The Adaro Blog
Banpu announces sustainable growth plan
April 3, 2016, 12:58 pm
Banpu Public Company Ltd has released its 5-year business plan entitled ‘Balanced Growth, World-Class Sustainability’. The plan details guidelines for 2016-2020 around five themes:
Strategic flexibility in the face of economic uncertainty.
Cost reduction and rationalisation,...
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Peabody shares plunge; coal producer raises bankruptcy risk
April 1, 2016, 12:44 pm
(Reuters) – Peabody Energy Corp (BTU.N), the largest U.S. coal producer, may have to seek bankruptcy protection, the company said in a regulatory filing on Wednesday, citing poor economies in countries that import coal and other factors battering the coal industry.
Its shares fell 46...
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Use of clean coal technology to sustain development
March 28, 2016, 12:46 pm
It is nearly three months since 195 global heads of state congregated for the UN Climate talks in Paris and agreed on the first ever universal, legally binding, global climate deal. The Indian government and its delegation played a key role in shaping the agreement, recognition that the country has...
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Coal ETF on the Mend: Will the Momentum Last?
March 24, 2016, 12:47 pm
The dark days of coal suddenly lit up with coal ETF, Market Vectors Coal ETF (KOL), adding about 25% so far this year. In just the last one month, the fund advanced 27.5% while it scooped up about 17% returns in the last five trading sessions (as of March 7, 2016).
Investors should note that...
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JPMorgan to avoid financing coal projects
March 23, 2016, 12:49 pm
NEW YORK: Wall Street banking giant JPMorgan Chase said on Monday (Mar 7) that it would avoid financing new coal projects in advanced economies due to their contribution to global warming.
The bank’s official Environmental and Social Policy Framework drew a line against supporting new or...
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Indonesia’s March HBA thermal coal price up 1.4% on month
March 23, 2016, 12:48 pm
Indonesia’s Ministry of Energy and Mineral Resources set its March thermal coal reference price, also known as Harga Batubara Acuan, at $51.62/mt FOB, for its first rise in a year.
March’s HBA price represents a rise of 1.4% from February but a drop of nearly 24% year on year.
The...
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RI may have to import coal for future power plants: Study
March 18, 2016, 12:51 pm
With coal prices continuing to decline, Indonesia will struggle to provide the coal needed to fire up its power stations in the near future, a study predicts.
The government is struggling to expedite a number of power plant projects under its ambitious 35,000 megawatt (MW) generation program,...
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China sets cap for energy consumption for first time
March 16, 2016, 12:52 pm
BEIJING (Reuters) – China aims to keep energy consumption within 5 billion tonnes of standard coal equivalent by 2020, it said in its five-year plan published on Saturday, marking the first time the world’s second-biggest economy has set such a target.
China has long been considering...
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South Korea expects record coal demand in 2016
March 14, 2016, 12:53 pm
SEOUL: An increase in the number of coal-fired power plants starting operations this year will likely drive record coal demand in South Korea, despite the country’s pledge to curb greenhouse gas emissions at last year’s Paris climate summit.
The Korea Energy Economics Institute...
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US shale to OPEC: Above $40, we are coming back
March 7, 2016, 12:56 pm
For leading U.S. shale oil producers, $40 is the new $70.
Less than a year ago major shale firms were saying they needed oil above $60 a barrel to produce more; now some say they will settle for far less in deciding whether to crank up output after the worst oil price crash in a...
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For leading U.S. shale oil producers, $40 is the new $70.
March 4, 2016, 12:57 pm
Chinese coal companies lobbied government officials, including Premier Li Keqiang, to set a price floor for coal to protect against bankruptcy and prevent job cuts, according to people familiar with the matter.
The proposal was made to Li during his trip to Shanxi province in January by...
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DOE tightens rules on coal-fired power plants
March 3, 2016, 12:59 pm
MANILA, Philippines – The Department of Energy (DOE) is eyeing to impose stricter standards on coal-fired power plants to contribute to climate change mitigation programs and the country’s commitment to lessen carbon emissions.
Energy Secretary Zenaida Monsada said the agency is...
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Barack Obama wants India, China to use clean coal
March 2, 2016, 1:00 pm
Washington, Feb 23: Calling climate change a real problem, President Barack Obama would like India and China to know how to use clean coal to ensure they are not emitting huge amount of carbon. ”Number one, climate change is real,” he said speaking at a national governors association...
