The Adaro Blog
Crude oil, natural gas may be about to repeat coal's hubris: Russell
October 2, 2018, 8:32 pm
LAUNCESTON, Australia (Reuters) - The crude oil and natural gas industries believe they have got their mojo back, with the overwhelming impression gained at two recent conferences that the future is indeed bullish.
It was hard to find any downbeat delegates at last week’s Asia Pacific...
China won’t renew coal, steel output restrictions amid trade war
October 1, 2018, 8:27 pm
China won’t renew harsh restrictions on coal and steel production capacity originally targeted at cut air pollution, as the country’s trade war with the US has begun to affect growth.
Rather, local governments will have to decide how to meet emission targets during the smog-prone...
Indonesia 2018 coal output target now around 507 mln T -Energy Ministry
September 26, 2018, 6:27 pm
JAKARTA, Sept 26 (Reuters) - Indonesia has increased its 2018 coal production target to around 507 million tonnes from a previous target of 485 million tonnes, the Energy Ministry said on Wednesday, a move that may add to downward pressure on prices for the fuel.
Indonesia is the world’s...
China coal power building boom sparks climate warning
September 26, 2018, 6:22 pm
The research, carried out by green campaigners CoalSwarm, suggests that 259 gigawatts of new capacity are under development in China.
The authors say this is the same capacity to produce electricity as the entire US coal fleet.
The study says government attempts to cancel many plants have...
Adaro Energy (ADRO) ingin memperbesar bisnis coking coal
September 24, 2018, 3:50 pm
KONTAN.CO.ID - JAKARTA. Sebagai perusahaan tambang batubara, PT Adaro Energy Tbk (ADRO) tak hanya fokus di bisnis thermal coal, tapi juga coking coal atawa kokas.
“Jadi yang tadinya cuma thermal, sekarang ada coking coal juga yang digunakan khusus untuk bahan baku steel," ujar...
U.S. private equity firm launches Coronado Coal IPO in Australia
September 24, 2018, 3:17 pm
SYDNEY, Sept 24 (Reuters) - U.S. private equity firm Energy and Minerals Group (EMG) on Monday kicked off its planned float of Coronado Coal Group in Australia, seeking to raise up to A$1.3 billion ($946.1 million) for 30 percent of the group.
The float will give the company an enterprise value...
Peabody Energy to buy Alabama coal mine for $400 million
September 21, 2018, 3:16 pm
US coal producer Peabody Energy (NYSE: BTU), the world's largest privately owned producer of the fossil fuel, said Friday it had agreed to buy Shoal Creek metallurgical coal mine in central Alabama from Drummond Co. for $400 million.
Located on the Black Warrior river, the mine serves the...
European coal market struggles with surge of off-spec flows
September 20, 2018, 3:13 pm
London — The European thermal coal market was struggling with close to record high stockpiles at the key Amsterdam-Rotterdam-Antwerp hub, as an increased volume of off-spec coals flowed into the region, sources said Thursday.
European utilities have been blending off-spec coals for many...
Japan's Marubeni to halve coal-fired power capacity by 2030
September 18, 2018, 3:09 pm
TOKYO (Reuters) - Japan’s Marubeni Corp said it would no longer start new coal-fired power plant projects and will halve its net coal power generating capacity of about 3 gigawatts (GW) by 2030 to cut greenhouse gas emissions and tackle global climate change.
“As a general principle,...
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