The Adaro Blog
January’s coal reference price down 0.1 percent
January 4, 2019, 6:46 pm
The government revised down the Indonesian coal reference price to US$92.41 per ton in January, 0.1 percent lower than the price in the previous month, which was $92.51 per ton.
Energy and Mineral Resources Ministry spokesperson Agung Pribadi said the revision was in response to China's new...
Coal’s Heyday At $100 a Ton Passes in Europe With Curbs on Its Use
January 2, 2019, 6:42 pm
Coal’s three-year run of blistering gains in Europe is set to end, clobbered by a combination of weakening demand and energy polices aimed at phasing out the dirtiest fossil fuel.
After prices more than doubled since 2016 as Asian importers drove demand, coal is expected to fall more than...
Miners Cut Back in Largest U.S. Coal Region
December 31, 2018, 7:54 pm
Miners in the nation’s largest coal-producing region are leaving more of the fossil fuel in the ground as prices fall for alternatives, including natural gas, and demand erodes from power-generation customers.
Coal production from the Powder River Basin, an arid region spread over parts of...
Coal production expected to exceed this year's target
December 28, 2018, 7:43 pm
Indonesian coal production reached 456 million tons up to Thursday or 94.02 percent of this year’s total target of 485 million tons, according to Energy and Mineral Resources Ministry data.
The ministry’s spokesperson, Agung Pribadi, estimated that this year’s production would...
Investors Are Turning Their Back On Coal
December 24, 2018, 7:47 pm
The net zero carbon emissions movement has finally entered the mainstream for investment professionals. Despite a U.S, delegation declaring its intention to burn more fossil fuels at an environmental conference in Poland, sounding like the energized, fossil fuel advocate and former Alaska governor...
Investors push power companies to end coal use by 2030
December 20, 2018, 7:14 pm
Investors overseeing more than $11tn in assets, including Schroders, Legal & General Investment Management and two of the biggest US pension funds, have called on power companies to commit to ending coal use by 2030 and spell out preparations for a global shift towards low-carbon fuels.
Mitsubishi exits thermal coal sector, sells stakes in Australia mines
December 18, 2018, 7:37 pm
TOKYO (Reuters) - Japan’s Mitsubishi Corp said on Tuesday it will sell its stakes in two Australian thermal coal mines for A$750 million ($539 million), a move that means its exit from upstream thermal coal amid growing pressure from environmental activists.
The stake sales comes as a...
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