The Adaro Blog

Coal-dependent Chile vows to eradicate fuel by 2040
June 4, 2019, 8:04 pm
Chile vowed to go carbon neutral by 2050 on Tuesday, in a proposal hailed by experts as one of the most ambitious yet for a coal-dependent economy. The host of the next UN climate talks in December president Sebastian Piñera pledged to close eight of the country’s 28 coal-fired...
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Europe ‘watershed’ as green energy set to overpower coal
June 3, 2019, 6:39 pm
The European energy sector has reached a “watershed” where cheaper, clean energy will destroy the economic viability of coal production within a decade, says the head of Europe’s largest power utility. Francesco Starace, chief executive of Enel, said the increasingly lower...
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Analysis: Australian thermal coal producers eye switch on wider semi-soft coking coal-thermal spread
May 31, 2019, 8:46 pm
Singapore — A widening spread between Newcastle semi-soft coking coal (SSCC) and thermal coal prices is creating incentives for Australian coal producers with coal-washing facilities to turn thermal coal into SSCC, although the current flat demand from Asian steel mills may dampen exports,...
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China expects to hit 2020 coal cap targets; demand overshadows
May 29, 2019, 7:16 pm
BEIJING, May 29 (Reuters) - China expects to achieve its national coal consumption cap targets in 2020, but the country's aggressive goals could be tempered due to solid demand from power, steel and petrochemical industries, a government-backed study showed on Wednesday. China is the...
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Indonesia, China coal associations tie up to boost cooperation in coal mining sector
May 28, 2019, 7:41 pm
Singapore — The Indonesian Coal Mining Association and China National Coal Association have signed a memorandum of understanding in Jakarta to strengthen cooperation in the coal mining sector. "The collaboration framework is certainly in line with the government's efforts to...
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Adani's coal hopes look increasingly isolated as BHP joins naysayers: Russell
May 23, 2019, 8:34 pm
LAUNCESTON, Australia, May 23 (Reuters) - How’s this for a study in contrasts: One of the world’s biggest coal miners effectively says the industry is dying just days after Australia’s opposition party suffered a shock election loss, partly blamed on its failure to unambiguously...
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BHP warns investors coal could be phased out 'sooner than expected'
May 22, 2019, 8:31 pm
BHP is looking to add more oil, copper and nickel resources to its portfolio, while souring on thermal coal because it thinks the fossil fuel will be phased out, “potentially sooner than expected”. BHP’s chief financial officer, Peter Beaven, told investors and analysts in a...
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In coal we trust: Australian voters back PM Morrison's faith in fossil fuel
May 20, 2019, 7:32 pm
MELBOURNE (Reuters) - Australia’s re-elected Prime Minister Scott Morrison once brandished a lump of coal in parliament, crying, “This is coal - don’t be afraid!” His surprise win in what some dubbed the ‘climate election’ may have stunned the country, but voters...
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Low-CV Indonesian physical coal prices edge lower
May 17, 2019, 8:03 pm
There were further signs that the low-calorific value (CV) Indonesian physical coal market was coming under pressure today, with bids and offers starting to edge lower amid weaker demand from key buyers China and India. The actively traded GAR 4,200 kcal/kg (NAR 3,800 kcal/kg) market saw an...
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China caps capacity at coal mines at risk for 'bumps'
May 16, 2019, 8:08 pm
BEIJING (Reuters) - China’s National Coal Mine Safety Administration said it has set a production cap of 8 million tonnes of coal a year for each mine deemed to be at risk from so-called “bumps”. As part of the measure to improve safety, capacity expansion on such mines will...
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