The Adaro Blog

China coal power building boom sparks climate warning
September 26, 2018, 6:22 pm
The research, carried out by green campaigners CoalSwarm, suggests that 259 gigawatts of new capacity are under development in China. The authors say this is the same capacity to produce electricity as the entire US coal fleet. The study says government attempts to cancel many plants have...
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Adaro Energy (ADRO) ingin memperbesar bisnis coking coal
September 24, 2018, 3:50 pm
KONTAN.CO.ID - JAKARTA. Sebagai perusahaan tambang batubara, PT Adaro Energy Tbk (ADRO) tak hanya fokus di bisnis thermal coal, tapi juga coking coal atawa kokas. “Jadi yang tadinya cuma thermal, sekarang ada coking coal juga yang digunakan khusus untuk bahan baku steel," ujar...
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U.S. private equity firm launches Coronado Coal IPO in Australia
September 24, 2018, 3:17 pm
SYDNEY, Sept 24 (Reuters) - U.S. private equity firm Energy and Minerals Group (EMG) on Monday kicked off its planned float of Coronado Coal Group in Australia, seeking to raise up to A$1.3 billion ($946.1 million) for 30 percent of the group. The float will give the company an enterprise value...
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Peabody Energy to buy Alabama coal mine for $400 million
September 21, 2018, 3:16 pm
US coal producer Peabody Energy (NYSE: BTU), the world's largest privately owned producer of the fossil fuel, said Friday it had agreed to buy Shoal Creek metallurgical coal mine in central Alabama from Drummond Co. for $400 million. Located on the Black Warrior river, the mine serves the...
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European coal market struggles with surge of off-spec flows
September 20, 2018, 3:13 pm
London — The European thermal coal market was struggling with close to record high stockpiles at the key Amsterdam-Rotterdam-Antwerp hub, as an increased volume of off-spec coals flowed into the region, sources said Thursday. European utilities have been blending off-spec coals for many...
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Japan's Marubeni to halve coal-fired power capacity by 2030
September 18, 2018, 3:09 pm
TOKYO (Reuters) - Japan’s Marubeni Corp said it would no longer start new coal-fired power plant projects and will halve its net coal power generating capacity of about 3 gigawatts (GW) by 2030 to cut greenhouse gas emissions and tackle global climate change. “As a general principle,...
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SouthAfrica's Eskom has coal shortages at 10 power plants - spokesman
September 17, 2018, 7:06 pm
JOHANNESBURG, Sept 17 (Reuters) - South African power utility Eskom said on Monday that it had fewer than 20 days of coal supplies at 10 of its 15 coal-fired power stations, posing a threat to national power supplies. A company spokesman said a major supplier, owned by the Gupta family, had cut...
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Coal is still king in 18 US states. But for how long?
September 14, 2018, 7:11 pm
Even though black gold has been in steep decline, it's still the most-used electricity generation source in 18 US states, according to government statistics published this week. Not even natural gas, a rapidly growing and cleaner burning fuel, leads in that many states. The numbers...
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US coal production totals 14.1 million st, down 9.4% on week: EIA
September 13, 2018, 7:08 pm
Houston — Weekly US coal production totaled an estimated 14.1 million st in the week ended September 8, down 9.4% from the prior week and down 5.4% from the year-ago week, US Energy Information Administration data showed Thursday. The biggest drop in production in the most recently...
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Why Asia needs a new thermal coal price benchmark
September 12, 2018, 7:06 pm
When analysts and investors talk about thermal coal they are usually referencing the price of high grade material shipped from Newcastle, a port on Australia’s east coast. For years this product, which is burnt in power stations to generate electricity, had been viewed as benchmark for the...
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