Adaro

Coal-dependent Chile vows to eradicate fuel by 2040

June 4, 2019, 8:04 pm

Chile vowed to go carbon neutral by 2050 on Tuesday, in a proposal hailed by experts as one of the most ambitious yet for a coal-dependent economy. The host of the next UN climate talks in December president Sebastian Piñera pledged to close eight of the country’s 28 coal-fired...

Europe ‘watershed’ as green energy set to overpower coal

June 3, 2019, 6:39 pm

The European energy sector has reached a “watershed” where cheaper, clean energy will destroy the economic viability of coal production within a decade, says the head of Europe’s largest power utility. Francesco Starace, chief executive of Enel, said the increasingly lower...

Analysis: Australian thermal coal producers eye switch on wider semi-soft coking coal-thermal spread

May 31, 2019, 8:46 pm

Singapore — A widening spread between Newcastle semi-soft coking coal (SSCC) and thermal coal prices is creating incentives for Australian coal producers with coal-washing facilities to turn thermal coal into SSCC, although the current flat demand from Asian steel mills may dampen exports,...

China expects to hit 2020 coal cap targets; demand overshadows

May 29, 2019, 7:16 pm

BEIJING, May 29 (Reuters) - China expects to achieve its national coal consumption cap targets in 2020, but the country's aggressive goals could be tempered due to solid demand from power, steel and petrochemical industries, a government-backed study showed on Wednesday. China is the...

Indonesia, China coal associations tie up to boost cooperation in coal mining sector

May 28, 2019, 7:41 pm

Singapore — The Indonesian Coal Mining Association and China National Coal Association have signed a memorandum of understanding in Jakarta to strengthen cooperation in the coal mining sector. "The collaboration framework is certainly in line with the government's efforts to...

Adani's coal hopes look increasingly isolated as BHP joins naysayers: Russell

May 23, 2019, 8:34 pm

LAUNCESTON, Australia, May 23 (Reuters) - How’s this for a study in contrasts: One of the world’s biggest coal miners effectively says the industry is dying just days after Australia’s opposition party suffered a shock election loss, partly blamed on its failure to unambiguously...

BHP warns investors coal could be phased out 'sooner than expected'

May 22, 2019, 8:31 pm

BHP is looking to add more oil, copper and nickel resources to its portfolio, while souring on thermal coal because it thinks the fossil fuel will be phased out, “potentially sooner than expected”. BHP’s chief financial officer, Peter Beaven, told investors and analysts in a...

In coal we trust: Australian voters back PM Morrison's faith in fossil fuel

May 20, 2019, 7:32 pm

MELBOURNE (Reuters) - Australia’s re-elected Prime Minister Scott Morrison once brandished a lump of coal in parliament, crying, “This is coal - don’t be afraid!” His surprise win in what some dubbed the ‘climate election’ may have stunned the country, but voters...

Low-CV Indonesian physical coal prices edge lower

May 17, 2019, 8:03 pm

There were further signs that the low-calorific value (CV) Indonesian physical coal market was coming under pressure today, with bids and offers starting to edge lower amid weaker demand from key buyers China and India. The actively traded GAR 4,200 kcal/kg (NAR 3,800 kcal/kg) market saw an...

China caps capacity at coal mines at risk for 'bumps'

May 16, 2019, 8:08 pm

BEIJING (Reuters) - China’s National Coal Mine Safety Administration said it has set a production cap of 8 million tonnes of coal a year for each mine deemed to be at risk from so-called “bumps”. As part of the measure to improve safety, capacity expansion on such mines will...

Bukit Asam to complete coal gasification feasibility studies in May

May 15, 2019, 8:00 pm

Publicly listed coal miner PT Bukit Asam (PTBA) will complete feasibility studies for its coal gasification project in Sumatra in May. Following PTBA’s plan to build two coal gasification plants in Sumatra, company president director Arviyan Arifin said he expected the studies to be...

Asian banks joining trend away from coal

May 14, 2019, 8:05 pm

Asia has witnessed five major financial institutions announcing exit policies from coal-fired power plants over the last six weeks, signalling an acceleration away from coal financing into renewable-energy projects in the Asia-Pacific region. Singapore’s big three banks – DBS Group...

Analysis: Met coal price spreads tighten between FOB Australia and China as demand rises

May 10, 2019, 8:44 pm

London — The rise in met coal prices in Asia-Pacific markets this week is also tightening relative price variations between FOB Australia and coking coal markets in China. The rise in met coal prices in Asia-Pacific markets this week has tightened the spread between the FOB Australia and...

