The Adaro Blog

Anglo American expects South African lockdown to hit iron ore and coal
March 27, 2020, 5:40 pm
LONDON (Reuters) - Anglo American expects output at its Kumba Iron Ore mine in South Africa to fall by up to 3 million tonnes in 2020 because of a 21-day lockdown and coal export production to be up to 2 million tonnes lower, it said on Friday. The London-listed miner also lowered output of...
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S.Korea Q1 thermal coal imports set for 10-yr low on anti-pollution measures
March 26, 2020, 5:10 pm
SEOUL, March 26 (Reuters) - South Korea’s first-quarter thermal coal imports are set to fall to a decade-low due to stricter air pollution measures, while the coronavirus outbreak has reduced the country’s demand for electricity. South Korea, the world’s No.4 coal importer, is...
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China’s cement prices rise as coal demand recovers
March 25, 2020, 5:04 pm
Rising cement prices in several Chinese regions signal that the recovery in the sector is picking up pace, which could boost coal demand with the industry being a large-scale consumer. An increase in economic activity has also pushed the combined daily coal consumption at key Chinese coastal...
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Malaysia coal-fired generation falls on virus shutdowns
March 23, 2020, 5:06 pm
Power demand in Malaysia has fallen sharply over the past week because of businesses closures intended to slow the spread of coronavirus, with coal-fired generation making up most of the reduction. Coal-fired generation averaged 7.1GW today, down from 11GW a week earlier. Gas-fired generation...
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China’s benchmark power coal price drops slightly
March 20, 2020, 5:36 pm
China’s benchmark power coal price dropped slightly during the past week. The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of coal prices in north China’s major ports, stood at 555 yuan (about 79 U.S. dollars) per tonne Wednesday, a drop of three yuan week on week, according to...
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U.S. coal exports declined in 2019
March 19, 2020, 6:42 pm
In 2019, U.S. coal exports declined to 93 million short tons (MMst), a 20% decrease from the previous year, according to the U.S. Energy Information Administration’s Annual Coal Report. The United States exports metallurgical coal and steam coal, and exports of both decreased in 2019. U.S....
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Coal beats gold (and other commodities) amid coronavirus gloom
March 18, 2020, 6:40 pm
Amid carnage in the oil markets, and sharp losses for other commodities such as copper, you may be tempted to think gold is the best option for a positive return. But coal beats the metal. Coal’s image is increasingly that of a pariah fuel, demonised by environmentalists and shunned by...
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Energy Ministry may lower coal production target as Chinese demand falls
March 16, 2020, 6:54 pm
The Energy and Mineral Resources (ESDM) Ministry is considering lowering the coal production target this year as demand from China has shown a significant decline since the start of the outbreak of the novel coronavirus in the country late last year, a senior ministry official has said. The...
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Nearly $640 bln coal investments undercut by cheap renewables – research
March 13, 2020, 6:27 pm
Nearly $640 billion of investment in coal power capacity worldwide is at risk because it is cheaper to generate electricity from new renewables, research by think tank Carbon Tracker Initiative showed on Thursday. Institutional investors are increasingly withdrawing from fossil fuel companies...
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Weekly US coal production reaches new low in 2020: EIA
March 12, 2020, 9:08 pm
Houston — Weekly US coal production was estimated at 10.6 million st in the week that ended March 7, down 6.1% from the previous week, US Energy Information Administration data said Thursday. It was the strongest week-on-week decline in five weeks. Across the board, all basins hit their...
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