Adaro

Coal Nears $100 in Europe as China's Power Demand Draws in Fuel

September 3, 2018, 7:58 pm

Coal prices in Europe are on track to surpass $100 a ton, the highest since 2013 as China’s demand for electricity draws in more cargoes of the dirtiest fossil fuel. The gains have already pushed up electricity prices from Britain to Italy and, coupled with the highest prices in a decade...

Trump administration reconsiders rule on coal's mercury pollution

August 30, 2018, 6:01 pm

WASHINGTON (Reuters) - The U.S. Environmental Protection Agency (EPA) said on Wednesday it was reconsidering part of an Obama-era rule on emissions of mercury from coal-fired plants, in the latest move by the administration to ease regulations on an industry important to President Donald...

Why Coal Power Is Merkel's Biggest Climate Challenge

August 29, 2018, 5:56 pm

The German government is deciding how quickly to close all the nation’s remaining coal-fired power plants, part of an effort to fulfill its pledges under the 2015 Paris Agreement on climate change. While environmentalists hope Europe’s biggest economy will put fossil fuels on a short...

New Hope's Australian coal production rises 11% on year in May-July

August 27, 2018, 5:59 pm

Sydney — Australian miner New Hope said Monday that coal production rose 11% year on year in the May-July quarter, with its total fiscal 2017-2018 (August-July) output posting a 4% growth. July quarter's production came in at 2.38 million mt, of which 1.41 million mt came from its...

Pollution Costs at Decade High Squeeze Industry, Coal in Europe

August 24, 2018, 7:03 pm

Europe’s coal producers and energy intensive industries are the most exposed to a surge in the price on releasing the most common greenhouse gas into the atmosphere. Carbon futures in the continent’s Emissions Trading System reached their highest in a decade on Thursday, surpassing...

China's thermal coal demand may rise 140 mil mt, pushing up seaborne coal market: report

August 23, 2018, 6:32 pm

Hunan, China — China might see a 140 million mt increase in raw coal demand should the current rate of growth in thermal power continue in months to come, giving the seaborne coal market boost, according to a Citi Research report released Wednesday. This is despite the fact that hydropower...

Indian Coal Mining Company Tenders 150 Megawatts Of Solar

August 21, 2018, 6:26 pm

A major coal mining company in India has issued a tender to develop solar power projects worth 150 megawatts of capacity. The tender will be awarded for engineering, procurement, and commissioning work, in addition to 10 years of operations and maintenance contract. Singareni Collieries Company...

Coal India expects 367 mt output from 115 projects in 2018-19

August 20, 2018, 6:23 pm

New Delhi: State-run Coal India Ltd (CIL) expects 367 million tonne output by the end of the current financial year from its 115 ongoing projects. The publi sector undertaking accounts for over 80% of India’s coal production. The coal production from the projects is “planned to reach...

Nationals call for more coal-fired power plants at party meeting

August 20, 2018, 6:20 pm

The Nationals have urged the federal government to support new coal-fired power plants and lift the ban on nuclear energy. The party’s federal council in Canberra on Saturday passed a motion calling on the government to back building high-energy, low-emissions power stations to provide...

US coal production falls 3% on week; third-highest total of year: EIA

August 16, 2018, 6:17 pm

Houston — Weekly US coal production totaled an estimated 15.4 million st in the week ended August 11, down 3% from the prior week and down 2% from the year-ago week, US Energy Information Administration data showed Thursday. The most recent week was the third-highest production week this...

Chinese buyers cool to Beijing's additional 25% import tariff on US coking coal

August 13, 2018, 6:35 pm

Singapore — Chinese coking coal buyers were unfazed by Beijing's slapping of an additional 25% import tariff on $16 billion worth of US products -- including coking coal, coke and thermal coal -- from August 23, given ample availability of alternative supplies. According to Chinese...

China to target emission monitoring in steel, coal-fired power in 2018-2020

August 10, 2018, 8:07 pm

BEIJING/SHANGHAI (Reuters) - China will work to improve the monitoring of emissions from heavy industries like steel, coal-fired power generation, coke and chemicals in key regions over the coming three years, stepping up an already-intensive campaign to tackle smog. “There remain some...

Three South Korean firms imported North Korean coal in breach of sanctions: customs service

August 10, 2018, 8:04 pm

SEOUL (Reuters) - Three South Korean firms imported coal from North Korea disguised as Russian products in violation of U.N. resolutions in a fresh sign of loosening sanctions, South Korea’s customs agency said on Friday. Seoul has been examining nine cases of potential imports of North...

