The Adaro Blog

Nearly $640 bln coal investments undercut by cheap renewables – research
March 13, 2020, 6:27 pm
Nearly $640 billion of investment in coal power capacity worldwide is at risk because it is cheaper to generate electricity from new renewables, research by think tank Carbon Tracker Initiative showed on Thursday. Institutional investors are increasingly withdrawing from fossil fuel companies...
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Weekly US coal production reaches new low in 2020: EIA
March 12, 2020, 9:08 pm
Houston — Weekly US coal production was estimated at 10.6 million st in the week that ended March 7, down 6.1% from the previous week, US Energy Information Administration data said Thursday. It was the strongest week-on-week decline in five weeks. Across the board, all basins hit their...
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China coking coal premiums in check as coronavirus hits steel market
March 11, 2020, 8:11 pm
London — China's domestic coking coal prices remain lofty compared with seaborne and regional markets elsewhere, but the coronavirus effect on China's steel inventory and steel demand may push markets closer together, according to market sources. Already, traders are eyeing a...
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Carbon emissions fall as electricity producers move away from coal
March 9, 2020, 6:40 pm
Carbon emissions from the global electricity system fell by 2% last year, the biggest drop in almost 30 years, as countries began to turn their backs on coal-fired power plants. A new report on the world’s electricity generation revealed the steepest cut in carbon emissions since 1990 as...
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Standard Bank commits to reducing exposure to thermal coal
March 6, 2020, 6:30 pm
JOHANNESBURG – Standard Bank has committed to reducing exposure to thermal coal over time. The lender said in its Thermal Coal Mining Policy which was published on Thursday that the group would not finance mountain top removal mining activities. The policy was published after...
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Coal suppliers fear uncertainty over Indonesia's new shipping rules could hurt export demand
March 5, 2020, 7:58 pm
Singapore — Indonesian thermal coal suppliers and shipping companies are growing increasingly concerned as the May 1 implementation of a requirement to use local ships for exports draws closer, as the government has yet to define what it means by Indonesian-controlled ship, market sources...
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China's removal of port construction fees in Q2 could spur seaborne coal activity: traders
March 4, 2020, 6:28 pm
Singapore — China's removal of port construction fees for all import and export goods and a 20% reduction in all other government port charges over March 1 to June 30 could spur a modest uptick in seaborne coal trading activity and reduce costs for end-users, market sources said...
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RPT-COLUMN-Seaborne coal's struggles in Asia are more than just China coronavirus: Russell
March 3, 2020, 6:25 pm
LAUNCESTON, Australia, March 3 (Reuters) - Asia’s seaborne coal markets stumbled in February and it appears the coronavirus outbreak in China may dodge most of the blame, with the weakness concentrated in other major importers of the polluting fuel. South Korea’s imports of both...
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BlackRock World Mining drops coal from remit
February 28, 2020, 7:28 pm
BlackRock World Mining drops coal from remit – in conjunction with the release of BlackRock World Mining’s annual report for 2019, the board has had a rethink about its benchmark and examined the trust’s ESG credentials. The managers have decided that, across their business, they...
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JPMorgan announces big moves to support environment, including ending loans to coal industry
February 26, 2020, 6:17 pm
JPMorgan Chase pledged on Tuesday to facilitate $200 billion in environmental and economic development deals and will pull back from advising and lending to the coal-mining industry. The new targets, disclosed in presentations for the New York-based bank’s annual investor day, mark an...
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