The Adaro Blog

Low-CV Indonesian physical coal prices edge lower
May 17, 2019, 8:03 pm
There were further signs that the low-calorific value (CV) Indonesian physical coal market was coming under pressure today, with bids and offers starting to edge lower amid weaker demand from key buyers China and India. The actively traded GAR 4,200 kcal/kg (NAR 3,800 kcal/kg) market saw an...
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China caps capacity at coal mines at risk for 'bumps'
May 16, 2019, 8:08 pm
BEIJING (Reuters) - China’s National Coal Mine Safety Administration said it has set a production cap of 8 million tonnes of coal a year for each mine deemed to be at risk from so-called “bumps”. As part of the measure to improve safety, capacity expansion on such mines will...
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Bukit Asam to complete coal gasification feasibility studies in May
May 15, 2019, 8:00 pm
Publicly listed coal miner PT Bukit Asam (PTBA) will complete feasibility studies for its coal gasification project in Sumatra in May. Following PTBA’s plan to build two coal gasification plants in Sumatra, company president director Arviyan Arifin said he expected the studies to be...
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Asian banks joining trend away from coal
May 14, 2019, 8:05 pm
Asia has witnessed five major financial institutions announcing exit policies from coal-fired power plants over the last six weeks, signalling an acceleration away from coal financing into renewable-energy projects in the Asia-Pacific region. Singapore’s big three banks – DBS Group...
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Analysis: Met coal price spreads tighten between FOB Australia and China as demand rises
May 10, 2019, 8:44 pm
London — The rise in met coal prices in Asia-Pacific markets this week is also tightening relative price variations between FOB Australia and coking coal markets in China. The rise in met coal prices in Asia-Pacific markets this week has tightened the spread between the FOB Australia and...
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The UK just went one week without coal power for the first time in 137 years
May 9, 2019, 8:41 pm
For the first time since 1882, when the first coal-fired power plant started running in the UK, the country has gone coal-free for a full week, according to the National Grid's Electricity System Operator (ESO). And Britain is now on course to generate electricity with zero carbon by 2025,...
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Indonesia coal price dips nearly 8% on dwindling demand
May 8, 2019, 8:38 pm
The Indonesian coal price reference (HBA) has continued to decline this month due to shrinking market demand to US$81.86 per ton, or a month-to-month (mtm) decrease of 7.86 percent. Energy and Mineral Resources (ESDM) Ministry spokesperson Agung Pribadi said that East and West Asian countries,...
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Vietnam boosts Russian coal imports
May 7, 2019, 8:09 pm
Russia increased coal supplies to Vietnam to 852,000t in January-February from 237,000t a year earlier, according to national government data, amid growing demand from power utilities that cannot be covered by limited domestic supply. Russia's share of Vietnam's total coal imports...
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Warrior Met Coal sees record-high coal production in Q1: company
May 2, 2019, 7:36 pm
Houston — Warrior Met Coal produced a record-high 2.3 million st of metallurgical coal in the first quarter of 2019, up from 2.1 million st produced in the year-ago quarter, according to a company statement. The Brookwood, Alabama-based company sold 2.1 million st of premium low-volatile...
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Bids, offers of low-CV Indonesian coal edge up
April 30, 2019, 8:05 pm
There were increased inquiries in the Indonesian GAR 4,200 kcal/kg (NAR 3,800 kcal/kg) market from some Chinese buyers seeking cargoes ahead of the holiday, although deals were slow to emerge. There is a view in the market that prices may find further support next week, with the Islamic fasting...
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