The Adaro Blog

Dozens of coal, iron ore freighters stuck off China ports amid customs delays: data, sources
February 1, 2019, 7:37 pm
SINGAPORE/BEIJING (Reuters) - Dozens of ships carrying coal and iron ore to China are stuck outside ports waiting to unload, according to shipping data, with traders saying harbor authorities are taking longer than usual to clear the imports with customs officials. Refinitiv data showed on...
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Coal still in high demand globally
February 1, 2019, 7:36 pm
CAPE TOWN – Although the world is switching to renewable energy there is still a big demand for coal around the globe. This is according to Canyon Coal’s executive chairperson, Vuslat Bayoglu speaking at the 14th Annual Southern African Coal Conference at the Westin Hotel...
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China imposes coking coal import restrictions at Northeast China ports: sources
January 30, 2019, 8:05 pm
Singapore — China has imposed port restrictions on coking coal imports at several ports in Northeast China including Bayuquan, Dandong and Dalian effective Tuesday afternoon, market sources with knowledge of the matter told S&P Global Platts Wednesday. Three Chinese steelmakers...
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Germany would end coal use by 2038 under new plan
January 28, 2019, 7:13 pm
BERLIN — In a pioneering move, a German government-appointed panel has recommended that Germany stop burning coal to generate electricity by 2038 at the latest, as part of efforts to curb climate change. The Coal Commission reached a deal early Saturday following months of wrangling that...
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Coal Isn't Dead. China Proves It.
January 23, 2019, 7:05 pm
For demand, too many confuse the crucial difference between "growing less slowly" or remaining "buoyantly very high" versus "shrinking" or "declining." Similar to U.S. oil demand, China's coal consumption aligns with the first two. While it could indeed...
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German vows to insulate industry from costs of culling coal
January 22, 2019, 7:27 pm
BERLIN (Reuters) - Germany will protect its manufacturing industry from the impact of abandoning cheap coal-fired power, which Berlin is looking to ditch for environmental reasons, its economy minister said. German companies want some protection from the rise they fear they will see in...
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China firms funding coal plants offshore as domestic curbs bite: study
January 22, 2019, 7:25 pm
[SHANGHAI] China has become a key backer for coal-fired power globally, funding more than a quarter of all new plants being developed outside its borders even as it clamps down on the polluting fuel at home, a study published on Tuesday said. The top destinations are Bangladesh, Vietnam, South...
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China's domestic thermal coal prices under close watch ahead of key political meetings: sources
January 18, 2019, 8:14 pm
Singapore — China's domestic thermal coal prices are likely to come under close watch in coming weeks as the country strives to keep prices of essential goods stable during the Lunar New Year holiday period in February and key annual political meetings in March, market sources said...
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New York’s Plan to Kill Coal Is Already Boosting Power Prices
January 18, 2019, 8:11 pm
New York’s plan to put the state’s last coal-fired power plants out of business hasn’t even been approved yet and electricity is already trading like they’re shut. The price of power in 2021 in New York City and other regions surged more than 30 percent beginning in May....
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PLN to acquire coal mines to secure supply
January 16, 2019, 8:09 pm
State-owned electricity firm PLN is set to acquire coal mines as part of its plan to secure 40 percent of the coal demand for its power grid – which last year absorbed 95 million tons of coal – by 2023. PLN president director Sofyan Basir said that by 2023 coal demand for the...
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