The Adaro Blog
Asian banks joining trend away from coal
May 14, 2019, 8:05 pm
Asia has witnessed five major financial institutions announcing exit policies from coal-fired power plants over the last six weeks, signalling an acceleration away from coal financing into renewable-energy projects in the Asia-Pacific region.
Singapore’s big three banks – DBS Group...
Indonesia coal price dips nearly 8% on dwindling demand
May 8, 2019, 8:38 pm
The Indonesian coal price reference (HBA) has continued to decline this month due to shrinking market demand to US$81.86 per ton, or a month-to-month (mtm) decrease of 7.86 percent.
Energy and Mineral Resources (ESDM) Ministry spokesperson Agung Pribadi said that East and West Asian countries,...
Vietnam boosts Russian coal imports
May 7, 2019, 8:09 pm
Russia increased coal supplies to Vietnam to 852,000t in January-February from 237,000t a year earlier, according to national government data, amid growing demand from power utilities that cannot be covered by limited domestic supply.
Russia's share of Vietnam's total coal imports...
Warrior Met Coal sees record-high coal production in Q1: company
May 2, 2019, 7:36 pm
Houston — Warrior Met Coal produced a record-high 2.3 million st of metallurgical coal in the first quarter of 2019, up from 2.1 million st produced in the year-ago quarter, according to a company statement.
The Brookwood, Alabama-based company sold 2.1 million st of premium low-volatile...
Bids, offers of low-CV Indonesian coal edge up
April 30, 2019, 8:05 pm
There were increased inquiries in the Indonesian GAR 4,200 kcal/kg (NAR 3,800 kcal/kg) market from some Chinese buyers seeking cargoes ahead of the holiday, although deals were slow to emerge. There is a view in the market that prices may find further support next week, with the Islamic fasting...
America's renewable energy set to surpass coal for the first month ever
April 29, 2019, 7:31 pm
New York (CNN Business) America's clean energy revolution is on the verge of a tipping point.
The renewable energy sector is projected to generate more electricity than coal during the month of April, according to a recent report published by the Institute for Energy Economics and Financial...
Anglo American production drops on coal output
April 26, 2019, 7:33 pm
Anglo American PLC (AAL.LN) Thursday reported that total production on a copper-equivalent basis fell 6% in the first quarter of 2019 after two planned longwall moves saw a 25% fall in metallurgical coal production.
The diversified mining company said metallurgical coal production fell to 4.2...
Arch Coal reports record coking coal margins in Q1
April 23, 2019, 7:00 pm
Houston — Arch Coal sold 20.62 million st of coal in the first quarter of 2019, down 13.9% from 23.95 million st in Q4 2018 and 12.8% from 23.66 million st sold in the year-ago quarter, due to a sharp drop in Powder River Basin shipments, but were offset by record margins in its coking coal...
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