The Adaro Blog
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...
Anglo's South African Coal Bidders Said to Consider Listings
March 14, 2017, 3:13 pm
The two main bidders for Anglo American Plc’s South African coal mines plan to list their companies if they are successful in buying the operations, according to three people familiar with the plans.
Phembani Group, founded by MTN Group Ltd. Chairman Phuthuma Nhleko, and Masimong Minerals...
Indonesia's March HBA Thermal Coal Price Falls 2% On Month
March 7, 2017, 3:06 pm
Indonesia's Ministry of Energy and Mineral Resources set its March thermal coal reference price, also known as Harga Batubara Acuan or HBA, at $81.90/mt, down 1.7% from February, but up about 58.7% from a year ago.
The ministry had set the price for February at $83.32/mt and the March 2016...
Indonesia's Adaro Sees Coal Prices, Demand Improving in 2017: CEO
March 2, 2017, 3:03 pm
Jakarta. The chief executive of Adaro Energy, Indonesia's biggest coal miner by market capitalization, said thermal coal prices have bottomed and will increase in 2017 along with rising import demand from China and Southeast Asia.
Cargo prices for Australian thermal coal from Newcastle ,...
Indonesia: Coal miner will benefit from rising coal prices in 2017
March 1, 2017, 2:59 pm
With low coal prices early this year, coal miner PT Indo Tambangraya Megah (ITMG) managed to chart growth last year and therefore, analysts estimate that the company may maintain its growth.
According to data from Bloomberg, coal prices listed in ICE Futures Europe as per export contracts in...
Coal-Loving Indonesia Stock Investor Doubles Down After 43% Gain
February 17, 2017, 8:05 pm
ndonesian stock fund manager Agus Yanuar has trounced his peers and the Jakarta Composite Index over the past year by riding a rebound in commodity prices. Now, the chief investment officer at PT Samuel Aset Manajemen says he’s sticking to his guns.
Yanuar’s SAM Indonesian...
China rejects North Korean coal shipment -Yonhap
February 15, 2017, 8:04 pm
Feb 15 China rejected a shipment of coal from North Korea a day after the country testfired a ballistic missile in violation of international sanctions, South Korea’s Yonhap News Agency reported on Wednesday.
A load of around 16,295 tonnes of North Korean coal, estimated to be worth around...
India’s Coal Giant Risks Burning Investors
February 13, 2017, 8:03 pm
Fancy a truckload of the world’s biggest coal miner?
New Delhi is planning to sell a 10 percent stake in Coal India Ltd., the Economic Times reported Monday, without saying where it got the information. Such a deal could be worth about 197 billion rupees ($2.9 billion) at current...
The Outlook for Coal Looks Brighter in 2017
February 10, 2017, 8:03 pm
The coal industry will begin to reverse its downward slide in 2017, according to U.S. data.
Coal production is coming off its worst year since 1978, and for the first time, last year natural gas overtook coal as the dominant fuel for electricity generation in the U.S. Production of coal fell 18%...
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