The Adaro Blog

Australia's North Queensland coal exports slump to 22-month low in Feb
March 8, 2019, 7:20 pm
Sydney — Exports of coal from North Queensland, Australia, plummeted in February as the region's coal chain faced industrial action and weather-related issues, data from North Queensland Bulk Ports Corporation showed Thursday. There was a total of 8.92 million mt of coal shipped from...
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Now is the time for new coal plants, resources minister says
March 7, 2019, 7:15 pm
The resources minister, Matt Canavan, has declared “now” is the right time to build new coal-fired power, as the prime minister insisted his pre-election priorities were securing passage of budget bills and helping north Queensland recover from the recent floods. The comments from...
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Spanish Feb thermal coal usage at 2.2 TWh, down 35% on month
March 4, 2019, 7:28 pm
Barcelona — Spanish coal consumption dropped 35% in February, continuing a decline that saw an 18% drop for the full year 2018, according to data published Saturday by Spanish grid operator Red Electrica de Espana (REE). Output from Spanish coal-fired plants was 2.2 TWh in the month and...
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Australia's BHP-Mitsubishi sells new brand of hard coking coal: sources
March 1, 2019, 6:32 pm
Singapore — Australia's largest metallurgical coal producer, BHP-Mitsubishi Alliance, or BMA, has sold a new brand of hard coking coal named Australian coking coal HS this week, market sources told S&P Global Platts Friday. Australian coking coal HS has these specifications: 60%...
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Thailand's PTT to up gas investment as country looks beyond coal
March 1, 2019, 6:30 pm
BANGKOK -- State-owned energy group PTT will spend billions of dollars over the next decade to increase Thailand's natural gas supply, supporting the government's efforts to diversify the country's coal-heavy energy mix. Plans for the five years through 2023 call for 167 billion baht...
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Luhut admits owning 6,000-ha coal mine in East Kalimantan
March 1, 2019, 6:26 pm
Amid the brouhaha surrounding the large land concessions managed by members of Indonesia's political elite, Coordinating Maritime Affairs Minister Luhut Pandjaitan has admitted to owning a 6,000-hectare coal mine in East Kalimantan. The coal mine, the senior minister said, was a concession...
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Ramaco coal sales jump threefold in 2018 to 2.15 million st
February 26, 2019, 7:05 pm
Houston — Ramaco Resources said it sold nearly 2.15 million st of coal in 2018 at an average sales price of roughly $78/st, up threefold from 608,000 st sold in 2017 at approximately $66/st, the company said Monday. In a preliminary quarterly earnings statement, the Lexington, Kentucky...
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Germany’s coal phase-out leaves €1.5bn power plant in doubt
February 25, 2019, 6:48 pm
Stepping inside the Datteln power plant in western Germany feels like entering a cathedral: the eye is drawn relentlessly upwards, towards a platform where workers are busy welding a 120m-tall furnace capable of burning 400 tonnes of coal an hour. Billed as the most modern and efficient...
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Australia, China deny ban on coal imports amid tensions
February 22, 2019, 7:02 pm
SYDNEY: China and Australia on Friday (Feb 22) denied reports Australian coal was being blocked from entering the Asian country, with Canberra seeking to quell fears that worsening diplomatic tensions are damaging the nations' crucial trading relationship. Industry experts have noted...
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Glencore, the world's biggest thermal coal exporter, is capping its output over climate concerns
February 21, 2019, 7:22 pm
Commodities giant Glencore on Wednesday said it will cap the amount of coal it produces each year, part of a broader plan to align its business with the global effort to prevent climate change. Glencore is the world's largest exporter of thermal coal, the kind burned in power plants and a...
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