The Adaro Blog

Coal. It’s an amazing thing.
September 7, 2015, 2:53 pm
This little black rock is an amazing thing. Do check these two links out below to find out more about coal. Coal. It’s an amazing thing. Little Black Rock
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Bukit Asam Sets Aside $2.1b for New Power Plants Through 2017
September 4, 2015, 2:54 pm
Jakarta. State-controlled coal miner Tambang Batubara Bukit Asam will allocate up to $2.1 billion through 2017 to build power plants as it looks to diversify its revenue stream beyond coal exports. The company plans to spend $600 this year, another $700 million next year, and $800 million the...
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Coal mining sector running out of time, says Citigroup
September 2, 2015, 2:56 pm
US banking giant Citigroup says the global coal industry is set for further pain, predicting an acceleration of mine closures, liquidations and bankruptcies. The value of listed coal companies monitored by Citi has shrunk from $50bn (£32bn) in 2012 to $18bn in 2015, a trend it believes...
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Presiden Jokowi Inaugurated Construction Kick-off of 2 x 1,000 MW PLTU Batang in Central Java And Electrification Program for 50 Locations in Outer Islands and Border Areas
August 31, 2015, 2:57 pm
(Batang, August 28th, 2015) President of the Republic of Indonesia, Joko Widodo, inaugurated Construction Kick-off of a steam power plant in Batang, Central Java with a capacity of 2x1000MW and Electrification Program for 50 Locations in Outer Islands and Border Area in Batang, Central Java, Friday...
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Indonesia’s thermal coal output cuts seen unlikely to boost prices
August 28, 2015, 2:58 pm
Thermal coal output cuts in Indonesia in 2015 may not lend much support to prices amid muted Chinese demand that cannot be outweighed by interest in emerging markets, market sources said Tuesday. Major Indonesian thermal coal miners including Adaro Energy, Bumi Resources and PT Harum lowered...
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Coal at 12-year low: How it affects India
August 26, 2015, 2:59 pm
While world markets were busy talking about how prices of commodities like gold, crude oil, natural gas and copper were falling, there was another commodity that was silently slipping away. Coal futures touched a 12-year low as demand from the world economy slips and production of the fuel...
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THERMAL COAL-Sliding Chinese yuan sends coal to near decade lows
August 24, 2015, 3:00 pm
* API2 coal futures drop to lowest level since Nov. 2005 * China’s yuan hits 4-year low * Lower yuan erodes purchasing power for China’s coal importers * Chinese imports already hit by slowing GDP, pollution measures By Henning Gloystein SINGAPORE, Aug 12 (Reuters)...
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Moody’s: Coal has a future
August 21, 2015, 3:01 pm
By Daniel Tyson REGISTER-HERALD REPORTER | Posted 2 days ago As a number of coal companies file for bankruptcy protection and more teeter on the edge of chapter 11, there was a bit of good news this week about an industry slugged by declining need and tougher environmental...
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What Powers Life in Just One Day
August 19, 2015, 3:02 pm
Every day our lives are shaped by what we see, where we go and what we do, and these actions are greatly attributed to modern conveniences powered by low cost electricity from coal. In just one day, the world is energized by 21 million tonnes of coal. Coal fuels more energy than any other source...
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China coal firms suffer H1 profit slump on weak demand
August 14, 2015, 3:03 pm
China coal firms suffer H1 profit slump on weak demand Profits from China’s coal sector slumped in the first six months of 2015 with more than 70 percent of firms suffering losses, the country’s state planning agency said, as miners grapple with persistently weak demand and chronic...
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