The Adaro Blog

China Delays Coal Imports From Australia
February 19, 2019, 7:28 pm
China has delayed customs clearance of coal imports from Australia by as long as 40 days, according to a leading industry body, raising speculation that the world’s biggest shipper of the commodity is being targeted at a time of strained relations between the two nations. Customs officials...
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Chinese traders freeze Australian coal orders amid 40-day customs delays: sources
February 18, 2019, 7:13 pm
BEIJING/MELBOURNE (Reuters) - Chinese coal traders have stopped ordering Australian coal as clearing times through China’s customs have doubled to at least 40 days, according to major buyers in China and international coal merchants, resulting in a sharp fall in Australian prices. The...
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US utility TVA votes to close two coal power plants, in blow to Trump
February 15, 2019, 8:07 pm
WASHINGTON: The Tennessee Valley Authority voted on Thursday to close two aging coal-fired power plants, including one supplied by a company led by a major supporter of President Donald Trump, who had urged the U.S.-owned utility to keep it open. "It is not about coal. This decision is...
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Trump lobbies for coal-fired plant
February 13, 2019, 7:55 pm
President Donald Trump set up a new clash with an independent agency Monday with his call for the Tennessee Valley Authority to keep open an aging coal-fired plant that buys much of its coal from a company chaired by Robert Murray, one of the president's supporters. The TVA board will meet...
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US coal production forecast to total 722 million st in 2019, down 4.3% on year: EIA
February 12, 2019, 7:51 pm
Houston — US coal production was forecast to total 722 million st in 2019, down 4.3% from 2018 production of nearly 755 million st, US Energy Information Administration data showed Tuesday. In 2020, the EIA predicts production of 682 million st, down 5.6% from 2019 expectations, according...
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Adaro maintains coal production target for 2019
February 12, 2019, 7:47 pm
Publicly listed coal miner PT Adaro Energy on Monday released its operation guidance for 2019, which maintained the production target at between 54 million and 56 million tons of coal after it produced 54.04 million tons last year. The EBITDA [earnings before taxes, depreciation and...
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Aust thermal coal prices hit slump
February 8, 2019, 7:22 pm
Australian thermal coal prices have fallen to their lowest since April 2018 as a slowdown in Chinese imports dents demand for the commodity. Spot cargo prices for Australian thermal coal exports from the port of Newcastle were last settled at $US95.75 per tonne, the lowest since a spike in April...
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Indonesia’s coal price reference set at $91.8 per ton in February
February 7, 2019, 7:20 pm
The government has set Indonesia’s coal price reference (HBA) for February at US$91.8 per ton, 0.6 percent lower than the reference in January of $92.41 per ton, in response to China and India’s ongoing protection policies. “Both countries will intensify the use of domestic...
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These countries are driving global demand for coal
February 6, 2019, 7:17 pm
While some countries are closing fossil-fuel power plants and shifting policy towards cleaner energy sources, others are upping the contribution of coal to their power sectors. A recent analysis of the global coal industry by the International Energy Agency highlights the growing number of...
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Germany's Merkel signals support for 2038 coal exit deadline
February 5, 2019, 7:13 pm
TOKYO (Reuters) - German Chancellor Angela Merkel said on Tuesday that her country would withdraw from coal-fired power production by 2038, showing her support for the deadline recommended by a government-appointed commission. The so-called coal commission said last month that Germany should...
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