The Adaro Blog
America's renewable energy set to surpass coal for the first month ever
April 29, 2019, 7:31 pm
New York (CNN Business) America's clean energy revolution is on the verge of a tipping point.
The renewable energy sector is projected to generate more electricity than coal during the month of April, according to a recent report published by the Institute for Energy Economics and Financial...
Anglo American production drops on coal output
April 26, 2019, 7:33 pm
Anglo American PLC (AAL.LN) Thursday reported that total production on a copper-equivalent basis fell 6% in the first quarter of 2019 after two planned longwall moves saw a 25% fall in metallurgical coal production.
The diversified mining company said metallurgical coal production fell to 4.2...
Arch Coal reports record coking coal margins in Q1
April 23, 2019, 7:00 pm
Houston — Arch Coal sold 20.62 million st of coal in the first quarter of 2019, down 13.9% from 23.95 million st in Q4 2018 and 12.8% from 23.66 million st sold in the year-ago quarter, due to a sharp drop in Powder River Basin shipments, but were offset by record margins in its coking coal...
Exxon is helping China move away from coal
April 22, 2019, 6:56 pm
New York (CNN Business)China is turning to ExxonMobil to help meet its insatiable appetite for cleaner energy as the country moves away from coal.
Despite lingering trade tensions between Washington and Beijing, Exxon (XOM) on Monday announced a 20-year agreement to send liquefied natural gas to...
Thermal coal prices enter bear market territory
April 10, 2019, 7:54 pm
One worrying sign for the global economy: Thermal coal — burnt in power stations to generate electricity — has slumped into bear market territory, with benchmark prices around the world dropping to multiyear lows before recovering.
The downturn started in Europe where falling...
Tokyo Gas, Shell sign LNG deal linked to coal pricing in rare move
April 5, 2019, 7:28 pm
TOKYO/SINGAPORE (Reuters) - Japan’s Tokyo Gas said on Friday it has signed a deal with Royal Dutch Shell for the long-term supply of liquefied natural gas (LNG), partly using a coal-linked pricing formula in an unusual move for an Asian LNG buyer.
This is believed to be the first time a...
India approves new coal projects amid a shrinking global pool
March 29, 2019, 7:10 pm
India continues to endorse new coal-fired generation projects, beating a global trend of shrinking thermal projects as concerns mount on rising emissions and tightening of credit.
A report released jointly by Global Energy Monitor, Greenpeace India and the Sierra Club (US) shows the number of...
Japan to rule out coal-fired plants as international criticism rises
March 28, 2019, 7:07 pm
The Environment Ministry said that in principle it will not sanction construction of new large coal-fired power plants nor boilers to existing facilities in line with Japan's international pledges to tackle global warming.
Moves are spreading worldwide to shun facilities that burn fossil...
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