The Adaro Blog

Exclusive: Trump's coal job push stumbles in most states - data
January 19, 2018, 4:27 pm
WASHINGTON (Reuters) - President Donald Trump’s effort to put coal miners back to work stumbled in most coal producing states last year, even as overall employment in the downtrodden sector grew modestly, according to preliminary government data obtained by Reuters.   Trump made...
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Coal India boss sees challenging times ahead
January 15, 2018, 6:45 pm
Coal IndiaBSE 0.99 % Ltd, which is struggling to meet coal production targets, foresees significant competition coming in from the private sector in the future, a top official of the company has said. "More challenging times are ahead. Soon, mines for commercial exploitation will be...
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Coal India to charge customers on energy content in coal
January 10, 2018, 6:40 pm
KOLKATA: Coal IndiaBSE 0.99 % has decided to shift to a pricing system under which customers would be billed on the basis of exact energy content per kilogram of coal in every consignment that is sold to them. The new system would be effective from April 1, 2018. At present, prices of coal is...
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Asia powers demand for thermal coal
January 8, 2018, 12:40 pm
Thermal coal, the least loved major commodity, has jumped to its highest level since late 2016 as strong manufacturing activity in Asia and appetite from China drives demand. Thermal coal is burnt to generate electricity, and is a big source of income for miners such as Glencore, Whitehaven and...
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China aims to supersize coal sector through mergers
January 5, 2018, 1:18 pm
BEIJING (Reuters) - China said on Friday it plans to create several “super-large” coal mining companies by the end of 2020 as the world’s biggest producer of the fuel ramps up years of efforts to streamline the fragmented sector and slash outdated capacity.   The...
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Asian coal prices hit late 2016 high amid huge shipping congestion
January 4, 2018, 12:57 pm
SINGAPORE (Reuters) - Asian benchmark thermal coal prices have pushed to their highest levels since 2016, fueled by demand in China and loading delays in Indonesia that have ramped up shipping congestion outside major coal ports. Spot cargo prices for Australian Newcastle coal have risen nearly...
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Coal miner Toba Bara to issue US$250 million notes
December 27, 2017, 4:27 pm
Publicly listed coal miner PT Toba Bara Sejahtra has announced plans to issue medium-term notes (MTN) worth US$250 million in order to refinance its debts and further expand its businesses. The notes, which will be listed in the Singapore Exchange (SGX), will mature in five years with a maximum...
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Peabody Energy Rising, Coal Industry In Decline, What Is Going On?
December 20, 2017, 4:19 pm
Summary Peabody Energy, key supporter of Trump administration, attempts to force coal use to continue. Huge changes towards digital flexible power delivery (no inflexible base load coal, nuclear): cheaper and in tune with digital transformation across all industries. Peabody...
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Global coal consumption forecast to slow
December 18, 2017, 12:45 pm
Every major country in the world except India reduced its consumption of coal last year, with demand for the dirty fuel forecast to stagnate for the next half decade, according to official forecasts. The International Energy Agency said 5.3bn tonnes of coal equivalent were burnt in 2016, down...
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Indonesia's coal king stands firm amid clean-energy challenges
December 15, 2017, 4:02 pm
JAKARTA -- Garibaldi Thohir may be one of Indonesia's wealthiest men, but it is his younger brother that gets all the attention. The younger brother, Erick Thohir, became a household name since buying the Italian soccer club Inter Milan in 2013, and he has continued to attract attention with...
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