The Adaro Blog

Energy ministry remains firm on DMO policy for coal
July 31, 2018, 6:56 pm
The Energy and Mineral Resources Ministry has stressed that it will not cancel its policy on the domestic market obligation (DMO) for coal, as the government wants to ensure supply of the commodity to meet domestic demand. “It is unlikely that the domestic market policy on coal sales will...
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Indonesia pushes back coal, palm oil insurance rules to Feb 2019
July 27, 2018, 6:24 pm
JAKARTA: Indonesia's trade ministry has decided to postpone for six months the application of rules requiring coal and crude palm oil export shipments to use Indonesian insurance, ministry officials said. Indonesia is the world's biggest exporter of thermal coal and palm oil. The...
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India coal imports surge in July, despite advancing prices
July 26, 2018, 7:14 pm
LAUNCESTON, Australia (Reuters) - India’s coal imports appear to have surged in July and may even come close to a monthly record as it grapples with domestic transport woes and rising demand for electricity. Coal imports are on track to reach 19.7 million tonnes in July, according to...
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India's thermal coal imports rise over 14 pct in Q2 - trader
July 24, 2018, 6:52 pm
NEW DELHI, July 24 (Reuters) - India’s thermal coal imports rose by more than 14 percent in the second quarter of 2018 from a year earlier, putting the energy-hungry nation on track for a rise in annual imports after two straight years of decline. Indian imports rose to 43.4 million tonnes...
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India's Adani sees six-fold rise in coal mining volume despite challenges in Australia
July 24, 2018, 11:54 am
(Reuters) - India’s Adani Group expects an over six-fold rise in coal mining volumes by the end of fiscal year 2021, an executive said on Tuesday, despite its struggle to develop a coal project in Australia. The resources conglomerate is looking to buy mines in countries such as Indonesia...
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Japan's Nippon Life to stop financing coal-fired power
July 23, 2018, 6:43 pm
[TOKYO] Nippon Life Insurance Co will no longer extend loans for, or invest in, coal-fired power plants due to environmental concerns, an official at Japan's biggest life insurer said, in the first such move by a major Japanese institutional investor. Japanese banks in recent months have...
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Tohoku Electric Power still to agree Japanese financial year term contract coal price with major supplier
July 20, 2018, 6:42 pm
Singapore — Japan's traditional lead negotiator for the Japanese coal reference price, Tohoku Electric Power, confirmed Friday that it has not agreed a benchmark price with Glencore for shipments of its Newcastle 6,300 kcal/kg GAR thermal coal over the Japanese financial year starting...
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Anglo American says total production up 6%, driven by copper, coal
July 19, 2018, 6:31 pm
JOHANNESBURG – Multinational mining company Anglo American on Thursday reported a six percent increase in total production on a copper equivalent basis in the second quarter of 2018, compared to the same period last year. CEO Mark Cutifani said the company had delivered a strong...
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Templeton, BlackRock Say Now's the Time to Buy Emerging Markets
July 18, 2018, 6:56 pm
Emerging markets are poised to rally after more than $7 trillion in stocks slid into bear territory, according to three of the world’s largest money managers. Strategists and investors from Goldman Sachs Group Inc., Franklin Templeton Investments and BlackRock Inc. say cheap prices, rising...
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Coal to provide majority of Australia's power for 20 years: report
July 17, 2018, 7:05 pm
CANBERRA, July 17 (Xinhua) -- Australia's independent energy market operator has called on the nation's coal-fired power plants to operate for at least 20 more years. In a report commissioned by the Coalition of Australian Government (COAG) and the Australian Energy Market Operator...
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