Adaro

Japan’s environment ministry pushes back on coal use

July 29, 2015, 3:12 pm

TOKYO, June 12 (Reuters) – Japan’s environment ministry is pushing back on the growing use of coal to generate power after the Fukushima nuclear disaster led to the shutdown of the nation’s reactors, as concerns mount over greenhouse gas emissions. Environment Minister Yoshio...

Coal Shares Tumble Amid Concerns Over Mine-Liability Funding

July 27, 2015, 3:14 pm

Two U.S. coal companies, Peabody Energy Corp. and Arch Coal Inc., sank to all-time lows amid concerns that they will have to pay more for insurance that covers environmental damage. Peabody fell 9 percent to a record low closing price of $2.53 in New York on Friday. The stock has declined 21...

Coal is not dead: New study describes forces behind the ‘coal renaissance’

July 22, 2015, 3:15 pm

While some are calling the current depressed state of the coal market “the end of coal”, a new study has revealed it is actually undergoing a renaissance. In fact, global coal consumption has risen dramatically in the past decade according to the paper, published in the Proceedings...

Colombia cuts 2015 coal output forecast, Q1 volume falls 5 pct

July 20, 2015, 3:16 pm

Colombia, the world’s fourth biggest coal exporter, produced 23.2 million tonnes of the fuel in the first three months of the year, down 5 percent from the same period last year, the National Mining Agency (ANM) said on Friday. The agency expects output for all of 2015 to be at least 87...

THERMAL COAL-Futures hover above 9-year low as Russian exports eyed

July 15, 2015, 3:30 pm

LONDON, April 15 (Reuters) – Thermal coal futures edged higher on Wednesday as traders expected the strengthening Russian currency to make Russian exports less profitable, helping support global prices. After falling by about 40 percent against the dollar last year during an economic...

Coal, medical, train technology at top of Japan’s agenda for Asian infrastructure financing

July 15, 2015, 3:17 pm

TOKYO (AP) — Prime Minister Shinzo Abe’s offer of $110 billion in fresh infrastructure financing for Asia is as much about Japan’s agenda for selling its clean coal know-how and other technologies as it is about keeping up with China. Abe announced the commitment, topping the...

EA climate report highlights need for investment in cleaner coal technologies

July 13, 2015, 3:19 pm

The World Coal Association (WCA) says this week’s International Energy Agency’s (IEA) ‘Energy and Climate Change’ report highlights the importance of investment in cleaner coal technologies. Increasing the average efficiency of the global coal fleet from its current 33%...

India to eclipse China as top coal importer in 2015

July 10, 2015, 3:19 pm

NICE (Reuters) – India is expected to overtake China as the world’s top coal importer in 2015, faster than previously expected, traders and consultants said on Wednesday. India’s coal imports should rise to around 200 million tonnes this year, from around 180 million tonnes in...

Japanese Mitsui eyes coal gasification projects in Indonesia

July 8, 2015, 3:20 pm

Japan-based diversified company Mitsui & Co. Ltd. plans to expand its investment in Indonesia’s energy sector through a coal gasification project. Yukio Takebe, the president director and CEO of Mitsui Indonesia, a local business unit of the group, revealed the interest...

Coal industry reaches bottom of price cycle with some signs of recovery says Qld economist

July 7, 2015, 3:21 pm

The chief economist of Queensland’s Department of Natural Resources and Mines says there are some signs of recovery in the coal sector. David Rynne told industry leaders in Mackay, in the state’s north, he feels the industry has reached the bottom of the price cycle. He said...

No coal price recovery for ‘a long, long time’ says Rio Tinto

July 3, 2015, 3:22 pm

“Is coal part of Rio Tinto today? The answer is yes, but any asset is for sale at any point in time,” says Rio Tinto coal boss Jean-Sébastien Jacques. Philip Gostelow Rio Tinto’s new coal boss Jean-Sébastien Jacques, says it will likely take three or four years...

When will Asia’s coal market see some recovery?

July 1, 2015, 3:23 pm

Fresh from covering Coaltrans Asia in Bali, Indonesia, Platts associate editor Arusha Das talks to fellow associate editor Mia Corazon Aureus about the coal market’s sentiment, Indonesia’s production targets and plan to raise coal royalty tax, as well as India’s role in the...

