Adaro

Nearly $640 bln coal investments undercut by cheap renewables – research

March 13, 2020, 6:27 pm

Nearly $640 billion of investment in coal power capacity worldwide is at risk because it is cheaper to generate electricity from new renewables, research by think tank Carbon Tracker Initiative showed on Thursday. Institutional investors are increasingly withdrawing from fossil fuel companies...

Weekly US coal production reaches new low in 2020: EIA

March 12, 2020, 9:08 pm

Houston — Weekly US coal production was estimated at 10.6 million st in the week that ended March 7, down 6.1% from the previous week, US Energy Information Administration data said Thursday. It was the strongest week-on-week decline in five weeks. Across the board, all basins hit their...

China coking coal premiums in check as coronavirus hits steel market

March 11, 2020, 8:11 pm

London — China's domestic coking coal prices remain lofty compared with seaborne and regional markets elsewhere, but the coronavirus effect on China's steel inventory and steel demand may push markets closer together, according to market sources. Already, traders are eyeing a...

Carbon emissions fall as electricity producers move away from coal

March 9, 2020, 6:40 pm

Carbon emissions from the global electricity system fell by 2% last year, the biggest drop in almost 30 years, as countries began to turn their backs on coal-fired power plants. A new report on the world’s electricity generation revealed the steepest cut in carbon emissions since 1990 as...

Standard Bank commits to reducing exposure to thermal coal

March 6, 2020, 6:30 pm

JOHANNESBURG – Standard Bank has committed to reducing exposure to thermal coal over time. The lender said in its Thermal Coal Mining Policy which was published on Thursday that the group would not finance mountain top removal mining activities. The policy was published after...

Coal suppliers fear uncertainty over Indonesia's new shipping rules could hurt export demand

March 5, 2020, 7:58 pm

Singapore — Indonesian thermal coal suppliers and shipping companies are growing increasingly concerned as the May 1 implementation of a requirement to use local ships for exports draws closer, as the government has yet to define what it means by Indonesian-controlled ship, market sources...

China's removal of port construction fees in Q2 could spur seaborne coal activity: traders

March 4, 2020, 6:28 pm

Singapore — China's removal of port construction fees for all import and export goods and a 20% reduction in all other government port charges over March 1 to June 30 could spur a modest uptick in seaborne coal trading activity and reduce costs for end-users, market sources said...

RPT-COLUMN-Seaborne coal's struggles in Asia are more than just China coronavirus: Russell

March 3, 2020, 6:25 pm

LAUNCESTON, Australia, March 3 (Reuters) - Asia’s seaborne coal markets stumbled in February and it appears the coronavirus outbreak in China may dodge most of the blame, with the weakness concentrated in other major importers of the polluting fuel. South Korea’s imports of both...

BlackRock World Mining drops coal from remit

February 28, 2020, 7:28 pm

BlackRock World Mining drops coal from remit – in conjunction with the release of BlackRock World Mining’s annual report for 2019, the board has had a rethink about its benchmark and examined the trust’s ESG credentials. The managers have decided that, across their business, they...

JPMorgan announces big moves to support environment, including ending loans to coal industry

February 26, 2020, 6:17 pm

JPMorgan Chase pledged on Tuesday to facilitate $200 billion in environmental and economic development deals and will pull back from advising and lending to the coal-mining industry. The new targets, disclosed in presentations for the New York-based bank’s annual investor day, mark an...

Indonesia could lose coal buyers over regulation mandating use of local ships: APBI

February 24, 2020, 7:10 pm

Indonesian coal miners may lose buyers because of a regulation that requires coal exporters to only use domestic shipping companies and insurance services, experts have warned. The head of the marketing and logistics department at the Indonesian Coal Mining Association (APBI) Hendri Tan said...

Mongolia to resume coal exports to China

February 21, 2020, 7:05 pm

Mongolia will resume coal exports to China on 3 March, restoring a key source of coking coal imports after a four-week halt. The border has been closed after a 10 February decision to halt all commodity border crossings in a bid to prevent a further spread of the coronavirus within...

India: Potential investors seek more clarity on commercial coal mining norms

February 20, 2020, 6:56 pm

Potential private investors have sought more clarity on the pricing mechanism proposed for the much-anticipated auction for commercial coal mining. In three separate meetings with Union coal ministry officials, some industry personnel also pointed out that the efficiency parameters specified by the...

