The Adaro Blog

Arch Coal reports 3Q19 results
October 25, 2019, 8:13 pm
The company had adjusted earnings before interest, taxes, depreciation, depletion, amortisation, accretion on asset retirement obligations, amortisation of sales contracts, and non-operating expenses of US$106.6 million in the third quarter of 2019, which includes a US$1.5 million non-cash...
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The Russians are coming for Asia and Europe's coal markets: Russell
October 23, 2019, 6:07 pm
LISBON, Oct 23 (Reuters) - Life is set to get even more difficult for major coal exporters with Russia planning to increase shipments of the fuel and the cost advantages appearing increasingly stacked in its favour. Russia is already the third-largest supplier to the seaborne market, behind...
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Australia’s hopes to expand coal exports in south-east Asia ‘delusional’, experts say
October 22, 2019, 8:28 pm
The number of new coal-fired power plants starting construction across south-east Asia has fallen markedly over the past two years as Australia has increasingly looked to the region to expand its thermal coal exports. Analysis by US-based climate research and advocacy group Global Energy Monitor...
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Russian coking coal output up
October 21, 2019, 8:41 pm
The country's major coking coal and steel producer Evraz lifted its coal output by 16pc to 19.2mn t, while Kolmar raised production by 46pc to nearly 6mn t. And anthracite producer Sibanthracite Group mined 18.1mn t of coal in the first three quarters, unchanged from a year earlier. The...
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India's Adani awards rail contract to support Australian thermal coal mine
October 18, 2019, 8:37 pm
MELBOURNE (Reuters) - India’s Adani Enterprises has awarded a contract to an Australian rail company as the conglomerate steps up infrastructure spending to support its new thermal coal mine in Queensland state. The A$100 million ($68.30 million) contract was awarded to privately held...
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Peabody to close Illinois coal mine
October 16, 2019, 9:03 pm
The closure is expected to impact about 225 workers. Employees were told at a compulsory meeting on Monday, local media reported. The company would try to place employees at other Peabody operations in the Midwest, according to a letter to staff. The underground Wildcat thermal coal mine...
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China's Sept coal imports slip 8.1% from previous month
October 14, 2019, 7:55 pm
BEIJING, Oct 14 (Reuters) - China’s coal imports in September dropped 8.1% from a month earlier, as traders held up purchases amid an increase in domestic supply and slowing demand for the fuel from power generation companies. Arrivals of coal, including thermal and coking coal, last month...
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Australian state water utility objects to South 32 coal mine extension
October 11, 2019, 7:45 pm
MELBOURNE (Reuters) - Australia’s New South Wales water authority has lodged a strong objection to a planned extension of the life of a coal mine operated by South 32 because of its predicted impact on water resources that support Sydney. The Dendrobium metallurgical coal mine is part of...
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India imports more coking coal through state ports
October 9, 2019, 6:48 pm
Indian coking coal imports moving through 12 key state-controlled ports totalled 29.3mn t in the first six months of the 2019-20 fiscal year starting 1 April, an increase of 15pc from a year earlier despite weakness in the steel sector. Coking coal imports are on track to slightly overtake total...
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US coal production forecast to decline 17% in Q4: EIA
October 8, 2019, 6:52 pm
Houston — The US Energy Information Administration is forecasting a 17% decline in fourth-quarter coal production from the year-ago period, according to the agency's monthly Short-Term Energy Outlook. The report, issued Tuesday, forecasts total US coal production to sink to 159 million...
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