Biggest Coal Shipper’s Power Plan Offers Relief From Bear Market

June 26, 2015, 3:25 pm

by Fitri WulandariBen Sharples The coal market’s best hope of breaking a four-year losing streak may be its biggest supplier’s plan to burn more at home. Indonesia plans to expand generating capacity by 46 percent in four years with new power plants, half of them burning coal. If...

EA climate report highlights need for investment in cleaner coal technologies

June 24, 2015, 3:26 pm

The World Coal Association (WCA) says this week’s International Energy Agency’s (IEA) ‘Energy and Climate Change’ report highlights the importance of investment in cleaner coal technologies. Increasing the average efficiency of the global coal fleet from its current 33%...

DrillingDown: Vietnam shines among dimming prospects for thermal coal

June 22, 2015, 3:28 pm

With the Pope set to join the G7 and the Church of England to call for the neutralisation of fossil fuels, coal looks to be on a losing wicket. But the Australian coal sector, battered and bruised after several tough years, isn’t panicking. Indeed, the view that came through strongly at...

Australian coal prices rise as scorching Asian heat pushes up demand

June 19, 2015, 3:29 pm

SINGAPORE, June 17 (Reuters) – Australian coal prices have risen almost 8 percent since the beginning of June as a drought in South Asia pushes up power demand, although the overall sentiment in the sector remains bearish due to falling imports by other major Asian buyers. Coal prices for...

Glencore sees slight coal undersupply

June 17, 2015, 3:29 pm

Speaking on video to Creamer Media’s senior staff writer Zandile Mavuso at Glencore’s donation of a new R75-million state-of-the-art school to South Africa’s Department of Basic Education, Glencore CEO Ivan Glasenberg outlined higher expected future demand for seaborne coal, owing...

Asean can beat China on value chain offers

June 12, 2015, 3:31 pm

Economically-integrated Asean can replace China in providing multi-national companies (MNCs) a total value chain for their business, according to TMF Group’s new paper paper entitled The AseanCommunity: Capturing the zeitgeist of rising Asia”. Yet, that would be achieved if all...

Rothschild vehicle considering offer for coal miner ARMS

June 10, 2015, 3:32 pm

(Reuters) – A trust controlled by British financier Nat Rothschild and the parent of Russia’s Siberian Coal Energy Co are considering making a cash offer for coal miner Asia Resource Minerals Plc , which has most of its operations in Indonesia. The potential offer from NR Holdings...

Indonesia to review mining licences, push consolidation in coal

June 9, 2015, 3:33 pm

NUSA DUA, Indonesia, June 8 (Reuters) – Indonesia will push for consolidation in its mining sector while coal prices are low and may soon revoke more than 4,000 licences that have caused problems in the coal and minerals sectors, its mining and energy minister said on Monday. Indonesia...

Modi’s Coal Turn Around to Ease Chronic Power Cuts

June 3, 2015, 3:35 pm

Fewer power cuts are likely in India this summer after a surge in output at Coal India (COAL.NS) helped generators amass record stocks, a turnaround for Narendra Modi who had to battle a power crisis within months of becoming prime minister last May. Fast-track mine approvals, tighter production...

Energy Lessons from Down Under

June 1, 2015, 3:36 pm

Lessons Learned from Down Under Carbon taxes and renewable mandates drive electricity prices up. The experience in Australia offers a dramatic example. Australia elected a new government to repeal the Carbon Tax in 2014, which was estimated to cost the economy more than $20 million a day....

‘Cautious Optimism’ Abounds in Asia Commodities

May 29, 2015, 3:37 pm

There appears to be an outbreak of “cautious optimism” in the Asian commodities sector. It was easy to lose track of the number of times the phrase popped up in presentations and conversations at four major commodities conferences in the region in the past two weeks. However,...

Japan ready to finance India’s coal-fuelled projects

May 27, 2015, 3:39 pm

At a time when multilateral funders such as the World Bank have stopped supporting coal-fuelled power projects, Japanese lending institutions and banks are willing to help India’s quest for providing power to people still living without electricity. Of India’s installed power...

Coal industry in a tough place

May 21, 2015, 3:40 pm

After working in the resources industry for over 20 years, Yancoal boss Reinhold Schmidt acknowledges conditions for coal miners are among the toughest he has seen. “The whole commodity space is quite depressed and in the coal industry all producers whether you’re large or small...