China July coal imports highest in years as heatwave fuels demand

August 8, 2018, 6:35 pm

BEIJING (Reuters) - China increased its coal imports in July by 14 percent to their highest in 4-1/2 years, official data showed on Wednesday, as rising temperatures boosted demand for coal-fired power to run air conditioners in the world’s top buyer of the fuel. Arrivals came in at 29.01...

Chinese coal futures surge by most since August 2017 as short sellers close out

August 7, 2018, 3:32 pm

BEIJING (Reuters) - Chinese thermal coal futures on Tuesday surged by the most since August 2017 as traders with bets on falling prices paid up to close out their positions in the market. The most-actively traded coal futures on the Zhengzhou Commodity Exchange (ZCE), for September delivery,...

Australian coal exports from Gladstone ease in Jul; exports to India still high

August 6, 2018, 6:35 pm

Sydney — Coal exports from the Port of Gladstone in Queensland, Australia in July, eased from the highs seen in May and June, while volumes to India remained strong, data from the Gladstone Ports Corporation showed Monday. There was a total of 5.78 million mt of coal shipped from the...

Coal Industry Stock Outlook: Holds Promise for Long Term

August 3, 2018, 7:17 pm

The fossil fuel Coal play an integral role in meeting the ever-increasing global energy demand thanks to rapid urbanization and modernization. Since coal can be found in small quantities in almost all countries across globe with recoverable reserves in nearly 70 countries, it is an automatic choice...

Anglo American completes sale of South African thermal coal mine

August 2, 2018, 7:15 pm

London — Anglo-South African miner, Anglo American has completed the sale of its share in the New Largo thermal coal project in South Africa, it said late Wednesday. A subsidiary of the diversified miner, Anglo American Inyosi Coal, sold its 73% in the New Largo coal project which included...

Adaro Rampungkan Akuisisi Kestrel Coal

August 1, 2018, 7:02 pm

JAKARTA- PT Adaro Energy Tbk dengan EMR Capital Ltd merampungkan akuisisi terhadap kepemilikan Rio Tinto atas Kestrel Coal Mine (Kestrel) sebesar 80 persen. Presiden Direktur dan CEO Adaro Energy Garibaldi Thohir dalam keterangan resmi yang diterima Antaradi Jakarta, Rabu mengemukakan akuisisi...

Jokowi cancels plan to revoke coal DMO

July 31, 2018, 6:59 pm

President Joko "Jokowi" Widodo on Tuesday has canceled the government’s plan to revoke the domestic market obligation (DMO) for coal producers as a means to help state-owned electricity company PLN maintain current electricity rates. Energy and Mineral Resources Minister Ignasius...

Energy ministry remains firm on DMO policy for coal

July 31, 2018, 6:56 pm

The Energy and Mineral Resources Ministry has stressed that it will not cancel its policy on the domestic market obligation (DMO) for coal, as the government wants to ensure supply of the commodity to meet domestic demand. “It is unlikely that the domestic market policy on coal sales will...

Indonesia pushes back coal, palm oil insurance rules to Feb 2019

July 27, 2018, 6:24 pm

JAKARTA: Indonesia's trade ministry has decided to postpone for six months the application of rules requiring coal and crude palm oil export shipments to use Indonesian insurance, ministry officials said. Indonesia is the world's biggest exporter of thermal coal and palm oil. The...

India coal imports surge in July, despite advancing prices

July 26, 2018, 7:14 pm

LAUNCESTON, Australia (Reuters) - India’s coal imports appear to have surged in July and may even come close to a monthly record as it grapples with domestic transport woes and rising demand for electricity. Coal imports are on track to reach 19.7 million tonnes in July, according to...

India's thermal coal imports rise over 14 pct in Q2 - trader

July 24, 2018, 6:52 pm

NEW DELHI, July 24 (Reuters) - India’s thermal coal imports rose by more than 14 percent in the second quarter of 2018 from a year earlier, putting the energy-hungry nation on track for a rise in annual imports after two straight years of decline. Indian imports rose to 43.4 million tonnes...

India's Adani sees six-fold rise in coal mining volume despite challenges in Australia

July 24, 2018, 11:54 am

(Reuters) - India’s Adani Group expects an over six-fold rise in coal mining volumes by the end of fiscal year 2021, an executive said on Tuesday, despite its struggle to develop a coal project in Australia. The resources conglomerate is looking to buy mines in countries such as Indonesia...

