The Adaro Blog

Engagement by three coal companies staves off Calpers divestment
August 9, 2017, 3:50 pm
Californian pension fund divested from most thermal coal holdings following law change Three coal companies have avoided divestment from Calpers by convincing the US pension fund they planned to make significant changes to their business models. This week Calpers announced it had divested...
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Peabody Mine Survival May Rest on Navajo Coal Gasification Plan
August 7, 2017, 4:33 pm
By Stephen Lee The biggest coal-fired generating station west of the Mississippi could be replaced by a coal gasification plant, raising concerns among environmentalists as well as questions from financial analysts about the economic costs and risks. The tribe “has considered the...
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China's Shenhua suspends two coal mines, Mongolia set to benefit
August 4, 2017, 4:31 pm
ULAANBAATAR, Aug 4 (Reuters) - China Shenhua Energy Co. Ltd has suspended operations at two large open-pit coal mines in northern China, it said late on Thursday, a move that could benefit producers across the border in Mongolia. Shenhua Energy, the listed unit of the state-owned Shenhua Group,...
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China energy regulator raises targets for curbing coal-fired power
August 2, 2017, 4:28 pm
BEIJING (Reuters) - China's energy regulator on Monday said it was raising its targets for curbing coal-fired power capacity over the next few years, as the world's No.2 economy continues its drive against pollution. The National Energy Administration (NEA) said in a statement on its...
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U.S company Xcoal Energy to sell steam coal to fuel-strapped Ukraine
August 1, 2017, 4:24 pm
WASHINGTON (Reuters) - A Pennsylvania-based coal company said on Monday it signed its first contract with Ukraine to sell coal that is burned to produce electricity in a deal sped along by the U.S. and Ukrainian governments. Privately held Xcoal Energy & Resources agreed to supply...
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Glencore finally lands a stake in Australian coal mines with £1bn deal
July 28, 2017, 4:19 pm
Glencore has acquired half a coal mine in Australia, just weeks after losing a bidding war to buy the whole lot. The FTSE 100 mining giant will shell out $1.1bn (£839m) to buy a 49pc stake in the Hunter Valley Operations in New South Wales. It will buy out Japanese conglomerate...
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Japan environment minister to urge to rethink on coal project: media
July 26, 2017, 5:56 pm
TOKYO (Reuters) - Japan's environment minister is likely to recommend the trade ministry reconsider a coal-fired power project planned by Chubu Electric Power Co amid concerns over rising carbon emissions, local media said on Wednesday. The likely recommendation comes as the environment...
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After China-induced price spike, coal set to resume long-term decline
July 24, 2017, 4:13 pm
LONDON/SINGAPORE (Reuters) - Coal prices' march to eight-month highs, driven by China's huge appetite for power consumption, looks like an interlude in a longer-term decline and is seen losing traction later this year. Investors widely anticipate a slow demise for coal use due to...
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Power Giant Urges Australia to Exclude Coal in Its Clean Target
July 21, 2017, 5:50 pm
Australia’s largest power generator, AGL Energy Ltd., has urged the government to exclude coal from its planned clean energy target and said there is no appetite among private investors to fund new coal-fired power plants. AGL, which sources 77 percent of its electricity generation from...
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India to phase out 5.5 GW of coal-fired power plants
July 20, 2017, 5:48 pm
NEW DELHI (Reuters) - India has identified 5.5 gigawatts (GW) of inefficient coal-fired power plants to be retired, Power Minister Piyush Goyal told lawmakers on Thursday, as the country looks to cut emissions and make better use of its coal reserves. The Central Electrical Authority (CEA) has...
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