The Adaro Blog

Peabody deal at $200/mt said to break Q4 coking coal impasse
October 11, 2016, 10:53 am
A benchmark coking coal accord at the upper end of expectations appears to be getting established, as Peabody Energy has sold North Goonyella premium mid-vol at $200/mt FOB Australia under contract for the fourth quarter to Nippon Steel, according to a source close to the matter. The source...
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Indonesia’s October HBA thermal coal price hits 2-year high
October 10, 2016, 10:54 am
Indonesia’s Ministry of Energy and Mineral Resources has set its October thermal coal reference price, also known as Harga Batubara Acuan or HBA, at $69.07/mt FOB, up 8% from September and the highest level in two years. October HBA also represents a 20% jump from a year ago. The HBA was last...
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Indonesia’s coal consumption remains high: BP
October 7, 2016, 10:55 am
Despite a global shift toward more environmentally friendly energy sources, Indonesia’s coal consumption has increased significantly over recent years, partly triggered by a sharp drop in coal consumption in key coal markets, a British oil giant report has revealed. The BP Statistical...
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China Rushes to Boost Coal as Rally Warns: Winter Is Coming
October 5, 2016, 10:56 am
China’s efforts to shrink its bloated coal industry may have worked too well, too fast. Prices have surged more than 50 percent this year after the government ordered miners to cut output to ease a glut and help lift the industry out of crisis. Now, as winter looms and fuel demand peaks,...
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Coking coal price rally to subside on improved supply in 2017: Citi
October 3, 2016, 10:57 am
Coking coal’s supply-driven price rally will likely abate by mid-2017 as production issues and transport hurdles in Australia and China ease, Citi Research analysts said. “Short-term supply disruptions in China have been resolved and in Australia should be back to normal in the short...
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Imelda Adhisaputra: Coal is still good business
September 30, 2016, 10:58 am
TEMPO.CO, Jakarta - In June this year, BHP Billiton Indonesia made a surprising business decision by selling 75 percent of the shares of its subsidiary IndoMet Coal (IMC) to Adaro Energy for US$120 million (Rp1.56 trillion). The acquisition gives Adaro, which already owns 25 percent stake in IMC,...
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China Coal Control Jolts World Markets From Steel to Freight
September 29, 2016, 11:02 am
China’s efforts to overhaul its coal industry to reduce overcapacity after years of expansion and curb pollution are reverberating through global markets from steel to freight. What’s happening? Output has fallen more than 10 percent so far this year as the government of President...
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Australia miner says surging coal prices curbing asset sales in sector
September 28, 2016, 11:00 am
Australia-listed miner Terracom Ltd says the steepest rally in coal prices in over half a decade means that mines digging the commodity are becoming more expensive to buy, curbing a wave of purchases in the sector. Less than a year after the coal industry was declared to be in terminal decline...
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Indonesia’s Diesel Demand Picks Up
September 27, 2016, 11:01 am
JAKARTA (Reuters) –Consumption of diesel by Indonesian miners has picked up for the first time in four years as coal producers in the country ramped up output to meet Chinese demand, offering a glimmer of hope to Asian traders grappling with multi-year low fuel margins. Once Asia’s...
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Coal’s cost advantage over LNG slipping, but not yet enough: Russell
September 20, 2016, 11:03 am
Thermal coal has been one of the commodity success stories this year, but there is a risk that it becomes a victim of its own success by eating into its advantage over liquefied natural gas (LNG) in generating electricity. The benchmark Australian thermal coal price, the Newcastle Index, rose to...
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