The Adaro Blog

Coal exports to China, Japan from Australia's Gladstone port strong in October
November 5, 2017, 7:51 pm
The longer term outlook is also weaker, given a flat to falling profile for Chinese steel demand, NAB said. Exports to Japan from Gladstone port were at a five-month high in October with 2.11 million mt, up 4% year on year and 11% higher than in September, the GPC data showed. Exports to...
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Indian petcoke ban to boost coal imports amid already tight market
November 2, 2017, 7:54 pm
NEW DELHI/SINGAPORE (Reuters) - A ban on petroleum coke around the Indian capital of New Delhi starting from Wednesday will require the country to raise its imports of coal to replace the fuel, just as Asia is heading into the tightest market conditions for coal in years.   India’s...
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Consol Energy sets timetable for split into coal, natural gas producers
October 31, 2017, 8:02 pm
Consol stockholders will retain their shares of company common stock, but as a result of the name change, these shares will represent shares of CNX Resources Corp. after the separation. In addition, the master limited partnership currently named CNX Coal Resources LP will change its name to...
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One Rare Thing to Watch for in U.S. Coal Earnings: A Profit
October 25, 2017, 8:04 pm
After years of bleeding cash and a painful string of bankruptcies, U.S. coal miners are poised to do something rare -- enjoy an earnings season. Boosted by higher global coal prices and a more conservative approach to mining, Peabody Energy Corp. kicks off the industry’s reporting cycle...
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China Datang says has enough coal supplies for winter
October 23, 2017, 8:07 pm
BEIJING (Reuters) - China’s Datang Corp has 28 days of coal stocks for its power plants, enough for winter consumption, the company’s general manager told Reuters on Monday, brushing off concerns that utilities could not secure coal supplies for winter. That amount of supply is...
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Indonesia's Adaro sees stable coal prices in 2018
October 20, 2017, 7:48 pm
Coal production in Indonesia, the world’s top thermal coal exporter, is expected to increase 5 percent in 2017 and 2018 from an estimated 440 million tonnes in 2016. Domestic consumption is expected to reach 101 million tonnes this year. Coal is around 57 percent of the country’s...
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China's Shanxi plans nine more coal mine closures this year
October 16, 2017, 8:00 pm
SHANGHAI (Reuters) - Authorities in Shanxi, one of China’s biggest coal-producing regions, said on Saturday they plan to close nine more coal mines by the end of this year, according to a post on a government website. The planned closures come after authorities in the region vowed to...
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No new coal power stations in Java, Indonesia energy minister says
October 12, 2017, 7:45 pm
JAKARTA, Oct 12 (Reuters) - Indonesia will not approve any new coal-fired power stations on the heavily-populated island of Java as the country strives to reach its renewable energy development targets, the energy minister said on Thursday. “We will not approve any coal-fired power plants...
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Power Producers Should Cheer Coal's Closing Time
October 9, 2017, 9:07 pm
Et tu, Texas? Barely a week after Energy Secretary Rick Perry pitched his latest plan to revitalize the coal industry, the biggest power company in his home state announced it was shutting down one of the largest coal-fired power plants there. In fairness, Vistra Energy Corp. has been...
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Trump Administration Unveils Plan To Help Coal, Nuclear Sectors
October 5, 2017, 7:07 pm
At the end of September, the U.S. Department of Energy quietly issued a Notice of Proposed Rulemaking (NOPR) with the Federal Energy Regulatory Commission that amounts to requiring subsidies for coal and nuclear power plants. The rule would be a sea change in how electricity markets have...
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