The Adaro Blog

As Delhi chokes, ministry says coal-fired plants need extra time to meet emission norms
January 10, 2020, 7:01 pm
NEW DELHI (Reuters) - India’s power ministry has asked for coal-fired power plants around New Delhi, the capital city with the worst air quality in the world, to be given more time to install equipment to reduce emissions, after the year-end deadline for action passed. A government...
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Indonesia to Use Up 12% More Coal This Year as New Mineral Smelters Start Operation
January 9, 2020, 5:20 pm
Jakarta. The Energy and Mineral Resources Ministry projects that domestic coal consumption will rise by 12 percent this year, thanks to additional demand from up to eight new mineral smelters. Indonesia is expected to use up 155 million tons of coal this year to fire up its power plants,...
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Indonesia sets Jan HBA thermal coal price at $65.93/mt, down 0.6% from Dec
January 8, 2020, 7:15 pm
Singapore — The Indonesian Ministry of Energy and Mineral Resources set its January thermal coal reference price -- also known as Harga Batubara Acuan, or HBA -- at $65.93/mt, down 0.6% on the month and down 28.7% on the year. Tightened Chinese import restrictions have limited any...
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Indonesia keeps coal domestic market obligation rules unchanged for 2020
January 7, 2020, 5:10 pm
JAKARTA, Jan 7 (Reuters) - Indonesia’s Energy and Mineral Resources Ministry has decided to keep coal domestic market obligation at 25% and the price cap at $70 per tonne in 2020, it said in a statement on Tuesday. Ministry officials last year said the government was considering lowering...
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China’s Shanxi Coking Coal leaves low sulfur premium HCC prices unchanged for Q1
December 31, 2019, 12:10 pm
China’s Shanxi Coking Coal Group Monday set its low sulfur premium hard coking coal prices for the first quarter of 2020 unchanged Monday from Q4. “No price change will be made to premium hard coking coal with a sulfur content below 1.3%, while a variety of price cuts between Yuan...
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Australian miners hit by lowest thermal coal price in more than a decade
December 30, 2019, 6:52 pm
Australian coal exporters have experienced the biggest annual drop in thermal coal prices in more than a decade during 2019, raising doubts about industry projections that demand will continue to grow. The spot price of thermal coal, which is burned to generate electricity, was US$66.20 ($95)...
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Misery Looms Over Top Coal Shippers as China to Buy Less in 2020
December 23, 2019, 5:51 pm
(Bloomberg) -- China isn’t cutting back on consumption of the most-polluting fossil fuel just yet, but it is set to reduce imports. The world’s biggest coal buyer will likely purchase less from overseas in 2020 after a boost this year, according to analysts. With domestic production...
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Goldman Sachs abandons coal as investors look to low-emissions future
December 20, 2019, 7:00 pm
But outside the talks, investors are voting with their dollars as money flees fossil fuels and migrates to clean energy. The policy shift at one of the world's biggest and most powerful investment banks is a sign of the times. This week, Wall Street behemoth Goldman Sachs announced it had...
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StanChart stops funding three S-E Asia coal plants worth US$7b
December 19, 2019, 7:08 pm
STANDARD Chartered has pulled financing for three coal-fired power plants in South-east Asia amid a global push to cut greenhouse gas emissions, throwing into doubt projects worth an estimated US$7 billion and piling pressure on the coal industry. Banks and investors are facing pressure from...
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Standard Chartered Exits Three SE Asia Coal Plants Worth Estimated £5.4 Billion
December 18, 2019, 6:34 pm
SINGAPORE — Standard Chartered has pulled financing for three coal-fired power plants in Southeast Asia amid a global push to cut greenhouse gas emissions, throwing into doubt projects worth an estimated $7 billion (£5.4 billion) and piling pressure on the coal industry. Banks and...
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