The Adaro Blog
Anglo American to sell some South Africa coal operations
April 10, 2017, 6:38 pm
APRIL 10, 2017 by: Joseph Cotterill in Johannesburg
Anglo American said on Monday it had agreed to sell coal operations in South Africa that supply domestic power stations to a black-owned company, in a sign that the mining group is pressing ahead with a strategy to exit some assets in the...
Coal Exports Disrupted in Cyclone-Hit Australia as Floodwaters Rise
April 3, 2017, 3:52 pm
Damage to rail lines in cyclone-hit northeast Australia is set to disrupt exports of the steel-making material from the world's largest coking coal region, underpinning prices and raising the prospect of major producers declaring force majeure.
The extent of the damage, which will hit coal...
After 2016 Squeeze, Some Top China Banks Set For Stronger Growth
March 31, 2017, 3:48 pm
Improving asset quality and rising loan demand could see some of China's biggest listed banks bolster their profit growth this year, bankers signaled this week, even as interest margins remain under pressure and more bad loans are written off.
"The trend is promising," Yi Huiman,...
Australia's Dirtiest Coal Plant Closes, Energy Crisis Deepens
March 30, 2017, 3:46 pm
The doors to Australia's dirtiest power station will close permanently on Friday after 50 years, amping up pressure on a government desperate to avoid the kind of embarrassing blackouts that hit chunks of the country during a recent savage heatwave.
France's Engie SA is pulling the plug...
Germany Converting a Huge Coal Mines Into Giant Renewable Battery
March 24, 2017, 3:38 pm
A German coal mine will be converted into giant “battery station” to store enough renewable energy to power some 400,000 homes.
The Prosper-Haniel pit in the state of North Rhine Westphalia near the Dutch border, has produced the fossil fuel for almost half a century.
But now it...
Making Coal Competitive Again
March 23, 2017, 3:20 pm
The March 19 Business article “Coal in the Trump age ” rushed to accentuate the negatives for an industry that is recovering from a multiyear trough. The coal sector has been devastated by lower demand and job loss in recent years as regulations have significantly increased the cost of...
China kickstarting new coal boom in Pakistan
March 17, 2017, 3:19 pm
Chinese investments are speeding up new coal developments in the Thar region of Pakistan, despite local water scarcity and pollution and an abundance of solar energy potential.
The CEO of Sindh Engro Coal Mining Company (SECM), Shamsuddin Ahmad Shaikh, said on Thursday that with government and...
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