The Adaro Blog
Adaro maintains coal production target for 2019
February 12, 2019, 7:47 pm
Publicly listed coal miner PT Adaro Energy on Monday released its operation guidance for 2019, which maintained the production target at between 54 million and 56 million tons of coal after it produced 54.04 million tons last year.
The EBITDA [earnings before taxes, depreciation and...
Aust thermal coal prices hit slump
February 8, 2019, 7:22 pm
Australian thermal coal prices have fallen to their lowest since April 2018 as a slowdown in Chinese imports dents demand for the commodity.
Spot cargo prices for Australian thermal coal exports from the port of Newcastle were last settled at $US95.75 per tonne, the lowest since a spike in April...
Indonesia’s coal price reference set at $91.8 per ton in February
February 7, 2019, 7:20 pm
The government has set Indonesia’s coal price reference (HBA) for February at US$91.8 per ton, 0.6 percent lower than the reference in January of $92.41 per ton, in response to China and India’s ongoing protection policies.
“Both countries will intensify the use of domestic...
These countries are driving global demand for coal
February 6, 2019, 7:17 pm
While some countries are closing fossil-fuel power plants and shifting policy towards cleaner energy sources, others are upping the contribution of coal to their power sectors.
A recent analysis of the global coal industry by the International Energy Agency highlights the growing number of...
Germany's Merkel signals support for 2038 coal exit deadline
February 5, 2019, 7:13 pm
TOKYO (Reuters) - German Chancellor Angela Merkel said on Tuesday that her country would withdraw from coal-fired power production by 2038, showing her support for the deadline recommended by a government-appointed commission.
The so-called coal commission said last month that Germany should...
Coal still in high demand globally
February 1, 2019, 7:36 pm
CAPE TOWN – Although the world is switching to renewable energy there is still a big demand for coal around the globe.
This is according to Canyon Coal’s executive chairperson, Vuslat Bayoglu speaking at the 14th Annual Southern African Coal Conference at the Westin Hotel...
Germany would end coal use by 2038 under new plan
January 28, 2019, 7:13 pm
BERLIN — In a pioneering move, a German government-appointed panel has recommended that Germany stop burning coal to generate electricity by 2038 at the latest, as part of efforts to curb climate change.
The Coal Commission reached a deal early Saturday following months of wrangling that...
Coal Isn't Dead. China Proves It.
January 23, 2019, 7:05 pm
For demand, too many confuse the crucial difference between "growing less slowly" or remaining "buoyantly very high" versus "shrinking" or "declining." Similar to U.S. oil demand, China's coal consumption aligns with the first two. While it could indeed...
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