The Adaro Blog

India looks to relax norms to attract global coal miners, industry sceptical
November 18, 2019, 8:10 pm
NEW DELHI/MELBOURNE (Reuters) - India is looking to lower advance payments and offer larger mining blocks to attract global companies to invest in its coal sector for the first time, but industry sources say the measures may not be enough to draw in big international miners. India plans to float...
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China, India are both the problem and solution for coal, climate change: Russell
November 14, 2019, 7:45 pm
LAUNCESTON, Australia, Nov 14 (Reuters) - One thing becomes absolutely clear when reading the IEA’s latest World Energy Outlook; if the world is to have even the remotest chance of making its climate goals, then China and India are going to have to do something about their coal use. The...
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US 2019 coal production expected to fall 7.4% on year: EIA
November 13, 2019, 6:46 pm
Houston — The US Energy Information Administration said Wednesday that it expected the US to produce 697.9 million st of coal in 2019, raising its estimate from a month ago by 3.6%. 2019 production would be 7.4% lower than the 753.7 million st produced in 2018, while 2020 production is...
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Weak demand pressures low-CV Indonesian coal prices
November 12, 2019, 7:49 pm
An early December loading geared Supramax GAR 4,200 kcal/kg cargo traded today at $33.85/t. This is below the latest Argus price assessment for this grade of coal at $34.33/t on 8 November and also below the $34.50-34.75/t range at which cross-month late November to early December-loading geared...
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China is Likely to Cap Annual Coal Imports at 300 Million Tons
November 11, 2019, 7:58 pm
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. China will likely hold annual coal imports at between 200 million and 300 million tons, according to the president of a top industry body, suggesting that the pace of shipments so...
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Asian coal resumes slide as Chinese stocks hit 5-year high
November 8, 2019, 7:40 pm
Asian coal prices declined 3% in the week through to Thursday as inventories for the world’s biggest coal consumer hit their highest level since 2014. The Pacific basin’s reference price for high grade (6,000 kcal/kg) Australian coal exports to Asia last stood at USD 67.09/t, 33%...
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BHP says coal lobby links can foster change as investor rebellion builds
November 7, 2019, 7:35 pm
BHP chairman Ken MacKenzie says environmental activists should applaud the miner's industry-leading climate policies, as nearly one in three investors called for the company to cut its links with so-called pro-coal lobby groups. Mr MacKenzie defended the resource giant’s membership of...
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China coking coal rebounds on prospects of fresh import curbs
November 5, 2019, 7:01 pm
MANILA, Nov 5 (Reuters) - Coking coal futures in China gained the most in four weeks on Tuesday amid market talks about fresh import curbs on the steelmaking raw material, following brisk purchases in recent months by the world’s biggest coal buyer and consumer. Dalian Commodity...
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German Coal Consumption Continues To Crash
November 4, 2019, 6:57 pm
Lignite and bituminous coal produced 50 percent less energy than renewables in Germany during the first three quarters of 2019, a new report by the Centre for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW) and the German Association of Energy and Water Management (BDEW)...
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World’s Biggest Coal User Is Set to Boost Imports This Year
November 1, 2019, 7:05 pm
(Bloomberg) -- Sign up for Next China, a weekly email on where the nation stands now and where it's going next. As the global campaign against coal gathers pace, the world’s biggest consumer is nevertheless set to boost imports this year. China’s purchases of foreign coal in...
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