The Adaro Blog

JPMorgan announces big moves to support environment, including ending loans to coal industry
February 26, 2020, 6:17 pm
JPMorgan Chase pledged on Tuesday to facilitate $200 billion in environmental and economic development deals and will pull back from advising and lending to the coal-mining industry. The new targets, disclosed in presentations for the New York-based bank’s annual investor day, mark an...
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Indonesia could lose coal buyers over regulation mandating use of local ships: APBI
February 24, 2020, 7:10 pm
Indonesian coal miners may lose buyers because of a regulation that requires coal exporters to only use domestic shipping companies and insurance services, experts have warned. The head of the marketing and logistics department at the Indonesian Coal Mining Association (APBI) Hendri Tan said...
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Mongolia to resume coal exports to China
February 21, 2020, 7:05 pm
Mongolia will resume coal exports to China on 3 March, restoring a key source of coking coal imports after a four-week halt. The border has been closed after a 10 February decision to halt all commodity border crossings in a bid to prevent a further spread of the coronavirus within...
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India: Potential investors seek more clarity on commercial coal mining norms
February 20, 2020, 6:56 pm
Potential private investors have sought more clarity on the pricing mechanism proposed for the much-anticipated auction for commercial coal mining. In three separate meetings with Union coal ministry officials, some industry personnel also pointed out that the efficiency parameters specified by the...
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Miners welcome Indonesia’s new jobs bill that could spur coal growth
February 19, 2020, 7:05 pm
Miners have welcomed proposed changes to Indonesian mining rules under a new law aimed at boosting investment, though critics are concerned that the changes could underpin an expansion in polluting coal and threaten environment protection. President Joko Widodo’s sprawling “Job...
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China thermal coal market faces two-three month coronavirus short squeeze: Noble
February 18, 2020, 6:54 pm
BAMBOLIM, Goa, India (Reuters) - China’s domestic thermal coal market faces a 2-3 month short squeeze as a rapidly spreading coronavirus outbreak curtails production more than demand, Noble Resources’ chief coal analyst said on Tuesday. The new virus, which originated in China, has...
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Coal’s Losing Steam as Supply Restarts, Virus Stifles Demand
February 17, 2020, 6:48 pm
(Bloomberg) -- Coal prices in China are back on the slide as local miners resume production, easing concern about tight supply and suggesting demand is a bigger wild card as the world’s top market tries to contain a coronavirus outbreak. Futures on the Zhengzhou exchange have fallen for...
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Indonesia faces thermal coal loading delays amid vessel quarantines: sources
February 14, 2020, 6:27 pm
Singapore — The loading of coal cargoes onto vessels in the Kalimantan archipelago could experience slight delays in the near-term amid lingering concerns over the spread of coronavirus or COVID-19, sources said Friday. A south China-based trader told S&P Global Platts that workers...
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Coal India keeps raising output targets
February 12, 2020, 6:35 pm
CIL's 2019-20 coal output is forecast at around 610mn t against a targeted 660mn t, a senior company executive told Argus after the release of the company's latest quarterly financial results yesterday. Despite the looming miss for 2019-20, CIL will aim for output of 710mn t in...
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EIA expects 2020 US coal output to fall 13.7% on year: STEO
February 11, 2020, 6:25 pm
Houston — US coal production is forecast to be about 596 million st in 2020, down 13.7% from the estimated 2019 output of 690 million st, data from the Energy Information Administration's Short-Term Energy Outlook showed Tuesday. The EIA projects output of about 587 million st for...
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