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Factbox: Japan sets new standards for coal-fired power plants
February 29, 2016, 12:00 am
TOKYO (Reuters) – Japan’s Ministry of Economy, Trade and Industry (METI) plans to tighten rules for coal-fired power plants from April in an effort to cut greenhouse gas emissions in the power industry that account for 40 percent of the nation’s total.
The steps, including...
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Greenpeace calls on banks to stop credit for coal mining
February 26, 2016, 1:04 pm
Jakarta (ANTARA News) – Greenpeace Indonesia asks all banks in Indonesia to comply with call by the Financial Service Authority (OJK) to stop new credits for coal mining projects.
All banks in Indonesia should stop financing coal mining after the OJK issued the order, Senior campaigner of...
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Goldman Sees Indian Coal Worsening Glut in World Awash in Fuel
February 24, 2016, 1:07 pm
Slumping global coal and liquefied natural gas prices will be under further pressure as rising Indian coal production exacerbates a glut of power-generation fuel, according to Goldman Sachs Group Inc.
The prospect of higher output from India, which is forecast to overtake China as the...
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Coal keeps hanging in there, but for how long?
February 23, 2016, 1:08 pm
It is hard to know how much more pain the coal industry can take after a prolonged winter of depressed prices.
Anglo’s Australian business could look very different on Wednesday morning. It could shrink its local presence in coal to a couple of mines.
When Anglo chief executive Mark...
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Jokowi Leans on China, Central Bank to Revive Indonesia GDP
February 17, 2016, 1:11 pm
President still confident of 7% growth target by end of term
Government wants interest rate to `fall, fall, fall, fall’
Indonesia President Joko Widodo is confident that more Chinese infrastructure loans and lower borrowing costs can help him reach a 7 percent growth target,...
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China’s Coal Miners Get Holiday Due to Oversupply: Reports
February 15, 2016, 1:12 pm
A worker loads coal on a truck at a depot near a coal mine from the state-owned Longmay Group on the outskirts of Jixi, Heilongjiang Province, China, Oct. 24, 2015.
Oversupply of coal in China has been a great opportunity for miners to reunite with their families this Lunar New Year...
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Coal Companies Get A Boost From SC Decision To Stay Obama Enviro Regs
February 11, 2016, 1:13 pm
Shares of coal companies skyrocketed following news the U.S. Supreme Court moved to place a halt to the Obama administration’s Clean Power Plan (CPP).
Peabody Energy, the world’s largest private coal company, saw its shares jumped 10.7 percent, as did Wyoming-based Cloud Peak Energy,...
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ECAs shy away from ‘dirty’ coal deals
February 9, 2016, 1:14 pm
Low prices and dwindling sources of finance are forcing coal producers to turn to export credit agencies (ECAs) to support their capital needs. But ECAs and their governments, increasingly driven by environmental concerns, show little or no appetite for coal projects.
Coal producers have been...
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As Japan’s oil, gas, power use stalls, coal imports hit new record
February 3, 2016, 1:16 pm
Japan’s 2015 oil imports fell to the lowest since 1988, reflecting the country’s declining population and low economic growth while at the same time its natural gas imports fell for the first time since the Fukushima nuclear disaster.
Yet in the same year that the world agreed to...
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As Japan’s oil, gas, power use stalls, coal imports hit new record
February 1, 2016, 1:18 pm
Danish expertise to pave the way for more wind power in China’s energy system
China burns more coal than any other country in the world, and using the fossil fuel to generate energy has left the country with environmental concerns.
A planned collaboration between Denmark and China will...
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Coal Mining in Indonesia: Limited Reason for Optimism
February 1, 2016, 12:44 pm
Another interesting development is that stocks of miners listed on the Indonesia Stock Exchange (IDX) have performed well so far in 2016. The mining index of the IDX, which consists of the average of all mining companies (including coal miners), has climbed 10.31 percent since the year-start,...
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Coal India’s supply to power sector up 7% in April-December
January 27, 2016, 1:20 pm
NEW DELHI: State-run Coal India’s supply to the power sector increased by 6.8 per cent to 299.10 million tonnes in the first 9 months of the current fiscal.
The supply of the fossil fuel by Coal India (CIL), which accounts for over 80 per cent of the domestic production, in the...
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Coal supplies fire up power producers
January 25, 2016, 1:22 pm
After several quarters of lull in the industry, coal-based power generating companies saw some breather in their December quarter results. This momentum has gained pace, going by the good performance of the companies which have declared results so far.