Program PEER Educator YABN, Gerakkan Remaja Hindari Narkoba & HIV/AIDS

May 20, 2015, 3:41 pm

Berdasarkan data Badan Narkotika Nasional dan POLRI 2013, jumlah kasus Narkoba di wilayah Kalimantan Tengah pada tahun 2010 sebanyak 732 kasus. Angka ini termasuk dalam 10 besar provinsi dengan kasus narkoba terbanyak tahun 2010.Kondisi memprihatinkan ini menggerakkan Adaro, dalam hal ini,...

Japan Continues to Re-Embrace Coal

May 18, 2015, 3:42 pm

Japan is continuing to re-embrace coal to make up for its lack of nuclear energy, with plans for another power station released bringing the number of new coal-fired plants announced this year to seven. Utilities in Japan are eager to take advantage of coal’s relative cheapness to give...

Wood Mackenzie: Gas Poses More Competition to Coal in Asia’s Power Sector

May 13, 2015, 3:43 pm

Wood Mackenzie said Tuesday that coal is facing increasing competition from gas in the power sector. Coal has dominated as the fuel of choice in Asia, even in the gas-centric power markets of Southeast Asia since 2010. In recent years, it has been assumed that coal will remain the most economical...

China February coal output down 7.7% on supply clampdown

May 9, 2015, 3:45 pm

BEIJING: China produced 240 million tonnes of coal in holiday-shortened February, down 7.7 per cent from a year ago, an industry website said on Wednesday, hurt by orchestrated output cuts in major regions. Csteelnews.com, a website run by the official China Metallurgical News, said that output...

Coal Markets May Just Have Been Thrown A Lifeline

May 6, 2015, 3:46 pm

There have been rumors the last few months. And last week we got confirmation of a major shift underway in one of the world’s biggest bulk commodities. That’s thermal coal. Where it looks as if the world’s largest supplier — Indonesia — is on the verge of a collapse in...

BHP Models Leaner Look For Mining

May 4, 2015, 3:49 pm

Shareholders in the world’s biggest mining company, BHP Billiton, could set a tone for the industry this week when they vote on whether to support a plan to make the company smaller. Spurning the bigger-is-better mantra that has characterized the mining sector’s long boom since the...

No more hot air on infrastructure: Jokowi

May 4, 2015, 3:47 pm

http://www.thejakartapost.com/news/2015/04/30/no-more-hot-air-infrastructure-jokowi.html President Joko “Jokowi” Widodo pledged on Wednesday to walk the talk in fulfilling his infrastructure development promises, amid worries among investors over the sluggish realization of...

THERMAL COAL-Futures stabilise after losing streak

April 29, 2015, 3:58 pm

LONDON, March 18 (Reuters) – Thermal coal futures were firm on Wednesday, consolidating in a lower range, after the market erased gains made on speculation that supply cuts could outweigh weak demand. European API2 2015 coal futures were up 0.9 percent to $58.25 a tonne, after a week of...

Indian Demand For Energy Is Good News For Coal Miners

April 27, 2015, 3:59 pm

India appears set to achieve its decades-long goal of overtaking China as the Asian giant with the fastest growing economy and if that achievement can be sustained it could be the spark which re-ignites the fading Australian coal mining industry. Over the past two years, thanks to low prices and...

Newcastle coal market needs transparency to gain credibility: Russell

April 25, 2015, 4:13 pm

Should there be a debate about the efficiency and transparency of Asian’s main thermal coal price indicator, the Newcastle index? The Newcastle weekly index, which underpins physical and paper trading, has jumped around this year, gaining almost 21 percent between a six-year low on Jan. 9...

Bu Rini is targetting a May start for Batang

April 24, 2015, 4:00 pm

Indonesia’s plans to root out graft at huge state companies, lure investment from China and take control of its largest gas field–all key to new President Joko Widodo’s economic plans–hinge largely on a minister trying to infuse government with a private-sector...

Coal India output won’t keep imports low

April 22, 2015, 4:01 pm

Despite Coal India reporting the sharpest production growth in two decades in FY15 and the momentum expected to remain in the current fiscal, the country’s coal imports are set to accelerate. Power companies, one of the major consumers of coal, have firmed up plans to import 73 million tonne...

