Adaro

Australian exports to India will be driven by coal and competition

November 19, 2018, 8:14 pm

I think we may have reached peak "stop Adani". In The Australian Financial Review on Monday last week, Richard Denniss prosecuted the fantastic argument that we should not allow Adani to open because that would hurt coal production and jobs in NSW! So the message to North Queensland...

Chinese authorities tighten port restrictions to control coal imports: sources

November 16, 2018, 7:01 pm

Singapore — China's National Development and Reform Commission imposed further port restrictions on coking coal and thermal coal until the end of 2018 at ports across China, market sources said Thursday. Sources said that NDRC had verbally informed General Administration of Customs...

Advancing the coal power plants of the future

November 14, 2018, 8:07 pm

The US Department of Energy’s (DOE) Office of Fossil Energy (FE) intends to fund competitive research and development efforts in FY 2019 that will advance first-of-a-kind coal generation technologies. This effort—the Coal FIRST (Flexible, Innovative, Resilient, Small, Transformative)...

Gas to overtake coal as world's second largest energy source by 2030: IEA

November 13, 2018, 8:32 pm

LONDON (Reuters) - Natural gas is expected to overtake coal as the world’s second largest energy source after oil by 2030 due to a drive to cut air pollution and the rise in liquefied natural gas (LNG) use, the International Energy Agency (IEA) said on Tuesday. The Paris-based IEA said in...

Southern Company seeks up to 1.8 mil st of Q1 2019 subbituminous PRB coal

November 12, 2018, 8:28 pm

Houston — Southern Company is seeking up to 1.8 million st/year of subbituminous Powder River Basin coal on behalf of its subsidiaries for delivery in the first quarter of 2019, the utility holding company said late Friday in a coal solicitation. The company is seeking as much as 600,000...

Taiwan to promote coal-fired power generation in medium, long term: ministry

November 9, 2018, 8:50 pm

London — Coal-fired power generation in Taiwan will remain key to the county's economic plans, promoting the use of ultra-supercritical technology to reduce emissions, the Ministry of Economic Affairs said Thursday. "In the medium and long term, the Ministry of Economic Affairs...

Pertamina, Bukit Asam ink coal gasification deal in US

November 8, 2018, 8:48 pm

State-owned energy holding company Pertamina and state-owned coal mining firm PT Bukit Asam (PTBA) have inked a partnership with chemical company Air Products and Chemicals Inc. on coal gasification. Under the agreement, the United States-based company would build a facility to produce coal...

Indonesia hauling ban could paralyse South Sumatra coal mining - Assoc

November 7, 2018, 1:12 am

JAKARTA, Nov 7 (Reuters) - Indonesia’s South Sumatra province plans to ban coal transporters from using public roads from Nov. 8, an industry association said, in a move estimated to cut the province’s annual coal sales by 23 million tonnes. Indonesia is the world’s top thermal...

South Korea to cap operations of coal, oil power plants due to air pollution

November 6, 2018, 1:10 am

SEOUL (Reuters) - South Korea will cap operations of some coal and oil-fired power plants at 80 percent for the first time on Wednesday as most cities including its capital Seoul issued an air pollution advisory, its energy ministry said on Tuesday. The measure kicks in when an air pollution...

Indonesia’s coal reference price down 2.97 percent

November 5, 2018, 1:08 am

The government has set the Indonesian coal reference price for November at US$97.90 per ton, 2.97 percent lower than the price in the previous month, which was set at $100.89 per ton as a result of the global coal price, in response to China's ongoing import quota policy. Energy and Mineral...

Coal: The Market Awaits China

November 2, 2018, 8:29 pm

By Warren Patterson, Commodities Strategist Thermal coal prices have surprised the market once again this year, with stronger imports from China proving supportive for the seaborne market. Chinese policy will be key for how prices evolve over the winter. What will China do next? China...

Glencore says coal price can remain stronger for longer

November 1, 2018, 11:46 am

The price of high quality thermal coal can remain stronger for longer, according to miner and commodity trader Glencore, as production of the fossil fuel struggles to keep up with demand. In a presentation handed to analysts during a site visit on Wednesday, Glencore said an extra 1bn tonnes of...

Coal report says Australian exports have peaked and are in 'terminal long-term decline'

October 31, 2018, 11:44 am

The Australian coal export industry has peaked and entered a “terminal long-term decline”, says a new report that argues high prices have pushed global energy markets more quickly towards cheaper and cleaner alternatives. The Institute for Energy Economics and Financial Analysis...

