The Adaro Blog

Luhut admits owning 6,000-ha coal mine in East Kalimantan
March 1, 2019, 6:26 pm
Amid the brouhaha surrounding the large land concessions managed by members of Indonesia's political elite, Coordinating Maritime Affairs Minister Luhut Pandjaitan has admitted to owning a 6,000-hectare coal mine in East Kalimantan. The coal mine, the senior minister said, was a concession...
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Ramaco coal sales jump threefold in 2018 to 2.15 million st
February 26, 2019, 7:05 pm
Houston — Ramaco Resources said it sold nearly 2.15 million st of coal in 2018 at an average sales price of roughly $78/st, up threefold from 608,000 st sold in 2017 at approximately $66/st, the company said Monday. In a preliminary quarterly earnings statement, the Lexington, Kentucky...
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Germany’s coal phase-out leaves €1.5bn power plant in doubt
February 25, 2019, 6:48 pm
Stepping inside the Datteln power plant in western Germany feels like entering a cathedral: the eye is drawn relentlessly upwards, towards a platform where workers are busy welding a 120m-tall furnace capable of burning 400 tonnes of coal an hour. Billed as the most modern and efficient...
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Australia, China deny ban on coal imports amid tensions
February 22, 2019, 7:02 pm
SYDNEY: China and Australia on Friday (Feb 22) denied reports Australian coal was being blocked from entering the Asian country, with Canberra seeking to quell fears that worsening diplomatic tensions are damaging the nations' crucial trading relationship. Industry experts have noted...
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Glencore, the world's biggest thermal coal exporter, is capping its output over climate concerns
February 21, 2019, 7:22 pm
Commodities giant Glencore on Wednesday said it will cap the amount of coal it produces each year, part of a broader plan to align its business with the global effort to prevent climate change. Glencore is the world's largest exporter of thermal coal, the kind burned in power plants and a...
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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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