China’s March coal imports down 32.7% on year

April 20, 2015, 4:02 pm

Singapore (Platts)–13Apr2015/949 am EDT/1349 GMT China’s coal imports, including lignite, thermal and metallurgical coal, fell 32.7% year on year to 17.03 million mt in March, the ninth consecutive year-on-year decline, data from the General Administration of Customs (GAC) showed...

Thailand’s PTT considering investment in Indonesia coal

April 17, 2015, 4:03 pm

Thailand’s top energy firm PTT Pcl is considering investing in coal projects in Indonesia and listing its foreign investment arm there, expecting coal to find sustained demand in the region despite recent price weakness, company executives said. “We have seen regional demand for...

‘Sustainability’ gone mad on college campuses

April 15, 2015, 4:04 pm

Syracuse University alumni are new additions to the lengthening list of people who can stop contributing to their alma maters. The university has succumbed — after, one suspects, not much agonizing — to the temptation to indulge in progressive gestures. It will divest all fossil fuel...

CHINA BURNS HALF OF THE WORLD’S COAL

April 13, 2015, 4:05 pm

China is the world’s largest consumer of coal, using more coal each year than the United States, the European Union, and Japan combined. Coal power has been the dominant source of energy used to fuel the rapid economic development of China in the past two decades, with significant impact on...

Coal output falls as prices continue to lag

April 10, 2015, 4:06 pm

Coal output dropped by 21 percent in the first three months of the year as low prices for the commodity forced mining companies to reduce activities to cut production costs. Data from the Energy and Mineral Resources Ministry’s directorate general for minerals and coal shows the total...

Economy in brief: Coal association seeks bigger role in RI

April 10, 2015, 4:06 pm

The Indonesian Coal Mining Association (APBI) is seeking a bigger role in the rule-making process for the country’s coal industry, a new chief has said. The newly elected chairman of the association, Pandu Sjahrir, said coal utilization, incentives, slowing investment and royalty payments...

This One Nation Could Provide Hope For Coal Markets This Year

April 9, 2015, 4:08 pm

The India coal situation keeps getting more interesting. With national regulators this week announcing they’re going to need a lot more supply this coming year. India’s Central Electricity Authority (CEA) said this week that it will raise imports by 35% for the coming fiscal year...

As more countries turn against coal, producers face prolonged weakness in prices

April 6, 2015, 4:09 pm

High-cost deep mines in the rich world are worst-hit: in America 24 coal companies have gone bust in the past three years, and one-sixth of the remaining capacity loses money. But even Australia, whose low-cost opencast mines play a role akin to Saudi Arabia’s in the oil market, is...

Market seeks clarity on new Indonesian rule on L/Cs for thermal coal exports

April 1, 2015, 4:10 pm

With the new Indonesian regulation making letters of credit mandatory for exports coming into effect on Wednesday, market participants voiced concerns over possible delays in shipments and sought more clarity from the government on the fresh requirements, sources said Tuesday, March 31. The new...

Production by Coal India has failed to keep pace with rising demand

March 30, 2015, 4:11 pm

HONG KONG–The flow of the world’s seaborne coal trade is shifting as China, the top consumer, seeks to rely more on domestic output while cutting its use of the fuel. India, the world’s second-largest coal consumer, is picking up the slack, pulling in more coal cargoes as...

Coal Assets Opportunities Abound for Those Willing to Bet On a Price Rebound

March 23, 2015, 4:14 pm

SYDNEY — For patient investors brave enough to call a bottom on coal, now may be the time to invest in an estimated US$15 billion in mines up for grabs. Coal has lost more than half its value in the past four years. Expanding production and an economic slowdown in China, the largest market...

Invest in coal: It’s the answer, not the problem

March 20, 2015, 4:15 pm

Editor’s note: The following is a well-written contribution from Frank Clemente, Professor Emeritus of Social Science at Penn State University, former director of the university’s Environmental Policy Center and editor of the IEA report The Global Value of Coal (2012)....

March 18, 2015, 4:16 pm

March 11, 2015 7:00 a.m. ET The global economy grew at a slightly faster pace in 2014, as a modest revival in the eurozone and a pickup in India helped offset slowdowns in China and Japan. The Organization for Economic Cooperation and Development Wednesday said the combined gross domestic...

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