The Adaro Blog
China Steps Up Efforts To Cut Coal Capacity
January 4, 2017, 9:41 am
China, the world’s largest coal consumer and producer, is not giving up on its long-term plans of reducing the share of coal in its overall energy mix and consequent smog and greenhouse gas emissions.
Despite reversing in November some of the restrictionsimposed to local coal miners in...
Coking Coal Price Ends 2016 With Sharp Drop
January 2, 2017, 9:42 am
While the price of futures trading in China and Singapore were swinging wildly in recent weeks, the benchmark for the seaborne market underwent a more measured correction after spending much of November above $300.
But now it seems the correction is turning into a rout and the multi-year high of...
Dynegy CEO Says Trump ‘Good for Us’ Coal-Fired Power Generators
December 30, 2016, 9:43 am
U.S. power generator Dynegy Inc. sees coal regaining some market share as President-elect Donald Trump promises to put more miners back to work.
“Certainly more coal is good for us” and helps make coal-fired plants more profitable when natural gas and electricity prices rise, Dynegy...
Despite Dark Times, Coal Ends 2016 On a More Positive Note
December 28, 2016, 9:45 am
In the afterglow of the holiday season, following an increase in coal production at the end of the year, an industry knocked to its knees in 2016 is showing budding optimism.
The story of the year for coal was bankruptcy: falling in and climbing out.
Three of the nation’s largest...
Coal Demand Is Shifting To Asia
December 26, 2016, 9:46 am
In its medium-term coal market report for 2016, IEA reports that global coal demand growth has stalled after more than a decade of 4 percent annual growth, with demand in 2016 to be below 2013 levels. Consumption decreased for the first time in 2015 as declines in the U.S. and China were not offset...
Australia lobbies China-led AIIB to add coal to lending priorities
December 16, 2016, 9:48 am
The Australian government is lobbying hard for the China-led Asian Infrastructure Investment Bank to include coal among its lending priorities, as the country seeks to defend its lucrative exports.
The AIIB, billed by some as Beijing’s answer to the World Bank, launched last year with a...
Clean Energy ‘Moving Forward’ Despite Trump’s E.P.A. Pick, Experts Say
December 9, 2016, 9:50 am
WASHINGTON — President-elect Donald J. Trump’s choice of a fossil-fuel advocate and climate-change denier to head the Environmental Protection Agency comes at a moment when the American energy market has already shifted away from the most polluting fossil fuels, driven more by investors...
The Human Cost of Consol Energy’s Shift From Coal to Gas
December 8, 2016, 9:51 am
Consol Energy Inc.’s shift from coal miner to natural-gas producer has pleased investors and kept the company out of bankruptcy. But it has come with a human cost.
Consol employs about a third of the roughly 8,900 workers that were on its payroll at the start of 2013, before the...
Peabody wants to repay term loan early thanks to improving coal prices
December 2, 2016, 9:53 am
U.S. coal producer Peabody Energy Corp said it would seek court approval to repay a $500 million term loan ahead of schedule because it has enough cash to operate in bankruptcy thanks to a rise in coal prices.
Peabody obtained an $800 million debtor-in-possession or DIP financing from both...
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