production at the end of the year, an industry knocked to its knees in 2016 is showing budding optimism. The story of the year for coal was bankruptcy: falling in and climbing out. Three of the nation’s largest...

Coal Demand Is Shifting To Asia

December 26, 2016, 9:46 am

In its medium-term coal market report for 2016, IEA reports that global coal demand growth has stalled after more than a decade of 4 percent annual growth, with demand in 2016 to be below 2013 levels. Consumption decreased for the first time in 2015 as declines in the U.S. and China were not offset...

Australia lobbies China-led AIIB to add coal to lending priorities

December 16, 2016, 9:48 am

The Australian government is lobbying hard for the China-led Asian Infrastructure Investment Bank to include coal among its lending priorities, as the country seeks to defend its lucrative exports. The AIIB, billed by some as Beijing’s answer to the World Bank, launched last year with a...

Clean Energy ‘Moving Forward’ Despite Trump’s E.P.A. Pick, Experts Say

December 9, 2016, 9:50 am

WASHINGTON — President-elect Donald J. Trump’s choice of a fossil-fuel advocate and climate-change denier to head the Environmental Protection Agency comes at a moment when the American energy market has already shifted away from the most polluting fossil fuels, driven more by investors...

The Human Cost of Consol Energy’s Shift From Coal to Gas

December 8, 2016, 9:51 am

Consol Energy Inc.’s shift from coal miner to natural-gas producer has pleased investors and kept the company out of bankruptcy. But it has come with a human cost. Consol employs about a third of the roughly 8,900 workers that were on its payroll at the start of 2013, before the...

Australia Must Choose Between Coal and Coral – The Great Barrier Reef Depends On It

December 6, 2016, 9:52 am

At first glance, the progress reports on the Great Barrier Reef released last week by the Australian and Queensland governments might seem impressive. The update on the Reef 2050 Plan suggests that 135 of the plan’s 151 actions are either complete or on track. The Australian...

Peabody wants to repay term loan early thanks to improving coal prices

December 2, 2016, 9:53 am

U.S. coal producer Peabody Energy Corp said it would seek court approval to repay a $500 million term loan ahead of schedule because it has enough cash to operate in bankruptcy thanks to a rise in coal prices. Peabody obtained an $800 million debtor-in-possession or DIP financing from both...

Ready for Some Good Environment News? It’s About Coal

November 30, 2016, 9:54 am

Positive news about the environment is as common as a well-fed polar bear. So enjoy. Thanks to a decrease in coal use in North America and better technology to make the fossil fuel less harmful, the amount of mercury in the atmosphere is on the decline—and our air, our oceans, and even...

Natural Gas Prices And Coal Under The Clean Power Plan

November 28, 2016, 9:55 am

Don’t be fooled: there’s no denying that BOTH regulations and low natural gas prices have combined to reduce the use of coal. Even though coal has been the basis of electricity since its inception, the U.S. power industry has been announcing coal retirements at an unprecedented rate....

China to Probe Illegal Expansion in Coal, Steel Sectors

November 25, 2016, 10:05 am

China will send inspection teams to investigate and severely punish illegal expansion by coal and steel firms as part of its efforts to slim down the two industries, the country’s cabinet said on Thursday. With most of the country’s steel and coal enterprises making losses in 2015,...

Trump Victory Puts Icing On Investor’s Contrarian Bet On Coal

November 23, 2016, 10:07 am

Donald Trump’s surprise victory in the presidential race on Nov. 8 put some extra topspin on what had already been a surprising investment success for vulture investor George Schultze: Arch Coal. Shares in the St. Louis coal producer jumped 35% by the end of the week to over $85, not bad for...

World’s Top Miner Expects Iron Ore, Coal Price Surge to Cool

November 18, 2016, 10:12 am

BHP Billiton Ltd., the world’s biggest miner, expects soaring prices of iron ore and coking coal to moderate even as China pushes ahead with efforts to restructure its steel sector. Prices have been supported in recent months by restocking and short-term supply disruptions, Chief Executive...

Spot Metallurgical Coal Tops $US300 Tonne Mark

November 9, 2016, 10:33 am

Spot metallurgical coal topped $US300 a tonne for the first time since flooding in Australia curbed output from the world’s biggest seaborne exporter five years ago. Hard coking coal rose to $US307.20 a tonne on Tuesday, extending a surge that has seen the price quadruple since the start...

The Adaro Blog