The Adaro Blog

US weekly coal production reaches year high, totals 15.9 million st: EIA
December 27, 2018, 7:56 pm
Houston — Weekly US coal production totaled 15.9 million st in the week ended December 22, reaching the 2018 peak in weekly production unless the final week of the year tallies higher, data from the US Energy Information Administration showed Thursday. This was the largest weekly...
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Global Coal Demand Set To Remain Stable Through 2023 Despite 2018 Increase
December 26, 2018, 7:51 pm
Despite the fact that global coal demand is expected to rise for a second year in a row in 2018, the International Energy Agency nevertheless believes that coal demand will remain somewhat net-stable through 2023 due primarily to declines in Europe and North America being offset by strong growth in...
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Investors Are Turning Their Back On Coal
December 24, 2018, 7:47 pm
The net zero carbon emissions movement has finally entered the mainstream for investment professionals. Despite a U.S, delegation declaring its intention to burn more fossil fuels at an environmental conference in Poland, sounding like the energized, fossil fuel advocate and former Alaska governor...
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Investors push power companies to end coal use by 2030
December 20, 2018, 7:14 pm
Investors overseeing more than $11tn in assets, including Schroders, Legal & General Investment Management and two of the biggest US pension funds, have called on power companies to commit to ending coal use by 2030 and spell out preparations for a global shift towards low-carbon fuels. In a...
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Mitsubishi exits thermal coal sector, sells stakes in Australia mines
December 18, 2018, 7:37 pm
TOKYO (Reuters) - Japan’s Mitsubishi Corp said on Tuesday it will sell its stakes in two Australian thermal coal mines for A$750 million ($539 million), a move that means its exit from upstream thermal coal amid growing pressure from environmental activists. The stake sales comes as a...
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Indonesia coal output seen nearly 500 million T in 2019: Industry body
December 18, 2018, 7:35 pm
JAKARTA: Indonesia is expected to produce between 480 million tonnes and 500 million tonnes of thermal coal in 2019, and an estimated 500 million tonnes this year, a leading industry association told reporters on Tuesday. "There is a possibility that output next year will be flat,"...
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Coal demand will remain steady through 2023, International Energy Agency says
December 17, 2018, 7:33 pm
Coal consumption is expanding after two years of decline, but miners should brace for another period of sluggish growth, according to the International Energy Agency. In its latest annual report, the IEA forecasts global coal demand will remain essentially stable over the next five years,...
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India's coal output up 10% to 156 MT during Apr-Nov
December 10, 2018, 6:42 pm
New Delhi: India's coal import rose 9.7 per cent to 156.08 million tonnes (MT) in the April-November period of the ongoing fiscal, as against 142.25 MT in the corresponding months a year ago, according to mjunction services Ltd, a joint venture between Tata Steel and SAIL. Coal imports in...
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Coal India touches 52-week low after promoter sells 2.2% stake in co
December 7, 2018, 7:18 pm
Shares of Coal India touched 52-week low of Rs 237.60, down 1.2 percent intraday Friday after promoter sold its stake in the company. The President of India, acting through the Ministry of Coal, Government of India, (Promoter) has sold 13,73,11,943 (2.21 percent) equity shares of Coal India to...
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Trump promised to rescue the coal industry. But he can't
December 5, 2018, 6:31 pm
New York (CNN Business)The Trump administration attempted a daring rescue of the coal country, but the pro-coal agenda is failing to jump-start a renaissance — and analysts don't see one on the horizon. Despite trying for nearly two years to prop up coal by rolling back climate...
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