Vattenfall looks to gas and biomass as end of coal power looms

October 29, 2018, 11:40 am

FRANKFURT/DUESSELDORF (Reuters) - Vattenfall is considering converting its German coal-fired power stations to use fuels including gas or biomass as utility companies in the country brace for a government deadline for phasing out coal altogether. The end of coal is the latest major challenge...

China's Hebei to ensure clean coal supply for 2018-2020 winters

October 26, 2018, 7:50 pm

BEIJING (Reuters) - China’s Hebei province has said it will ensure sufficient supplies of clean coal during the next three winters to avoid heating fuel shortages and reduce toxic air emissions. Several regions of China encountered fuel shortages last winter as Beijing pushed to switch...

Indian coal imports rise at the fastest rate in 3-1/2 years

October 25, 2018, 6:50 pm

NEW DELHI, Oct 25 (Reuters) - India’s thermal coal imports rose at the fastest pace in three-and-a-half years in the September quarter, spurred by new demand and domestic infrastructure bottlenecks that are threatening government plans to cut foreign supplies. Imports jumped 35 percent to...

Labor opposes plan to indemnify new coal plants and warns it could cost billions

October 24, 2018, 6:49 pm

The shadow climate change minister, Mark Butler, has issued a clear warning to Australia’s energy sector that Labor does not support the government indemnifying new coal plants against the future risk of a carbon price – noting the cost to taxpayers could run into billions. While the...

China's Shandong halts 41 coal mines after accident

October 22, 2018, 6:44 pm

BEIJING (Reuters) - Authorities in eastern China’s Shandong province ordered 41 coal mines to halt production for security checks, state-run Xinhua news agency reported on Monday, after an accident at a mine in the province killed three people. The accident on Sunday occurred at a coal...

China September coal output hits nine-month high as new capacity starts up

October 19, 2018, 7:50 pm

BEIJING (Reuters) - China’s coal output hit its highest in nine months in September, government data showed on Friday, boosted as new mining capacity started up in the country’s northwest. China has been given the go-ahead for a number of big coal mines as it tries to ease concerns...

U.S. greenhouse emissions fell in 2017 as coal plants shut

October 18, 2018, 7:46 pm

WASHINGTON (Reuters) - Greenhouse gases emissions from the largest U.S. industrial plants fell 2.7 percent in 2017, the Trump administration said, as coal plants shut and as that industry competes with cheap natural gas and solar and wind power that emit less pollution. The drop was steeper than...

BHP maintains 2018-2019 thermal coal production guidance despite fall in Jul-Sep

October 17, 2018, 8:00 pm

Sydney — BHP's thermal coal production in the July-September quarter slipped 1% year on year and 26% from April-June to 6.64 million mt, but the miner maintained its production guidance for fiscal 2018-2019, the company said Wednesday. The output figure was also below analysts'...

EDF says protests could hit French coal power plants until 2019

October 17, 2018, 7:57 pm

PARIS (Reuters) - French utility EDF (EDF.PA) said on Wednesday that protests could hit its coal power plants in France until the end of June 2019, due to the legislative process that would lead to the adoption of France’s long-term energy policy. The French government is expected to...

Australia’s coal sector hopeful

October 15, 2018, 3:40 pm

A new report prepared by Commodity Insights for the Minerals Council of Australia forecasts that the demand for metallurgical coal to 2030 will grow by over 95Mt, from 275Mt in 2017 to 372Mt in 2030; this is a 2.3% growth or around 7.5Mt per annum. Such a growth would be the equivalent of a...

World Bank won't back Kosovo coal power plant project

October 11, 2018, 2:57 pm

PRISTINA, Oct 10 (Reuters) - The World Bank said on Wednesday it would not support a planned 500-megawatt (MW) power plant in Kosovo, the Balkan country’s first major energy project in more than two decades, because it would use coal rather than cheaper renewable fuels. Kosovo’s...

Global coal mining industry sees compound annual growth

October 10, 2018, 7:12 pm

The global coal mining market is growing, with a CAGR of close to 2% from 2018-2022, according to a coal mining report published by Technavio. Technavio states the industry is largely driven by coal requirements and a rise in electricity generation, and has seen an overwhelming response due to...

The U.S. Coal Export Boom To Asia

October 8, 2018, 6:48 pm

There are many, many falsehoods out there about coal. The biggest, of course, is that "coal is dead," an organized effort to scare away potential investors of the world's most vital source of electricity. Indeed, the reality is quite different than what some insist that you believe....

