Adaro

China To Cap Use of Coal at 55% of Total Power Output by 2020

November 8, 2016, 10:35 am

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...

China to cap use of coal at 55 per cent of total power output by 2020

November 8, 2016, 10:17 am

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...

China Doubles Down on Coal Despite Climate Pledge

November 7, 2016, 10:36 am

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...

China Doubles Down on Coal Despite Climate Pledge

November 7, 2016, 10:18 am

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...

Climate Promises Can’t Kill Asia’s Coal Addiction

November 4, 2016, 10:37 am

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...

Global carbon intensity falls as coal use declines

November 1, 2016, 10:40 am

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...

Analysts shave EU carbon price forecasts on lower coal use: Reuters poll

October 28, 2016, 10:43 am

Analysts cut their forecasts for the next two years by 4-5 percent and now expect EU Allowances (EUA) to average 5.39 euros per ton in 2017 and 5.70 euros ton in 2018, according to the poll of eight analysts published on Friday. In August, analysts had forecast prices of 5.59 euros for 2017 and...

Batubara Memanas Jelang Musim Dingin

October 26, 2016, 10:44 am

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...

China Miners Jump as Coal Price Seen Rising on Tight Supply

October 24, 2016, 10:45 am

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....

Indonesia says coal price rally to extend into Q1, boost mining revenues

October 21, 2016, 10:47 am

The current rally in thermal coal prices could extend through to the end of the first quarter of 2017, an Indonesian mining ministry official said on Tuesday, helping cash-strapped miners boost revenues in Southeast Asia’s largest economy. Coal prices sank 70 percent over 2011 and 2015...

Glencore’s Coal Hedge Gets More Painful as Prices Rally

October 19, 2016, 10:48 am

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,...

Even At $100 For Coal, Asia’s LNG Industry Struggles To Compete

October 17, 2016, 10:49 am

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...

Coal deficit may not go away till 2020

October 14, 2016, 10:50 am

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...

Glencore to hire coal miners as prices rebound on Asia demand

October 12, 2016, 10:51 am

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...

Peabody deal at $200/mt said to break Q4 coking coal impasse

October 11, 2016, 10:53 am

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...

Indonesia’s October HBA thermal coal price hits 2-year high

October 10, 2016, 10:54 am

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...

Indonesia’s coal consumption remains high: BP

October 7, 2016, 10:55 am

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...

China Rushes to Boost Coal as Rally Warns: Winter Is Coming

October 5, 2016, 10:56 am

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,...

Coking coal price rally to subside on improved supply in 2017: Citi

October 3, 2016, 10:57 am

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...

Imelda Adhisaputra: Coal is still good business

September 30, 2016, 10:58 am

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,...

China Coal Control Jolts World Markets From Steel to Freight

September 29, 2016, 11:02 am

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...

Australia miner says surging coal prices curbing asset sales in sector

September 28, 2016, 11:00 am

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...

Indonesia’s Diesel Demand Picks Up

September 27, 2016, 11:01 am

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...

Coal’s cost advantage over LNG slipping, but not yet enough: Russell

September 20, 2016, 11:03 am

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...

Coal Still Has Long Way To Run In China And India

September 16, 2016, 2:49 pm

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...

Coal Prices Surge Higher, But Could Retreat Soon As Production Caps Are Lifted

September 16, 2016, 11:05 am

Coal has been the big commodity surprise since January, with high-grade steel-making material more than doubling in price, but it’s unlikely that the great coal rush of 2016 will last much longer. At $190 a ton, coking (or metallurgical) coal is back to a price last seen in 2012 with some...

China Seen Investing Too Much in Power Plants That Burn Coal

September 14, 2016, 11:06 am

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...

Miners to profit as coal prices hit four-year high

September 12, 2016, 11:06 am

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...

Coal Rises From Grave to Become One of Hottest Commodities

September 9, 2016, 11:08 am

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...

Indonesia can apply ‘clean’ coal technology to reduce emissions

September 7, 2016, 11:09 am

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...

Coal India pushes into solar

September 5, 2016, 11:10 am

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...

The Challenge of Cutting Coal Dependence

August 31, 2016, 11:11 am

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...

China’s Inner Mongolia cuts coal output by 10 pct in Jan-July

August 29, 2016, 11:14 am

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...

Chinese July thermal coal imports jump 31% on year to 19-month high

August 26, 2016, 11:15 am

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 —...

PTBA Acquires Ignite Resources to Increase Efficiency

August 24, 2016, 11:16 am

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...

Morgan Stanley And General Electric: There Is Hope For Coal

August 22, 2016, 11:18 am

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...

Vietnam’s July coal imports surge 141% on year to 1.31 million mt

August 17, 2016, 11:19 am

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...

Hanoi (Platts)–16 Aug 2016 507 am EDT/907 GMT

August 15, 2016, 11:20 am

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...

U.S. coal use may rise, but unlikely to unseat natgas as power king

August 12, 2016, 11:21 am

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...

China steel, coal companies jump on debt-to-equity swap proposals

August 10, 2016, 11:22 am

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...

Indonesia One of the Strongest Emerging Markets: Templeton

August 8, 2016, 11:23 am

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...

Adaro Energy on full offensive for Indonesia’s power sector

August 5, 2016, 11:24 am

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...

ITM readies $300m for acquisitions, capex

August 5, 2016, 11:24 am

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...

Committee suggests new coal price formula for power plants

August 3, 2016, 11:25 am

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...

Indonesian Adaro Energy’s H1 2016 coal production stable on year

August 2, 2016, 11:26 am

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...

News Analysis: SOE reform pivotal to cutting China’s overcapacity

August 1, 2016, 11:27 am

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...

Thermal coal — early signs of recovery?

July 27, 2016, 11:28 am

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...

China Taps Coal Giants as Asset Managers to Guide Supply Cuts

July 25, 2016, 11:28 am

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...

Philippines’ coal demand to grow over 1 mln T/yr until 2020 – industry group

July 22, 2016, 11:31 am

MANILA, July 21 (Reuters) – The Philippines’ coal consumption could grow by more than 1 million tonnes annually until 2020 as it expects to switch on more coal-fired power plants to support its economy, the head of a local industry group said on Thursday. The Southeast Asian...

Weather-related disruption could further boost thermal coal prices: analysts

July 20, 2016, 11:32 am

Thermal coal prices could get a further boost this year from potentially continuing weather-related disruptions to Indonesian and Australian production and ongoing industry reforms in China, analysts at Morgan Stanley said in a note. Thermal coal prices have been on the rise in recent months...

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