The UK just went one week without coal power for the first time in 137 years

May 9, 2019, 8:41 pm

For the first time since 1882, when the first coal-fired power plant started running in the UK, the country has gone coal-free for a full week, according to the National Grid's Electricity System Operator (ESO). And Britain is now on course to generate electricity with zero carbon by 2025,...

Indonesia coal price dips nearly 8% on dwindling demand

May 8, 2019, 8:38 pm

The Indonesian coal price reference (HBA) has continued to decline this month due to shrinking market demand to US$81.86 per ton, or a month-to-month (mtm) decrease of 7.86 percent. Energy and Mineral Resources (ESDM) Ministry spokesperson Agung Pribadi said that East and West Asian countries,...

Vietnam boosts Russian coal imports

May 7, 2019, 8:09 pm

Russia increased coal supplies to Vietnam to 852,000t in January-February from 237,000t a year earlier, according to national government data, amid growing demand from power utilities that cannot be covered by limited domestic supply. Russia's share of Vietnam's total coal imports...

Warrior Met Coal sees record-high coal production in Q1: company

May 2, 2019, 7:36 pm

Houston — Warrior Met Coal produced a record-high 2.3 million st of metallurgical coal in the first quarter of 2019, up from 2.1 million st produced in the year-ago quarter, according to a company statement. The Brookwood, Alabama-based company sold 2.1 million st of premium low-volatile...

Bids, offers of low-CV Indonesian coal edge up

April 30, 2019, 8:05 pm

There were increased inquiries in the Indonesian GAR 4,200 kcal/kg (NAR 3,800 kcal/kg) market from some Chinese buyers seeking cargoes ahead of the holiday, although deals were slow to emerge. There is a view in the market that prices may find further support next week, with the Islamic fasting...

America's renewable energy set to surpass coal for the first month ever

April 29, 2019, 7:31 pm

New York (CNN Business) America's clean energy revolution is on the verge of a tipping point. The renewable energy sector is projected to generate more electricity than coal during the month of April, according to a recent report published by the Institute for Energy Economics and Financial...

Anglo American production drops on coal output

April 26, 2019, 7:33 pm

Anglo American PLC (AAL.LN) Thursday reported that total production on a copper-equivalent basis fell 6% in the first quarter of 2019 after two planned longwall moves saw a 25% fall in metallurgical coal production. The diversified mining company said metallurgical coal production fell to 4.2...

Arch Coal reports record coking coal margins in Q1

April 23, 2019, 7:00 pm

Houston — Arch Coal sold 20.62 million st of coal in the first quarter of 2019, down 13.9% from 23.95 million st in Q4 2018 and 12.8% from 23.66 million st sold in the year-ago quarter, due to a sharp drop in Powder River Basin shipments, but were offset by record margins in its coking coal...

Exxon is helping China move away from coal

April 22, 2019, 6:56 pm

New York (CNN Business)China is turning to ExxonMobil to help meet its insatiable appetite for cleaner energy as the country moves away from coal. Despite lingering trade tensions between Washington and Beijing, Exxon (XOM) on Monday announced a 20-year agreement to send liquefied natural gas to...

India And Australia Vote With A Coal Clash Possible After The Twin Elections

April 20, 2019, 11:12 am

India and Australia could both have new governments by the end of next month but they will almost certainly continue to share a common problem; how to manage the proposed $10 billion Carmichael coal mining project of India's Adani Group in the Australian State of Queensland. Elections in...

Thermal coal prices enter bear market territory

April 10, 2019, 7:54 pm

One worrying sign for the global economy: Thermal coal — burnt in power stations to generate electricity — has slumped into bear market territory, with benchmark prices around the world dropping to multiyear lows before recovering. The downturn started in Europe where falling...

Tokyo Gas, Shell sign LNG deal linked to coal pricing in rare move

April 5, 2019, 7:28 pm

TOKYO/SINGAPORE (Reuters) - Japan’s Tokyo Gas said on Friday it has signed a deal with Royal Dutch Shell for the long-term supply of liquefied natural gas (LNG), partly using a coal-linked pricing formula in an unusual move for an Asian LNG buyer. This is believed to be the first time a...

Germany hands over last black coal, but struggles to curb its emissions

April 3, 2019, 7:25 pm

(CNN)Today, German President Frank-Walter Steinmeier will receive "the last piece of black coal" dug from a German mine, as a symbolic gesture marking the end of the country's bituminous coal production. Hard black coal provides more heat than soft brown lignite, which also means...

