The Adaro Blog

Top coal miner Peabody files for bankruptcy
April 20, 2016, 12:35 pm
Peabody Energy Corp, the world’s largest privately-owned coal producer, has filed for Chapter 11 bankruptcy protection in the US. The move comes in the wake of a sharp fall in coal prices that left the company unable to service a recent debt-fueled expansion into...
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Doom and gloom persist, but signs of recovery for coal industry
April 18, 2016, 12:36 pm
The steam-coal market is expected to remain challenging for the next few years, due to prices close to all-time lows, a massively oversupplied Chinese market, uncertain Indian market growth, and diminishing consumption across Europe, the United States and China, according to IHS Inc. (NYSE: IHS),...
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Indonesia okays new price formula for coal supply to mine-mouth utilities
April 15, 2016, 12:37 pm
Singapore (Platts)–8 Apr 2016 143 am EDT/543 GMT Indonesia’s Ministry of Energy and Mineral Resources has passed a new regulation on pricing formula for coal supply to upcoming domestic mine-mouth power plants, sources said Friday. An Indonesian government official said that...
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Australian coal miners to take fresh price hit with Japanese buyers to pay less
April 13, 2016, 12:38 pm
Australian thermal coal miners are set to take another price hit, with Japanese power utilities close to agreeing to a contract price that will be more than 10 per cent below last year’s contract price. The annual round of price negotiations with the Japanese buyers is...
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Coal association agrees to help reduce emissions
April 8, 2016, 12:41 pm
Activities are carried out at a coal mining site owned by PT Adaro Indonesia in Balangan, South Kalimantan.(The Jakarta Post/R. Bertho Wedhatama) The Indonesian Coal Mining Association (APBI) is ready to support the government’s carbon emissions reduction program, calling on all...
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Coal prices slide again in 2016
April 6, 2016, 12:42 pm
Thermal coal prices will remain below current spot prices until at least 2021, according to Macquarie, and could face a wave of brutal competition from natural gas that threatens to depress prices even further. According to a recent Macquarie report on the global LNG market, the world faces a...
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Banpu announces sustainable growth plan
April 3, 2016, 12:58 pm
Banpu Public Company Ltd has released its 5-year business plan entitled ‘Balanced Growth, World-Class Sustainability’. The plan details guidelines for 2016-2020 around five themes: Strategic flexibility in the face of economic uncertainty. Cost reduction and rationalisation,...
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Peabody shares plunge; coal producer raises bankruptcy risk
April 1, 2016, 12:44 pm
(Reuters) – Peabody Energy Corp (BTU.N), the largest U.S. coal producer, may have to seek bankruptcy protection, the company said in a regulatory filing on Wednesday, citing poor economies in countries that import coal and other factors battering the coal industry. Its shares fell 46...
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Use of clean coal technology to sustain development
March 28, 2016, 12:46 pm
It is nearly three months since 195 global heads of state congregated for the UN Climate talks in Paris and agreed on the first ever universal, legally binding, global climate deal. The Indian government and its delegation played a key role in shaping the agreement, recognition that the country has...
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