The Adaro Blog

China energy regulator raises targets for curbing coal-fired power
August 2, 2017, 4:28 pm
BEIJING (Reuters) - China's energy regulator on Monday said it was raising its targets for curbing coal-fired power capacity over the next few years, as the world's No.2 economy continues its drive against pollution. The National Energy Administration (NEA) said in a statement on its...
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U.S company Xcoal Energy to sell steam coal to fuel-strapped Ukraine
August 1, 2017, 4:24 pm
WASHINGTON (Reuters) - A Pennsylvania-based coal company said on Monday it signed its first contract with Ukraine to sell coal that is burned to produce electricity in a deal sped along by the U.S. and Ukrainian governments. Privately held Xcoal Energy & Resources agreed to supply...
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Glencore finally lands a stake in Australian coal mines with £1bn deal
July 28, 2017, 4:19 pm
Glencore has acquired half a coal mine in Australia, just weeks after losing a bidding war to buy the whole lot. The FTSE 100 mining giant will shell out $1.1bn (£839m) to buy a 49pc stake in the Hunter Valley Operations in New South Wales. It will buy out Japanese conglomerate...
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Japan environment minister to urge to rethink on coal project: media
July 26, 2017, 5:56 pm
TOKYO (Reuters) - Japan's environment minister is likely to recommend the trade ministry reconsider a coal-fired power project planned by Chubu Electric Power Co amid concerns over rising carbon emissions, local media said on Wednesday. The likely recommendation comes as the environment...
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After China-induced price spike, coal set to resume long-term decline
July 24, 2017, 4:13 pm
LONDON/SINGAPORE (Reuters) - Coal prices' march to eight-month highs, driven by China's huge appetite for power consumption, looks like an interlude in a longer-term decline and is seen losing traction later this year. Investors widely anticipate a slow demise for coal use due to...
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Power Giant Urges Australia to Exclude Coal in Its Clean Target
July 21, 2017, 5:50 pm
Australia’s largest power generator, AGL Energy Ltd., has urged the government to exclude coal from its planned clean energy target and said there is no appetite among private investors to fund new coal-fired power plants. AGL, which sources 77 percent of its electricity generation from...
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India to phase out 5.5 GW of coal-fired power plants
July 20, 2017, 5:48 pm
NEW DELHI (Reuters) - India has identified 5.5 gigawatts (GW) of inefficient coal-fired power plants to be retired, Power Minister Piyush Goyal told lawmakers on Thursday, as the country looks to cut emissions and make better use of its coal reserves. The Central Electrical Authority (CEA) has...
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Beijing aims to curb city's use of coal by 2020
July 19, 2017, 5:55 pm
BEIJING (Reuters) - China's capital city Beijing is aiming to cut its coal consumption to below 5 million tonnes by 2020 and limit the use of coal in smog-prone areas, a document issued by the Beijing Municipal Government showed on Tuesday. The city, which suffers from bouts of choking...
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Poland to generate nearly 60 percent of energy from coal in 2030: official
July 11, 2017, 5:53 pm
WARSAW (Reuters) - Nearly 60 percent of Polish energy in 2030 will come from bituminous coal and lignite, Deputy Energy Minister Grzegorz Tobiszowski said on Tuesday. Poland, due to a lack of alternative energy sources and as trade unions retain their grip on the industry, currently generates...
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Rio approves Yancoal’s acquisition of Coal & Allied
July 5, 2017, 9:38 pm
Rio Tinto shareholders have approved Yancoal Australia’s acquisition of its subsidiary, Coal & Allied Industries, which owns majority shares in the Hunter Valley, Mount Thorley and Warkworth coal mines. Chinese owned Yancoal lodged a $US2.45 billion ($3.23 billion) offer for the Hunter...
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