Glencore wins cut to coal carrying costs out of Newcastle

October 8, 2018, 6:45 pm

MELBOURNE, Oct 8 (Reuters) - Australia’s competition regulator said on Monday the Port of Newcastle must reduce its charges for ships entering the port to carry coal for Glencore , in a big win for the global miner. The Australian Competition and Consumer Commission said Port of Newcastle...

Coal production reaches 64% of 2018 target

October 5, 2018, 6:23 pm

National coal production up to August has already reached 311 million tons, or 64 percent of this year's total target of 485 million tons, according to the government’s data. Coal exports have already reached 200 million tons, or 54 percent of the yearly target of 364 million tons,...

EPA’s new carbon plan won’t slow coal unit shutdowns -utilities

October 5, 2018, 6:21 pm

LOS ANGELES/WASHINGTON/NEW YORK Oct 5 (Reuters) - The Trump administration’s replacement of Obama-era carbon regulations will not save U.S. coal-fired power plants from shutdown, according to a Reuters survey of utilities, spelling bad news for Trump’s efforts to revive the ailing coal...

Garap Pasar Coking Coal, Adaro Optimalkan Tambang Kestrel

October 3, 2018, 8:36 pm

REPUBLIKA.CO.ID, JAKARTA -- PT Adaro Energy, Tbk akan menggenjot produksi tambang Kestrel di Australia. Hal ini merupakan rencana jangka menengah yang akan dilakukan Adaro pascaselesainya proses peralihan manajemen dari Rio Tinto ke Adaro. Presiden Direktur Adaro Energy, Garibaldi Thohir...

Poland's power from coal seen down at 50 percent by 2040 - government official

October 3, 2018, 8:34 pm

LONDON (Reuters) - Half of Poland’s electricity generation will come from coal by 2040 though coal production should remain at current levels as energy demand is expected to increase, a senior government official said on Tuesday. Poland and Germany are jointly responsible for over half of...

Crude oil, natural gas may be about to repeat coal's hubris: Russell

October 2, 2018, 8:32 pm

LAUNCESTON, Australia (Reuters) - The crude oil and natural gas industries believe they have got their mojo back, with the overwhelming impression gained at two recent conferences that the future is indeed bullish. It was hard to find any downbeat delegates at last week’s Asia Pacific...

China won’t renew coal, steel output restrictions amid trade war

October 1, 2018, 8:27 pm

China won’t renew harsh restrictions on coal and steel production capacity originally targeted at cut air pollution, as the country’s trade war with the US has begun to affect growth. Rather, local governments will have to decide how to meet emission targets during the smog-prone...

Indonesia gets ready to meet increased coal demand from China, freight to respond

September 28, 2018, 6:02 pm

Indonesian coal suppliers have increased their domestic coal production target by 4.5 percent from a previous 485 million tonnes to a massive 507 million tonnes in the current year. All the additional tonnage will be exported. This is in direct response to China's loosening coal policy for the...

Indonesia 2018 coal output target now around 507 mln T -Energy Ministry

September 26, 2018, 6:27 pm

JAKARTA, Sept 26 (Reuters) - Indonesia has increased its 2018 coal production target to around 507 million tonnes from a previous target of 485 million tonnes, the Energy Ministry said on Wednesday, a move that may add to downward pressure on prices for the fuel. Indonesia is the world’s...

China coal power building boom sparks climate warning

September 26, 2018, 6:22 pm

The research, carried out by green campaigners CoalSwarm, suggests that 259 gigawatts of new capacity are under development in China. The authors say this is the same capacity to produce electricity as the entire US coal fleet. The study says government attempts to cancel many plants have...

Adaro Energy (ADRO) ingin memperbesar bisnis coking coal

September 24, 2018, 3:50 pm

KONTAN.CO.ID - JAKARTA. Sebagai perusahaan tambang batubara, PT Adaro Energy Tbk (ADRO) tak hanya fokus di bisnis thermal coal, tapi juga coking coal atawa kokas. “Jadi yang tadinya cuma thermal, sekarang ada coking coal juga yang digunakan khusus untuk bahan baku steel," ujar...

