The Adaro Blog

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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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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