The Adaro Blog
Newcastle Coal Won’t Fall Below $70 a Ton, Indonesian Miners Say
June 5, 2014, 3:58 pm
Thermal coal at Newcastle port in Australia, an Asian benchmark price, won’t fall below $70 a metric ton, a level already close to the cost of producing and transporting coal, traders said yesterday at a Bali conference.
“Production costs have gone up,” Michael Soerijadji, PT...
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Coal to Survive Obama War as Efficient Plants Boost Demand
June 4, 2014, 3:55 pm
President Barack Obama’s plan to reduce greenhouse-gas emissions left coal with a future even as the industry accuses him of trying to make the fuel obsolete. The proposal, released yesterday by the Environmental Protection Agency, calls for reductions in carbon dioxide pollutants of 30...
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Near Perfect Correlation Between Coal Use and GDP Growth
June 3, 2014, 3:49 pm
Coal plays an essential role in meeting the world’s energy needs and fueling economic growth. Coal is the world’s fastest-growing fuel and is expected to surpass oil as the largest energy source in coming years. Since 1970, global coal use has increased approximately 335 percent,...
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China’s Energy Demand Set to Double in 12 Years
June 3, 2014, 3:47 pm
Rapid urbanization and modernization in China are driving an unprecedented increase in demand for energy that puts China on course to require more power than the United States and Europe combined by 2035. For full article, please click
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Australian Transport, Mining Companies Cut Jobs
June 2, 2014, 3:45 pm
SYDNEY—Australian companies in the logistics and coal-mining sectors announced a combined 130 job cuts Thursday, illustrating the challenges facing the nation’s economy as it confronts a cooling mining boom.
Toll Holdings Ltd., which provides freight and transport services to...
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Investors Bet on Indonesian Coal, Despite Price
May 23, 2014, 3:44 pm
Investors Bet on Indonesian Coal, Despite Price
Coal Is Down 14% This Year – but After a Brutal 2013, Some Mining Shares Are Up
Investors are piling back into Indonesia’s biggest coal miners in the belief that the long-shunned sector is ready to benefit from a recovery in...
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Memo to Stanford: Don’t attack coal, attack carbon with a tax
May 21, 2014, 3:43 pm
Last week, Stanford’s Board of Trustees announced that the university would not directly invest funds from its endowment in coal mining companies. Even the strongest advocates of this action acknowledge that it is a symbolic gesture with little direct effect on the coal industry or global...
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