For instance, Reliance Power and JSW Energy...
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Myanmar targets 17-fold rise in coal-fired power by 2030
January 20, 2016, 1:26 pm
THE southern part of Myanmar is being eyed for new coal-fired power plants, in line with the country’s electricity-generation master plan that will boost the coal-fired power ratio 17-fold by 2030.
Aye Min, deputy director for thermal power planning, told the “Myanmar Electric Power...
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Adaro bangun kawasan pergudangan 150 hektare
January 18, 2016, 1:27 pm
BANJARMASIN. Perusahaan batu bara PT Adaro Indonesia Kalimantan Selatan melalui anak perusahaannya, Adara Persada Mandiri (APM) membangun kawasan pergudangan terintegrasi di lahan seluas 150 hektare.
Kepala Kawasan Pergudangan atau disebut Regional Integrated and Support Area (RISA) Benidictus...
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Energy chief promises less polluting power plants
January 15, 2016, 1:28 pm
BEIJING, Jan. 15 (Xinhua) — China will upgrade its coal-fired power plants to more than halve the amount of air pollutants they discharge by 2020, the head of the National Energy Administration promised on Friday.
Nur Bekri said the improvements will mean the plants are saving around 50...
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CHINA’S DECEMBER COAL IMPORTS SLUMP 35% ON YEAR
January 13, 2016, 1:29 pm
Singapore (Platts)–13 Jan 2016 835 am EST/1335 GMT
China’s coal imports, including lignite, thermal and metallurgical coal, totaled 17.64 million mt in December, down 35.2% from 27.22 million mt in December 2014, according to preliminary data released Wednesday by the General...
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China Conflicted Over Coal-Fired Power
January 11, 2016, 1:30 pm
China has promised big steps to cut pollution from coal-fired power plants, but recent measures have left the moves’ progress in doubt.
On Dec. 2, the State Council, or cabinet, announced ambitious plans to upgrade coal-fired generators and reduce pollutants by 60 percent before...
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The Future of Australian Coal
January 6, 2016, 1:35 pm
Australian environmentalists believe the political climate is changing. They say that last month’s Paris climate summit signaled a shift toward a zero-carbon global economy, so Prime Minister Malcolm Turnbull should get with the program, phasing out fossil fuels and slashing emissions further...
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China sees energy consumption rising in 2016: Xinhua
December 30, 2015, 1:36 pm
China expects its energy consumption to grow in 2016, the official Xinhua news agency of the world’s largest energy consumer said on Tuesday.
China’s apparent demand for crude oil will reach 550 million tonnes (11 million barrels per day) and apparent demand for natural gas will hit...
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China-Australia Trade Deal: Mixed Views Over Impact On Coal Markets
December 28, 2015, 1:37 pm
A new free trade agreement will see China’s import tariff on certain types of Australian coal reduced in three tranches from December 20. In this podcast, Jebsen Seo, editor for steel raw materials, and Michael Cooper, senior editor for thermal coal, join Edwin Yeo, managing editor for steel...
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Coal to continue to be key source of Indias energy need
December 21, 2015, 1:39 pm
Coal will continue to be main source for India’s energy needs while utmost care will be taken to protect the environment in meeting over 1.5 billion coal output target by 2020, a top official said.
The statement comes after a landmark climate change deal in Paris with the approval of...
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Bears win out at Coal Trading Association conference
December 18, 2015, 1:40 pm
In trading circles, the bulls are effectively those who believe the forward price will go up and the bears believe it will go down.
At the Coal Trading Association’s annual conference this week in New York City, both sides were on display, although sentiment leaned more...
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Bapak Garibaldi Thohir Terpilih Sebagai Indonesia Most Admired CEO 2015
December 11, 2015, 1:43 pm
Selamat kepada Bapak Garibaldi Thohir atas diraihnya penghargaan Indonesia Most Admired CEO 2015 dari Warta Ekonomi. Bertempat di Ballroom Hotel Mulia, pada 7 Desember 2015, Bapak Julius Aslan mewakili Bapak Garibaldi Thohir menerima penghargaan Most Admired CEO 2015 yang diserahkan langsung oleh...
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China Plans to Upgrade Coal Plants
December 4, 2015, 1:47 pm
BEIJING — China’s cabinet announced Wednesday that it would try to cut pollution from coal-fired power plants by 60 percent by 2020 through upgrades to plants, according to a report by Xinhua, the state news agency. If successful, the plan for upgrades would reduce carbon dioxide...
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