The Adaro Blog

Rio Tinto Picks $2.45 Billion Yancoal Offer for Coal Mines Over Glencore Bid
June 20, 2017, 9:16 pm
Rio Tinto Group backed an improved offer by China’s Yanzhou Coal Mining Co. for its Australian coal mines, snubbing a last-minute bid from Glencore Plc. Shareholders should vote for the $2.45 billion proposal from Yancoal for the Coal & Allied unit in New South Wales, according to a...
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How China, Not Obama, Waged The War On Coal
June 16, 2017, 9:13 pm
Global coal production is down record amounts thanks largely to China, BP's chief economist said Thursday, and coal's probably not coming back.   "I think we are seeing a significant and decisive shift in coal, a break from the past in terms of coal," said BP Group...
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Glencore Moves to Top Chinese Rival in $3.5 Billion Coal Play
June 12, 2017, 9:09 pm
Glencore Plc’s Ivan Glasenberg is looking to trump China’s Yanzhou Coal Mining Co. with a rival bid for Rio Tinto Group coal assets in Australia. The company’s chief executive officer submitted a proposal to buy Rio’s Coal & Allied coal unit in New South Wales for...
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Indian billionaire to open huge new coal mine in Australia
June 6, 2017, 9:03 pm
Gautam Adani said Tuesday that he had given the "green light" to his firm's $12 billion coal project in Australia's northeastern Queensland state. "This is the largest single investment by an Indian corporation in Australia, and I believe others will follow with...
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Shenhua, China Guodian Said to Mull $267 Billion Power Giant
June 4, 2017, 7:40 pm
Shenhua Group Corp., China’s biggest coal miner, and China Guodian Corp., one of the nation’s largest coal-fired power generators, are in merger discussions, according to people with knowledge of the matter. The talks are preliminary and the merger may not go ahead, said the...
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Coal's Future in India
June 2, 2017, 7:36 pm
The Indian trading house Adani Resources Ltd. has just reached an agreement with the Queensland government on royalty payments for the Carmichael coal mine, which the company is considering building in northeastern Australia. As one of the largest thermal coal mines in the world, it would...
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Coking coal price talks stall as steelmakers, miners spar on contract terms
June 1, 2017, 7:34 pm
Talks between Australian miners and Japanese steelmakers over coking coal supplies have stalled as the Japanese companies are pushing to move to more flexible arrangements from the current quarterly fixed-price terms. The Japanese are backed by BHP, the world's biggest producer of coking...
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Adani's Carmichael mine is coal's unintended game-breaker: Russell
May 31, 2017, 7:32 pm
The world's biggest planned coal mine is once again lurching toward the finish line as India's Adani Enterprises moves ahead with a final decision on its Carmichael project in Australia. Even if Adani does approve the $4 billion thermal coal and rail project in central Queensland state,...
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South Korea to suspend eight older coal-fired power plants to tackle pollution
May 29, 2017, 6:51 pm
South Korea will halt operations at eight of the country's older coal-fired power plants for a month in June as part of measures to tackle air pollution, the energy ministry said on Tuesday. New President Moon Jae-in earlier this month announced plans to temporarily shut operations at 10...
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Rio to reap an extra $804 million in Coal and Allied sale
May 25, 2017, 6:49 pm
Rio Tinto will secure up to $US600 million ($804m) above the value of its Hunter Valley coal assets in its $US2.45 billion Coal and Allied sale to Yancoal Australia, even without including a ­potential $US650m royalty, according to independent expert Ernst & Young. In the lead-up to...
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