Japan's Nippon Life to stop financing coal-fired power

July 23, 2018, 6:43 pm

[TOKYO] Nippon Life Insurance Co will no longer extend loans for, or invest in, coal-fired power plants due to environmental concerns, an official at Japan's biggest life insurer said, in the first such move by a major Japanese institutional investor. Japanese banks in recent months have...

Tohoku Electric Power still to agree Japanese financial year term contract coal price with major supplier

July 20, 2018, 6:42 pm

Singapore — Japan's traditional lead negotiator for the Japanese coal reference price, Tohoku Electric Power, confirmed Friday that it has not agreed a benchmark price with Glencore for shipments of its Newcastle 6,300 kcal/kg GAR thermal coal over the Japanese financial year starting...

Anglo American says total production up 6%, driven by copper, coal

July 19, 2018, 6:31 pm

JOHANNESBURG – Multinational mining company Anglo American on Thursday reported a six percent increase in total production on a copper equivalent basis in the second quarter of 2018, compared to the same period last year. CEO Mark Cutifani said the company had delivered a strong...

Templeton, BlackRock Say Now's the Time to Buy Emerging Markets

July 18, 2018, 6:56 pm

Emerging markets are poised to rally after more than $7 trillion in stocks slid into bear territory, according to three of the world’s largest money managers. Strategists and investors from Goldman Sachs Group Inc., Franklin Templeton Investments and BlackRock Inc. say cheap prices, rising...

Coal to provide majority of Australia's power for 20 years: report

July 17, 2018, 7:05 pm

CANBERRA, July 17 (Xinhua) -- Australia's independent energy market operator has called on the nation's coal-fired power plants to operate for at least 20 more years. In a report commissioned by the Coalition of Australian Government (COAG) and the Australian Energy Market Operator...

Another View: Region can't rely on oil, coal to meet energy needs

July 16, 2018, 6:59 pm

For a region that prides itself as a leader against climate change, the numbers were sobering: As recently as Monday, 19 percent of New England's energy supply came from oil, and 7 percent from coal, according to the grid operator. Rates had climbed even higher on the worst days of the recent...

GE to construct ultra-supercritical coal plant in Poland

July 13, 2018, 6:46 pm

GE Power will design and build the power plant, as well as manufacture and deliver the ultra-supercritical technology components – boiler and steam turbine generator – ensuring the highest efficiency level possible for a steam power plant in Poland with 46% efficiency, well above the...

China's iron ore up despite tariff jitters, steel rises on curbs

July 11, 2018, 7:30 pm

BEIJING, July 11 (Reuters) - Chinese steel futures rose on Wednesday after the country’s biggest steelmaking city, Tangshan, said it would deepen output curbs over the summer, raising concerns of tight supplies in the market. Tangshan, home to 64 steelmakers, has ordered steel mills, coke...

German Wind, Solar Power Beat Coal Generation for First Time

July 11, 2018, 7:23 pm

Germany’s wind and solar farms surpassed lignite and hard coal as sources of electricity for the first time during the six months to June, a sign the market is starting to squeeze out the dirtiest fossil fuels. The power mix in Europe’s biggest economy hit a turning point when clean...

Thermal Coal Prices Are Soaring

July 9, 2018, 6:46 pm

Benchmark seaborne thermal coal prices jumped to $120.10 per tonne on Thursday, its highest level since November 2012, thanks to tight supply in key Asian export regions. Measured from lows hit end-2015, early 2016 coal used in power generation has gained 140 percent. Strong consumption in...

What the failed Glencore-Tohoku coal talks mean for the market

July 5, 2018, 7:12 pm

TOKYO/SINGAPORE (Reuters) - Electric utilities in Japan and other Asian countries are driving blind when it comes to coal prices after the failure of Japan’s Tohoku Electric and Glencore to agree on an annual thermal coal contract that is used to set prices for the region. Tohoku Electric...

Coal Expected to Surpass Iron Ore as Australia’s Top Export

July 3, 2018, 7:52 pm

Thanks to a surge in demand and a subsequent thermal coal price hike, Australia’s coal sector is expected to become the country’s largest export earner, generating approximately AU$117.9 billion during the 2017-2019 period. The bulk of the coal revenue is expected to come from the...

Australian Newcastle spot coal prices hit US$120 for 1st time since 2012

July 2, 2018, 7:48 pm

SINGAPORE: Australian thermal coal prices have broken through $120 per tonne for the first time since 2012, driven up by strong consumption in Asia and spot market buying by Japanese utilities to meet demand through the rest of 2018. Thermal coal cargoes for prompt export from Australia's...

