The Adaro Blog

Beijing aims to curb city's use of coal by 2020
July 19, 2017, 5:55 pm
BEIJING (Reuters) - China's capital city Beijing is aiming to cut its coal consumption to below 5 million tonnes by 2020 and limit the use of coal in smog-prone areas, a document issued by the Beijing Municipal Government showed on Tuesday. The city, which suffers from bouts of choking...
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Poland to generate nearly 60 percent of energy from coal in 2030: official
July 11, 2017, 5:53 pm
WARSAW (Reuters) - Nearly 60 percent of Polish energy in 2030 will come from bituminous coal and lignite, Deputy Energy Minister Grzegorz Tobiszowski said on Tuesday. Poland, due to a lack of alternative energy sources and as trade unions retain their grip on the industry, currently generates...
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Rio approves Yancoal’s acquisition of Coal & Allied
July 5, 2017, 9:38 pm
Rio Tinto shareholders have approved Yancoal Australia’s acquisition of its subsidiary, Coal & Allied Industries, which owns majority shares in the Hunter Valley, Mount Thorley and Warkworth coal mines. Chinese owned Yancoal lodged a $US2.45 billion ($3.23 billion) offer for the Hunter...
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China to limit imports of dirty coal
July 3, 2017, 9:36 pm
Imagine you live in a village where one very large and powerful family both farms and eats half of the grain, and has massive tracts of unused, fertile land. Is the grain business one you would want to get into? This is roughly the situation the world’s coal producers find themselves...
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New coal power plants may block Japan's carbon emissions goal: minister
June 30, 2017, 9:32 pm
Japan may not achieve its carbon emissions target if an ambitious plan to build more coal-fired power plants pushes ahead, its environment minister said, underlining Tokyo's struggle to meet globally agreed goals to halt climate change. Even as it champions the Paris climate agreement, Japan...
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Glencore in bidding war with China to buy Rio coal assets
June 27, 2017, 9:22 pm
Miner and trader Glencore on Friday hit back with an increased offer of $2.675 billion in cash to buy Australian coal assets from Rio Tinto that earlier this week said it was favoring a Chinese bid. On Tuesday, Rio Tinto said it had selected Yancoal to buy its Coal & Allied division in...
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Does Coal Stand a Chance Against Renewable Energy?
June 22, 2017, 9:18 pm
You might have heard the news that the first new coal mine in a decade opened this month in a small Pennsylvania town called Friedens. The Acosta Mine—the output from which will be used in the production of steel—is expected to employ between 70 and 100 people over 15 years, with...
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Rio Tinto Picks $2.45 Billion Yancoal Offer for Coal Mines Over Glencore Bid
June 20, 2017, 9:16 pm
Rio Tinto Group backed an improved offer by China’s Yanzhou Coal Mining Co. for its Australian coal mines, snubbing a last-minute bid from Glencore Plc. Shareholders should vote for the $2.45 billion proposal from Yancoal for the Coal & Allied unit in New South Wales, according to a...
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How China, Not Obama, Waged The War On Coal
June 16, 2017, 9:13 pm
Global coal production is down record amounts thanks largely to China, BP's chief economist said Thursday, and coal's probably not coming back.   "I think we are seeing a significant and decisive shift in coal, a break from the past in terms of coal," said BP Group...
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Glencore Moves to Top Chinese Rival in $3.5 Billion Coal Play
June 12, 2017, 9:09 pm
Glencore Plc’s Ivan Glasenberg is looking to trump China’s Yanzhou Coal Mining Co. with a rival bid for Rio Tinto Group coal assets in Australia. The company’s chief executive officer submitted a proposal to buy Rio’s Coal & Allied coal unit in New South Wales for...
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