The Adaro Blog

Asia's coal developers feeling left out by cold shoulder from banks
June 25, 2019, 7:44 pm
NUSA DUA, Indonesia (Reuters) - Developers of coal mines and coal-fired power plants in Asia are facing difficulties growing their businesses as global financial institutions refuse to back their projects to avoid criticism over climate change, industry participants said on Tuesday. That is...
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China's May thermal coal import rises 35% on year as market activity picks up: GAC
June 24, 2019, 7:15 pm
China imported 20.68 million mt of thermal coal in May, up by about 19.3% from April and 34.8% from a year ago, according to the coal import data released by the General Administration of Customs on Sunday. According to the data, China imported 9.89 million mt of lignite in May, up 2.49% month...
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Indonesian firm to export coal to Bangladesh
June 20, 2019, 7:12 pm
Bangladesh is set to import coal for the first time for a power plant as part of efforts to diversify its fuel mix in the electricity generation sector. The Bangladesh-China Power Company signed a deal with an Indonesian firm in Dhaka on Sunday to import coal for the 1,320-megawatt coal-fired...
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Bumi Resources expects to sell 42 million tons of coal in first half
June 20, 2019, 7:09 pm
PT Bumi Resources (BUMI), Indonesia's largest thermal coal miner, expects to close the first half of this year with coal sales of 42 million tons, or 47 percent of its full-year target of 88-90 million tons. BUMI corporate secretary Dileep Srivastava said on Tuesday that the firm had sold 20...
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Coal India gains 2% as CLSA optimistic on volume growth and cost
June 18, 2019, 8:01 pm
Shares of country's largest coal miner Coal India gained 1.7 percent intraday on June 18 after global brokerage house CLSA said it is optimistic on company's volume growth and cost, although there is no visibility on price hikes yet. Company is optimistic on production growth despite...
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Thermal Coal Glut: Who Will Blink First?
June 17, 2019, 7:59 pm
Demand for thermal coal is falling, particularly in the Atlantic, as coal-to-gas switching has become a driver of demand destruction in Europe. Brokers note this has ramifications for the Pacific, as suppliers look to Northeast Asia to absorb the glut. Atlantic coal prices have not staged a...
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Hopes for climate progress falter with coal still king across Asia
June 15, 2019, 7:56 pm
The world’s largest sovereign wealth fund is preparing to leave fossil fuels behind. Last week, Norway’s parliament confirmed by unanimous vote that its $1tn sovereign wealth fund would dump $13bn of fossil fuel investments – and start investing billions in renewables. The move...
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Australia Seals Coal Commitment as Controversial Mine Approved
June 13, 2019, 7:49 pm
Australia has approved Adani Group’s controversial coal project that opens up a new mining region and puts the world’s biggest exporter further at odds with the global movement to phase out the fuel. The Carmichael mine, which has faced steady resistance by environmental groups since...
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Why embattled UK stockpicker may be a canary in the coal mine
June 10, 2019, 8:09 pm
This theory helped guide the asset management industry that burgeoned over the next half-century by balancing considerations of market risk and expected return. Over the generally booming markets of recent decades — notwithstanding the equities shocks of 2000 and 2008 — MPT has...
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G20 in Japan: Time for PM Abe to End Support for Coal Plants
June 6, 2019, 7:57 pm
Over 23,000 hospitalizations, outdoor pools too hot for swimming, construction workers wearing battery-powered fans to avoid heatstroke, and the deaths of 1,032 people—these were the direct consequences of the July 2018 heatwave in Japan, when temperatures reached 106 degrees Fahrenheit (41.1...
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