Miners welcome Indonesia’s new jobs bill that could spur coal growth

February 19, 2020, 7:05 pm

Miners have welcomed proposed changes to Indonesian mining rules under a new law aimed at boosting investment, though critics are concerned that the changes could underpin an expansion in polluting coal and threaten environment protection. President Joko Widodo’s sprawling “Job...

China thermal coal market faces two-three month coronavirus short squeeze: Noble

February 18, 2020, 6:54 pm

BAMBOLIM, Goa, India (Reuters) - China’s domestic thermal coal market faces a 2-3 month short squeeze as a rapidly spreading coronavirus outbreak curtails production more than demand, Noble Resources’ chief coal analyst said on Tuesday. The new virus, which originated in China, has...

Coal’s Losing Steam as Supply Restarts, Virus Stifles Demand

February 17, 2020, 6:48 pm

(Bloomberg) -- Coal prices in China are back on the slide as local miners resume production, easing concern about tight supply and suggesting demand is a bigger wild card as the world’s top market tries to contain a coronavirus outbreak. Futures on the Zhengzhou exchange have fallen for...

Indonesia faces thermal coal loading delays amid vessel quarantines: sources

February 14, 2020, 6:27 pm

Singapore — The loading of coal cargoes onto vessels in the Kalimantan archipelago could experience slight delays in the near-term amid lingering concerns over the spread of coronavirus or COVID-19, sources said Friday. A south China-based trader told S&P Global Platts that workers...

Coal India keeps raising output targets

February 12, 2020, 6:35 pm

CIL's 2019-20 coal output is forecast at around 610mn t against a targeted 660mn t, a senior company executive told Argus after the release of the company's latest quarterly financial results yesterday. Despite the looming miss for 2019-20, CIL will aim for output of 710mn t in...

EIA expects 2020 US coal output to fall 13.7% on year: STEO

February 11, 2020, 6:25 pm

Houston — US coal production is forecast to be about 596 million st in 2020, down 13.7% from the estimated 2019 output of 690 million st, data from the Energy Information Administration's Short-Term Energy Outlook showed Tuesday. The EIA projects output of about 587 million st for...

India coal imports rise in Nov after three months of decline

February 10, 2020, 6:54 pm

NEW DELHI, Feb 10 (Reuters) - India’s coal imports in November rose 8.6% from a year earlier to 21.83 million tonnes, government data showed, following three straight months of decline. Imports of thermal coal - used mainly for electricity generation - rose 12.3% from a year ago to 17.65...

Virus-hit China may need more imports of coal. Now comes the tricky part – shipping it there

February 7, 2020, 7:37 pm

China’s domestic coal mines are struggling to ramp up production in the face of the ongoing coronavirus epidemic. That’s a situation that may seem positive for seaborne exporters, but in reality it may be challenging for miners to take advantage. While there may be increased demand...

Chinese coking coal imports rise by 15.3pc in 2019

February 5, 2020, 6:50 pm

China imported 74.6mn t of coking coal last year, up by 15.3pc from 64.7mn t in 2018, according to Chinese customs data. But imports in December stood at an all-time low of 1.7mn t, down by 72.43pc from November, and down by 45.7pc from December 2018. Total Chinese imports from Australia stood...

Indonesia's Feb coal benchmark price set at $66.89/T -ministry

February 4, 2020, 6:01 pm

Indonesia’s government set its coal benchmark price (HBA) for February at $66.89 per tonne, Agung Pribadi, a spokesman at Energy and Mineral Resources Ministry told reporters on Tuesday It is a slight increase from $65.93 per tonne in January COAL-HBA-ID “The price increase for...

India”s coal import rises 8% to 186 MT in Apr-December

February 3, 2020, 6:05 pm

India’s coal import increased by 7.6 per cent to 185.88 million tonnes (MT) in the April-December period of the current fiscal. Coal imports in December rose by 13.3 per cent to 20.52 MT compared to 18.10 MT in the year-ago month, according to provisional data by mjunction...

China border curbs to restrict coking coal supplies

January 31, 2020, 6:21 pm

Two of China's closest trading partners Mongolia and Russia plan to restrict border crossings to prevent a further spread of the coronavirus outbreak, which is expected to halt coking coal exports to China. Border authorities in Mongolia have enforced temporary movement restrictions at its...

Thermal coal markets: 5 trends to watch out for in 2020

January 30, 2020, 6:56 pm

The seaborne thermal coal market entered the year challenged by low priced LNG in the Atlantic and rapidly increasing supply in the Pacific. Economic indicators are weak globally and a warm winter in the northern hemisphere threatens Q1 demand. Will the market turn the corner later in the...

