The Adaro Blog
Australian miners hit by lowest thermal coal price in more than a decade
December 30, 2019, 6:52 pm
Australian coal exporters have experienced the biggest annual drop in thermal coal prices in more than a decade during 2019, raising doubts about industry projections that demand will continue to grow.
The spot price of thermal coal, which is burned to generate electricity, was US$66.20 ($95)...
Misery Looms Over Top Coal Shippers as China to Buy Less in 2020
December 23, 2019, 5:51 pm
(Bloomberg) -- China isn’t cutting back on consumption of the most-polluting fossil fuel just yet, but it is set to reduce imports.
The world’s biggest coal buyer will likely purchase less from overseas in 2020 after a boost this year, according to analysts. With domestic production...
Goldman Sachs abandons coal as investors look to low-emissions future
December 20, 2019, 7:00 pm
But outside the talks, investors are voting with their dollars as money flees fossil fuels and migrates to clean energy.
The policy shift at one of the world's biggest and most powerful investment banks is a sign of the times.
This week, Wall Street behemoth Goldman Sachs announced it had...
StanChart stops funding three S-E Asia coal plants worth US$7b
December 19, 2019, 7:08 pm
STANDARD Chartered has pulled financing for three coal-fired power plants in South-east Asia amid a global push to cut greenhouse gas emissions, throwing into doubt projects worth an estimated US$7 billion and piling pressure on the coal industry.
Banks and investors are facing pressure from...
World demand for coal falls despite growth in Asia
December 17, 2019, 7:35 pm
Global demand for coal has fallen this year for the first time in two years as Europe and the US turn their backs on coal-fired power plants in favour of cheap gas and renewable energy.
A report from the International Energy Agency (IEA) found that the world’s appetite for coal declined in...
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