The Adaro Blog

PTBA Acquires Ignite Resources to Increase Efficiency
August 24, 2016, 11:16 am
TEMPO.CO, Jakarta - PT Tambang Batubara Bukit Asam (PTBA) is committed to acquire 24 percent of Ignite Resource Energy Ltd’s share. The acquisition process is expected to be completed in 2016. Based on a release from NH Korindo Securities, the aquisition is currently in process and has...
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Morgan Stanley And General Electric: There Is Hope For Coal
August 22, 2016, 11:18 am
Events have been so bad in coal for so long that it is easy to lose hope on the sector. Most of the publicly traded coal companies have lost 95 percent of their market value. Events are so negative that the dominant mining equipment maker in the sector, Joy Global, has agreed to sell itself to...
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Vietnam’s July coal imports surge 141% on year to 1.31 million mt
August 17, 2016, 11:19 am
Hanoi (Platts)–16 Aug 2016 507 am EDT/907 GMT Vietnam’s coal imports surged 141% year on year to 1.31 million mt in July, customs data released Monday showed. Traditionally a coal exporter, Vietnam turned into an importer amid rising domestic demand, particularly from the power...
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Hanoi (Platts)–16 Aug 2016 507 am EDT/907 GMT
August 15, 2016, 11:20 am
One of the world’s most maligned commodities is staging a comeback. Coal prices have soared this summer, after new mining restrictions curbed production in China, the world’s biggest producer and consumer. Benchmark prices for thermal coal in Asia, Europe and the U.S. have climbed by...
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U.S. coal use may rise, but unlikely to unseat natgas as power king
August 12, 2016, 11:21 am
NEW YORK – Demand for U.S. coal is projected to recover slightly in 2017 after years of decline, but it will not reclaim the crown it held for more than a century as the leading fuel behind U.S. power generation, analysts said. An expected rise in natural gas prices, thanks to overseas...
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China steel, coal companies jump on debt-to-equity swap proposals
August 10, 2016, 11:22 am
Shares in steel and coal companies are among the top performers in Shanghai today amid reports the nation’s banking regulator is considering allowing debt for equity swaps for both industries. The China Banking and Regulatory Commission has sent a proposal to local banks and financial...
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Indonesia One of the Strongest Emerging Markets: Templeton
August 8, 2016, 11:23 am
Last week, the Indonesian economy surprised observers and policymakers alike with its strongest growth in the last ten quarters. But for Michael Hasenstab, the chief investment officer at global fund manager Franklin Templeton Investments, that may be just a small vindication for a long-held...
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Adaro Energy on full offensive for Indonesia’s power sector
August 5, 2016, 11:24 am
JAKARTA – Indonesian coal giant Adaro Energy is challenging the handful of companies that dominate the country’s power generation with an ambitious plan to build 5,000 megawatts of capacity by 2019, searching for a new growth driver amid sluggish coal demand. Indonesia is...
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ITM readies $300m for acquisitions, capex
August 5, 2016, 11:24 am
Coal supplier PT Indo Tambangraya Megah (ITM) Tbk (ITMG) is setting aside $300 million for mining acquisitions and capital expenditure this year. The company is currently studying about ten coal mines in the country. “We are already in the process of due diligence to acquire some of these...
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Committee suggests new coal price formula for power plants
August 3, 2016, 11:25 am
The Energy and Mineral Resources Ministry should make changes to a ministerial regulation on coal prices for mine-mouth power plants to appease both the government and state-owned electricity company PLN, the National Exploration Committee (KEN) has said. The ministry and PLN have been at...
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