Carbon tax contributes to drop in coal-fired electricity in UK: report

January 28, 2020, 7:15 pm

LONDON, Jan. 27 (Xinhua) -- Britain's proportion of electricity generated from coal has fallen significantly from 40 percent to just 3 percent ever since a tax on carbon dioxide emissions was introduced in 2013, according to a report released Monday by the University College London...

China imports 300m tonnes of coal in 2019 as prices tumble

January 27, 2020, 7:11 pm

Chinese coal imports jumped 7% last year to 300m tonnes as international prices for the fuel plunged to levels too attractive to resist, despite government intentions to keep foreign purchases flat. The world’s biggest coal consumer managed to squeak its total imports in under an...

US coal-fired power generation totals 75.6 TWh in November, down 18.7% on year: EIA

January 27, 2020, 7:08 pm

Houston — US coal-fired power generation totaled 75.6 TWh in November, down 18.7% on year but up 13.1% from October, Energy Information Administration data showed Monday. It was the first month-on-month increase since July. From the five-year average of about 95.5 TWh produced in...

US thermal, met coal outlook negative on weak pricing and dropping demand: Moody’s

January 24, 2020, 6:40 pm

Moody’s Investor Services issued a negative outlook for US coal markets, driven by weak coal pricing in thermal and met markets, in addition to dropping domestic and export demand. “Coal pricing remains weak in early 2020, with no clear catalyst for improvement during the year after...

Declining gas prices drive drops in US coal production and demand in 2020: Platts Analytics

January 23, 2020, 5:31 pm

Houston — Declining natural gas prices continue to drive coal demand down, leading to projections of US coal production totaling near 500 million st in 2020, S&P Global Platts Analytics said in a report. "Due to an extraordinarily mild January, our heating-season gas price outlook...

Coal Industry Near-Term Outlook Dulled by Falling Demand

January 22, 2020, 6:58 pm

The Zacks Coal industry comprises companies that are involved in the discovery and mining of coal. Depending on the deposit, coal is mined by either opencast or underground method. Coal is valued for its energy content and used worldwide to generate electricity, and in steel and cement...

Thermal coal prices set for recovery this year as oversupply tightens

January 21, 2020, 5:41 pm

Thermal coal prices are expected to recover this year after losing around a third of their value last year as demand from some south-east Asian countries grows and oversupply tightens due to financing constraints for new capacity. Investors widely anticipate the slow demise of coal use due to...

Adaro (ADRO) Siap Ekspansi ke Bisnis Energi Baru Terbarukan

January 20, 2020, 5:45 pm

KONTAN.CO.ID - JAKARTA. PT Adaro Energy Tbk (ADRO) mulai melirik bisnis energi baru terbarukan (EBT). Namun, sejauh ini bisnis energi hijau itu baru digunakan internal Adaro. Wakil Presiden Direktur PT Adaro Power Dharma Djojonegoro bilang, Adaro saat ini tengah memasuki uji kelayakan...

Yancoal predicts coal volatility in 2020

January 17, 2020, 6:54 pm

Yancoal has temporarily suspended operations at several Hunter Valley mines in New South Wales for a few days due to poor air quality resulting from bushfires. Dust and bushfire smoke delays impacted overburden activities at the Mount Thorley Warkworth mine, which is just out of Singleton,...

Climate activists dump coal inside Swiss bank UBS

January 15, 2020, 6:51 pm

GENEVA (Reuters) - Swiss climate activists dumped coal inside a branch of bank UBS on Tuesday to protest against its funding of fossil fuel projects, a day after a judge acquitted 12 climate protesters over a stunt inside Credit Suisse. A witness said 20-30 activists took part in Tuesday’s...

Amankan Pasokan Batu Bara, PLN Ikat Kontrak Jangka Panjang

January 13, 2020, 5:40 pm

Bisnis.com, JAKARTA - PT PLN (Persero) menyatakan telah melakukan kontrak jangka panjang dengan waktu kurang lebih 5 tahun untuk memenuhi kebutuhan batu bara yang terus naik. Adapun hingga akhir 2019, telah terjadi peningkatan tambahan kapasitas pembangkit listrik tenaga uap (PLTU) hingga 3.017...

As Delhi chokes, ministry says coal-fired plants need extra time to meet emission norms

January 10, 2020, 7:01 pm

NEW DELHI (Reuters) - India’s power ministry has asked for coal-fired power plants around New Delhi, the capital city with the worst air quality in the world, to be given more time to install equipment to reduce emissions, after the year-end deadline for action passed. A government...