China's coal province imposes special emission caps on industry

June 28, 2018, 7:23 pm

SHANGHAI (Reuters) - The major coal producing province of Shanxi in northern China will impose special emissions restrictions on big industrial sectors by October as part of its bid to curb smog, a local environmental official said. Shanxi, together with neighboring Shaanxi, is set to be...

Global thermal coal demand likely to outstrip supply in H2 2018: Citi

June 25, 2018, 7:08 pm

Global seaborne thermal coal supply is expected to fall short of expected demand in the second half of this year amid falling capital expenditures at key miners, Citi analysts said in a note Monday. Citi analysts expect global seaborne thermal coal supply to be 477 million mt in H2 2018, about...

Peabody clears legal hurdle in Australian Wilpinjong coal mine extension plan

June 21, 2018, 5:17 pm

Sydney (Platts)--20 Jun 2018 1111 pm EDT/311 GMT A legal challenge to Peabody Energy's planned extension of its Wilpinjong thermal coal mine in the Australian state of New South Wales has been dismissed this week by the state's Land and Environment Court. A local...

Mongolia parliament considers IPO for giant coal mine

June 21, 2018, 5:14 pm

ULAANBAATAR, June 21 (Reuters) - The Mongolian government on Thursday submitted plans to parliament to list a chunk of the state-owned company that holds the giant Tavan Tolgoi coal mine. The potential initial public offering comes as the country looks to kickstart the long-delayed development...

China's Taxing America's Coal Just as It Was Looking to Buy More

June 18, 2018, 5:10 pm

Forgive U.S. coal miners for feeling a bit of whiplash over China’s trade policies. Just two weeks ago, the Chinese government was said to be considering buying more American coal as part of an effort to narrow its trade deficit with the U.S. Now, in retaliation for President Donald...

Coal comeback spurs new carbon emissions growth, says BP

June 13, 2018, 5:05 pm

LONDON (Reuters) - Global greenhouse gas emissions began rising again last year as the first pick-up in coal burning since 2013 overshadowed a record expansion in renewable energy, a BP report said. Energy demand accelerated in 2017 by 2.2 percent, but a 17 percent gain in clean power such as...

Big investors urge G7 to step up climate action, shift from coal

June 4, 2018, 4:59 pm

OSLO (Reuters) - Institutional investors with $26 trillion in assets under management called on Group of Seven leaders on Monday to phase out the use of coal in power generation to help limit climate change, despite strong opposition from Washington. Government plans to cut greenhouse gas...

Coal lobby fights black-lung tax as disease rates surge

June 1, 2018, 4:51 pm

PRINCETON, West Virginia (Reuters) - As a young man, Barry Shrewsbury dug coal in the West Virginia mines and spent his time off hunting and fishing in the rolling hills. Now, at 62, he struggles to breathe and accomplish basic tasks such as shopping and showering, and relies on a federal fund...

China Considers More U.S. Coal Imports to Cut Deficit

May 29, 2018, 4:38 pm

China is considering a plan to buy more American coal as part of an effort to narrow its trade deficit with the U.S., according to people with knowledge of the matter. Chinese officials are currently looking at boosting purchases from West Virginia in particular, said the people, who asked not...

Bagaimana Perkembangan Terkini Proyek 35.000 MW?

May 24, 2018, 11:30 am

Jakarta - Program ketenagalistrikan 35.000 megawatt (MW) sampai saat ini terus menunjukkan kemajuan konstruksi. Per April 2018, 31.977 MW dari program 35.000 MW sudah ditandatangani. Program 35.000 MW meliputi pembangunan pembangkit 35.714 MW, transmisi 46.904 kms, dan gardu induk 110.329...

S. Korea to set limits on operation of coal-fired power plants

May 23, 2018, 1:01 pm

SEOUL, May 23 (Yonhap) -- South Korea will adopt stronger regulations on aged coal-fired power plants and increase use of low-carbon fuels to reduce air pollution, the energy ministry said Wednesday. Paik Un-gyu, minister of trade, industry and energy, said the government will allow mayors and...

China's thermal coal futures fall after government intervention

May 23, 2018, 11:38 am

BEIJING (Reuters) - China’s most active thermal coal futures prices fell more than 4 percent in morning trading on Wednesday, on track for the biggest one-day drop since November 2016, following news of government intervention to cool the red-hot market. Thermal coal futures fell to 588.8...

The Adaro Blog