India approves new coal projects amid a shrinking global pool

March 29, 2019, 7:10 pm

India continues to endorse new coal-fired generation projects, beating a global trend of shrinking thermal projects as concerns mount on rising emissions and tightening of credit. A report released jointly by Global Energy Monitor, Greenpeace India and the Sierra Club (US) shows the number of...

Japan to rule out coal-fired plants as international criticism rises

March 28, 2019, 7:07 pm

The Environment Ministry said that in principle it will not sanction construction of new large coal-fired power plants nor boilers to existing facilities in line with Japan's international pledges to tackle global warming. Moves are spreading worldwide to shun facilities that burn fossil...

China boosts coal mining capacity despite climate pledges

March 26, 2019, 6:48 pm

BEIJING (Reuters) - China added 194 million tonnes of coal mining capacity in 2018, data from the energy bureau showed on Tuesday, despite vows to eliminate excess capacity in the sector and to reduce fossil fuel consumption. Total coal mining capacity in the country was at 3.53 billion tonnes...

Global coal demand up 0.7% in 2018, largely due to Asia: IEA

March 26, 2019, 6:46 pm

London — Global coal demand totaled 3.778 billion tons of oil equivalent (Btoe) in 2018, up 0.7% on the year, bolstered largely by increased use in India and Southeast Asia, according to data released Tuesday by the International Energy Agency. Coal rode the wave of increased demand from...

2019, Adaro Fokus Kembangkan Produk Coking Coal

March 25, 2019, 7:20 pm

REPUBLIKA.CO.ID, JAKARTA -- PT Adaro Energy pada tahun ini akan fokus melakukan peningkatan produksi batu bara kokas atau coking coal. Selain peningkatan produksi, Adaro juga akan membidik pasar pasar coking coal. Presiden Direktur Adaro, Gharibaldi Tohir menjelaskan ekspansi pasar Adaro kepada...

Thailand's Feb coal imports slide 12% on year to 1.69 mil mt

March 22, 2019, 7:14 pm

Hanoi — Thailand imported 1.69 million mt of coal comprising mainly bituminous, anthracite and other coals in February, down 12.2% year on year, according to customs data released Thursday. The value of the imports in the month was $107.2 million, 15.1% lower than $126.2 million in...

Coal miners on rampage

March 22, 2019, 7:11 pm

The government has again demonstrated how pathetic it has been in coping with the environmental problems caused by abandoned coal-mine pits, which have increasingly become death traps for children and polluted food crops with acidic water in Kalimantan. Those huge black holes have even become an...

More Chinese ports delaying Australian thermal coal imports: sources

March 20, 2019, 7:45 pm

Singapore — An increasing number of Chinese ports are holding up Australian coal shipments, with long delays now being reported at Fuzhou port in the southeastern Fujian province, Rizhao in Qingdao and Yingkou in Dalian, according to traders and end-users in China. The delays indicate that...

Asia's coal addiction puts chokehold on its air-polluted cities

March 20, 2019, 7:42 pm

KUALA LUMPUR (Thomson Reuters Foundation) - Over the past year, the number of patients treated each day in the hospital unit where cardiologist Ade Imasanti Sapardan works in Indonesia’s capital has almost doubled to about 100. Sapardan, who sees up to 150 people every week, cites...

Miners eye lucrative prospects in coking coal

March 19, 2019, 7:40 pm

Coal miners are looking to boost coking coal production in line with projected growth in the steel industry and the construction and manufacturing sectors, which require the substance as an energy source. “We project that steel production will grow moderately this year in line with global...

Samin Tan: Kisah 'Raja' Coking Coal & Tak Jelasnya Nasib BORN

March 18, 2019, 6:30 pm

Jakarta, CNBC Indonesia - Nasib PT Borneo Lumbung Energi Tbk (BORN) semakin tak tentu. Pemegang saham sekaligus pemilik BORN Samin Tan sudah ditetapkan Komisi Pemberantasan Korupsi (KPK) sebagai tersangka kasus suap kepada mantan anggota DPR Eni Maulani Saragih. Seperi dikutip dari detik.com,...

It's Hard Being a Sell-Side Coal Analyst, But M&A Might Help

March 15, 2019, 7:27 pm

It’s tough being a stock analyst covering U.S. coal companies these days. Just ask Jeremy Sussman. The managing director at Clarksons Platou Securities Inc. offered up a snapshot of the challenges he faces covering an industry that struggles to attract investors amid competition from cheap...