Indonesia to Use Up 12% More Coal This Year as New Mineral Smelters Start Operation

January 9, 2020, 5:20 pm

Jakarta. The Energy and Mineral Resources Ministry projects that domestic coal consumption will rise by 12 percent this year, thanks to additional demand from up to eight new mineral smelters. Indonesia is expected to use up 155 million tons of coal this year to fire up its power plants,...

Indonesia sets Jan HBA thermal coal price at $65.93/mt, down 0.6% from Dec

January 8, 2020, 7:15 pm

Singapore — The Indonesian Ministry of Energy and Mineral Resources set its January thermal coal reference price -- also known as Harga Batubara Acuan, or HBA -- at $65.93/mt, down 0.6% on the month and down 28.7% on the year. Tightened Chinese import restrictions have limited any...

Indonesia keeps coal domestic market obligation rules unchanged for 2020

January 7, 2020, 5:10 pm

JAKARTA, Jan 7 (Reuters) - Indonesia’s Energy and Mineral Resources Ministry has decided to keep coal domestic market obligation at 25% and the price cap at $70 per tonne in 2020, it said in a statement on Tuesday. Ministry officials last year said the government was considering lowering...

China’s Shanxi Coking Coal leaves low sulfur premium HCC prices unchanged for Q1

December 31, 2019, 12:10 pm

China’s Shanxi Coking Coal Group Monday set its low sulfur premium hard coking coal prices for the first quarter of 2020 unchanged Monday from Q4. “No price change will be made to premium hard coking coal with a sulfur content below 1.3%, while a variety of price cuts between Yuan...

Australian miners hit by lowest thermal coal price in more than a decade

December 30, 2019, 6:52 pm

Australian coal exporters have experienced the biggest annual drop in thermal coal prices in more than a decade during 2019, raising doubts about industry projections that demand will continue to grow. The spot price of thermal coal, which is burned to generate electricity, was US$66.20 ($95)...

Misery Looms Over Top Coal Shippers as China to Buy Less in 2020

December 23, 2019, 5:51 pm

(Bloomberg) -- China isn’t cutting back on consumption of the most-polluting fossil fuel just yet, but it is set to reduce imports. The world’s biggest coal buyer will likely purchase less from overseas in 2020 after a boost this year, according to analysts. With domestic production...

Goldman Sachs abandons coal as investors look to low-emissions future

December 20, 2019, 7:00 pm

But outside the talks, investors are voting with their dollars as money flees fossil fuels and migrates to clean energy. The policy shift at one of the world's biggest and most powerful investment banks is a sign of the times. This week, Wall Street behemoth Goldman Sachs announced it had...

StanChart stops funding three S-E Asia coal plants worth US$7b

December 19, 2019, 7:08 pm

STANDARD Chartered has pulled financing for three coal-fired power plants in South-east Asia amid a global push to cut greenhouse gas emissions, throwing into doubt projects worth an estimated US$7 billion and piling pressure on the coal industry. Banks and investors are facing pressure from...

Standard Chartered Exits Three SE Asia Coal Plants Worth Estimated £5.4 Billion

December 18, 2019, 6:34 pm

SINGAPORE — Standard Chartered has pulled financing for three coal-fired power plants in Southeast Asia amid a global push to cut greenhouse gas emissions, throwing into doubt projects worth an estimated $7 billion (£5.4 billion) and piling pressure on the coal industry. Banks and...

World demand for coal falls despite growth in Asia

December 17, 2019, 7:35 pm

Global demand for coal has fallen this year for the first time in two years as Europe and the US turn their backs on coal-fired power plants in favour of cheap gas and renewable energy. A report from the International Energy Agency (IEA) found that the world’s appetite for coal declined in...

Moody’s sees negative 2020 US thermal coal outlook on smaller stack share, lower exports

December 16, 2019, 7:04 pm

Moody’s Investors Service said Friday it retained a negative outlook on US thermal coal markets in 2020 based on stiffer competition in the generation stack from natural gas and renewables, in addition to low export expectations given the US’ role as a swing producer. Economic,...

Kementerian ESDM targetkan DMO batubara tahun 2020 sebanyak 155 juta ton

December 13, 2019, 5:20 pm

Pemerintah melalui Kementerian Energi dan Sumber Daya Mineral (ESDM) memasang target kuota volume domestic market obligation (DMO) batubara sebesar 155 juta ton pada tahun 2020 mendatang. Jumlah tersebut meningkat dibandingkan dengan rencana DMO di tahun ini sebesar 128 juta ton. Kasubdit...

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