The Adaro Blog

Indian billionaire to open huge new coal mine in Australia
June 6, 2017, 9:03 pm
Gautam Adani said Tuesday that he had given the "green light" to his firm's $12 billion coal project in Australia's northeastern Queensland state. "This is the largest single investment by an Indian corporation in Australia, and I believe others will follow with...
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Shenhua, China Guodian Said to Mull $267 Billion Power Giant
June 4, 2017, 7:40 pm
Shenhua Group Corp., China’s biggest coal miner, and China Guodian Corp., one of the nation’s largest coal-fired power generators, are in merger discussions, according to people with knowledge of the matter. The talks are preliminary and the merger may not go ahead, said the...
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Coal's Future in India
June 2, 2017, 7:36 pm
The Indian trading house Adani Resources Ltd. has just reached an agreement with the Queensland government on royalty payments for the Carmichael coal mine, which the company is considering building in northeastern Australia. As one of the largest thermal coal mines in the world, it would...
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Coking coal price talks stall as steelmakers, miners spar on contract terms
June 1, 2017, 7:34 pm
Talks between Australian miners and Japanese steelmakers over coking coal supplies have stalled as the Japanese companies are pushing to move to more flexible arrangements from the current quarterly fixed-price terms. The Japanese are backed by BHP, the world's biggest producer of coking...
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Adani's Carmichael mine is coal's unintended game-breaker: Russell
May 31, 2017, 7:32 pm
The world's biggest planned coal mine is once again lurching toward the finish line as India's Adani Enterprises moves ahead with a final decision on its Carmichael project in Australia. Even if Adani does approve the $4 billion thermal coal and rail project in central Queensland state,...
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South Korea to suspend eight older coal-fired power plants to tackle pollution
May 29, 2017, 6:51 pm
South Korea will halt operations at eight of the country's older coal-fired power plants for a month in June as part of measures to tackle air pollution, the energy ministry said on Tuesday. New President Moon Jae-in earlier this month announced plans to temporarily shut operations at 10...
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Rio to reap an extra $804 million in Coal and Allied sale
May 25, 2017, 6:49 pm
Rio Tinto will secure up to $US600 million ($804m) above the value of its Hunter Valley coal assets in its $US2.45 billion Coal and Allied sale to Yancoal Australia, even without including a ­potential $US650m royalty, according to independent expert Ernst & Young. In the lead-up to...
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India power minister promotes renewables and ‘cleaner’ coal
May 24, 2017, 4:46 pm
MAY 23, 2017 by: Andrew Ward, Energy Editor Piyush Goyal picks up his smartphone, opens an app and declares the precise number of villages in India without reliable access to electricity: 4,061. When he became Indian minister for power in 2014, he says, the number was over 18,000. Mr Goyal is...
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Analysis: Rising domestic consumption lures Indonesian coal miners
May 22, 2017, 4:28 pm
Singapore (Platts)--22 May 2017 442 am EDT/842 GMT Several Indonesian thermal coal producers are shifting their focus to the lucrative domestic space amid rising consumption, while seaborne trading appears to be losing steam at the traditionally strong export markets. During a recently...
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Coal linkage policy to energise power firms’ growth trajectory
May 20, 2017, 4:23 pm
The Government of India with an aim to reducing dependence on imported coal and auctioning long-term coal linkages to power companies recently approved a long-awaited coal linkage policy, which provided a breather to the thermal power sector. As coal availability is not adequate in India and...
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