U.S. private equity firm launches Coronado Coal IPO in Australia

September 24, 2018, 3:17 pm

SYDNEY, Sept 24 (Reuters) - U.S. private equity firm Energy and Minerals Group (EMG) on Monday kicked off its planned float of Coronado Coal Group in Australia, seeking to raise up to A$1.3 billion ($946.1 million) for 30 percent of the group. The float will give the company an enterprise value...

Peabody Energy to buy Alabama coal mine for $400 million

September 21, 2018, 3:16 pm

US coal producer Peabody Energy (NYSE: BTU), the world's largest privately owned producer of the fossil fuel, said Friday it had agreed to buy Shoal Creek metallurgical coal mine in central Alabama from Drummond Co. for $400 million. Located on the Black Warrior river, the mine serves the...

European coal market struggles with surge of off-spec flows

September 20, 2018, 3:13 pm

London — The European thermal coal market was struggling with close to record high stockpiles at the key Amsterdam-Rotterdam-Antwerp hub, as an increased volume of off-spec coals flowed into the region, sources said Thursday. European utilities have been blending off-spec coals for many...

Japan's Marubeni to halve coal-fired power capacity by 2030

September 18, 2018, 3:09 pm

TOKYO (Reuters) - Japan’s Marubeni Corp said it would no longer start new coal-fired power plant projects and will halve its net coal power generating capacity of about 3 gigawatts (GW) by 2030 to cut greenhouse gas emissions and tackle global climate change. “As a general principle,...

SouthAfrica's Eskom has coal shortages at 10 power plants - spokesman

September 17, 2018, 7:06 pm

JOHANNESBURG, Sept 17 (Reuters) - South African power utility Eskom said on Monday that it had fewer than 20 days of coal supplies at 10 of its 15 coal-fired power stations, posing a threat to national power supplies. A company spokesman said a major supplier, owned by the Gupta family, had cut...

Coal is still king in 18 US states. But for how long?

September 14, 2018, 7:11 pm

Even though black gold has been in steep decline, it's still the most-used electricity generation source in 18 US states, according to government statistics published this week. Not even natural gas, a rapidly growing and cleaner burning fuel, leads in that many states. The numbers...

US coal production totals 14.1 million st, down 9.4% on week: EIA

September 13, 2018, 7:08 pm

Houston — Weekly US coal production totaled an estimated 14.1 million st in the week ended September 8, down 9.4% from the prior week and down 5.4% from the year-ago week, US Energy Information Administration data showed Thursday. The biggest drop in production in the most recently...

Why Asia needs a new thermal coal price benchmark

September 12, 2018, 7:06 pm

When analysts and investors talk about thermal coal they are usually referencing the price of high grade material shipped from Newcastle, a port on Australia’s east coast. For years this product, which is burnt in power stations to generate electricity, had been viewed as benchmark for the...

UK expected to use coal for power in winter

September 11, 2018, 7:13 pm

London — Despite coal being a dirtier fuel in the UK power supply generation mix, it looks set to burn this winter regardless of the UK government's plans to phase out coal-fired plants by 2025, with two more coal power stations in Eggborough and Kilroot set to close down this...

Strong US high-vol demand boosts Atlantic metallurgical coal prices

September 10, 2018, 7:11 pm

Houston — Atlantic metallurgical coal spot markets saw strong demand for high-vol B lift values to catch up with earlier increases for high-vol A and US low-vol. Apart from high-vol B purchases for Northwest Europe and Brazil, more spot demand was seen in Europe for October and Q4...

Pollution regulator issues notices to Coal India for environmental non-compliance

September 7, 2018, 8:18 pm

NEW DELHI, Sept 7 (Reuters) - The pollution regulator for the central Indian state of Odisha issued notices to Coal India mines with a combined annual capacity of 20 million tonnes for non-compliance on environmental norms, according to a document seen by Reuters. The notices, issued in July and...

Commentary: India boosts purchases of Indonesian coal as prices drop

September 6, 2018, 8:21 pm

LAUNCESTON, Australia (Reuters) - One of the standout commodity performers this year has been thermal coal, but not all coal is created equal and disparities in pricing may help explain why India’s imports have stayed strong despite the higher costs. The main benchmark for thermal coal in...

US coal production rises on week to 15.6 million st, August sees top 3 production weeks: EIA

September 6, 2018, 8:12 pm

Houston — Weekly US coal production totaled an estimated 15.6 million st in the week ended September 1, up 0.8% from the prior week and down 0.5% from the year-ago week, US Energy Information Administration data showed Thursday. The most recently concluded week saw the third highest...

The Adaro Blog