BNP Paribas fund arm to exclude some coal and mining companies

March 14, 2019, 7:25 pm

(Reuters) - BNP Paribas Asset Management, the investment management arm of the French bank, is to stop investing in companies that obtain more than 10 percent of their revenue from thermal coal. The exclusion of such companies producing thermal coal and generating electricity from coal was...

US 2019 coal production expected to fall 7.8% on year to 694.9 million st: EIA

March 13, 2019, 6:58 pm

Houston — The US is estimated to produce 694.9 million st of coal in 2019, the US Energy Information Administration said Tuesday, cutting its estimate from a month ago by 3.8%. The 2019 production would be 7.8% lower than the 753.7 million st produced in 2018, while 2020 production is...

When Paying $1 for Coal Power Plant Is Still Paying Too Much

March 12, 2019, 6:56 pm

One dollar. That’s how much an aging New Mexico coal plant is worth. And by some estimates, even that may be too much. Acme Equities LLC, a New York-based holding company, is in talks to buy the 847-megawatt San Juan Generating Station for $1, after four of its five owners decided to shut...

China expands switch from polluting coal heating in 2018 -environment minister

March 11, 2019, 7:37 pm

BEIJING (Reuters) - China expanded its coal-to-gas and coal-to-electricity projects to 35 cities in 2018 from 12 cities the previous year, China’s environment minister, Li Ganjie, said on Monday, as the world’s second-largest economy stepped up its fight against smog. China’s...

Asia Minute: More Coal Fired Electricity for Australia?

March 8, 2019, 7:22 pm

One of the largest suppliers of electricity for the island of O‘ahu is a coal-fired power plant. While Hawai‘i is committed to reduce its use of fossil fuels in coming years, it’s a different story for another location in the Asia Pacific. There’s a proposal to build a...

Australia's North Queensland coal exports slump to 22-month low in Feb

March 8, 2019, 7:20 pm

Sydney — Exports of coal from North Queensland, Australia, plummeted in February as the region's coal chain faced industrial action and weather-related issues, data from North Queensland Bulk Ports Corporation showed Thursday. There was a total of 8.92 million mt of coal shipped from...

Now is the time for new coal plants, resources minister says

March 7, 2019, 7:15 pm

The resources minister, Matt Canavan, has declared “now” is the right time to build new coal-fired power, as the prime minister insisted his pre-election priorities were securing passage of budget bills and helping north Queensland recover from the recent floods. The comments from...

Spanish Feb thermal coal usage at 2.2 TWh, down 35% on month

March 4, 2019, 7:28 pm

Barcelona — Spanish coal consumption dropped 35% in February, continuing a decline that saw an 18% drop for the full year 2018, according to data published Saturday by Spanish grid operator Red Electrica de Espana (REE). Output from Spanish coal-fired plants was 2.2 TWh in the month and...

Australia's BHP-Mitsubishi sells new brand of hard coking coal: sources

March 1, 2019, 6:32 pm

Singapore — Australia's largest metallurgical coal producer, BHP-Mitsubishi Alliance, or BMA, has sold a new brand of hard coking coal named Australian coking coal HS this week, market sources told S&P Global Platts Friday. Australian coking coal HS has these specifications: 60%...

Thailand's PTT to up gas investment as country looks beyond coal

March 1, 2019, 6:30 pm

BANGKOK -- State-owned energy group PTT will spend billions of dollars over the next decade to increase Thailand's natural gas supply, supporting the government's efforts to diversify the country's coal-heavy energy mix. Plans for the five years through 2023 call for 167 billion baht...

Luhut admits owning 6,000-ha coal mine in East Kalimantan

March 1, 2019, 6:26 pm

Amid the brouhaha surrounding the large land concessions managed by members of Indonesia's political elite, Coordinating Maritime Affairs Minister Luhut Pandjaitan has admitted to owning a 6,000-hectare coal mine in East Kalimantan. The coal mine, the senior minister said, was a concession...

Ramaco coal sales jump threefold in 2018 to 2.15 million st

February 26, 2019, 7:05 pm

Houston — Ramaco Resources said it sold nearly 2.15 million st of coal in 2018 at an average sales price of roughly $78/st, up threefold from 608,000 st sold in 2017 at approximately $66/st, the company said Monday. In a preliminary quarterly earnings statement, the Lexington, Kentucky...

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