The Adaro Blog

After 2016 Squeeze, Some Top China Banks Set For Stronger Growth
March 31, 2017, 3:48 pm
Improving asset quality and rising loan demand could see some of China's biggest listed banks bolster their profit growth this year, bankers signaled this week, even as interest margins remain under pressure and more bad loans are written off. "The trend is promising," Yi Huiman,...
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Australia's Dirtiest Coal Plant Closes, Energy Crisis Deepens
March 30, 2017, 3:46 pm
The doors to Australia's dirtiest power station will close permanently on Friday after 50 years, amping up pressure on a government desperate to avoid the kind of embarrassing blackouts that hit chunks of the country during a recent savage heatwave. France's Engie SA is pulling the plug...
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Asia's Coal Markets Tighten on Indonesia Port Probe, Australian Cyclone
March 29, 2017, 3:41 pm
Port disruptions in Indonesia and a cyclone hitting mines in Australia have tightened Asia's coal markets in March, while demand in China and other key import markets remains strong, lifting prices. Prompt thermal coal cargo prices for export from Australia's Newcastle port have risen by...
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Germany Converting a Huge Coal Mines Into Giant Renewable Battery
March 24, 2017, 3:38 pm
A German coal mine will be converted into giant “battery station” to store enough renewable energy to power some 400,000 homes. The Prosper-Haniel pit in the state of North Rhine Westphalia near the Dutch border, has produced the fossil fuel for almost half a century. But now it...
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Making Coal Competitive Again
March 23, 2017, 3:20 pm
The March 19 Business article “Coal in the Trump age ” rushed to accentuate the negatives for an industry that is recovering from a multiyear trough. The coal sector has been devastated by lower demand and job loss in recent years as regulations have significantly increased the cost of...
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China kickstarting new coal boom in Pakistan
March 17, 2017, 3:19 pm
Chinese investments are speeding up new coal developments in the Thar region of Pakistan, despite local water scarcity and pollution and an abundance of solar energy potential. The CEO of Sindh Engro Coal Mining Company (SECM), Shamsuddin Ahmad Shaikh, said on Thursday that with government and...
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Anglo's South African Coal Bidders Said to Consider Listings
March 14, 2017, 3:13 pm
The two main bidders for Anglo American Plc’s South African coal mines plan to list their companies if they are successful in buying the operations, according to three people familiar with the plans. Phembani Group, founded by MTN Group Ltd. Chairman Phuthuma Nhleko, and Masimong Minerals...
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Indonesia's March HBA Thermal Coal Price Falls 2% On Month
March 7, 2017, 3:06 pm
Indonesia's Ministry of Energy and Mineral Resources set its March thermal coal reference price, also known as Harga Batubara Acuan or HBA, at $81.90/mt, down 1.7% from February, but up about 58.7% from a year ago. The ministry had set the price for February at $83.32/mt and the March 2016...
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Indonesia's Adaro Sees Coal Prices, Demand Improving in 2017: CEO
March 2, 2017, 3:03 pm
Jakarta. The chief executive of Adaro Energy, Indonesia's biggest coal miner by market capitalization, said thermal coal prices have bottomed and will increase in 2017 along with rising import demand from China and Southeast Asia. Cargo prices for Australian thermal coal from Newcastle ,...
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Indonesia: Coal miner will benefit from rising coal prices in 2017
March 1, 2017, 2:59 pm
With low coal prices early this year, coal miner PT Indo Tambangraya Megah (ITMG) managed to chart growth last year and therefore, analysts estimate that the company may maintain its growth. According to data from Bloomberg, coal prices listed in ICE Futures Europe as per export contracts in...
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