The Adaro Blog

Germany’s coal phase-out leaves €1.5bn power plant in doubt
February 25, 2019, 6:48 pm
Stepping inside the Datteln power plant in western Germany feels like entering a cathedral: the eye is drawn relentlessly upwards, towards a platform where workers are busy welding a 120m-tall furnace capable of burning 400 tonnes of coal an hour. Billed as the most modern and efficient...
Read More

Australia, China deny ban on coal imports amid tensions
February 22, 2019, 7:02 pm
SYDNEY: China and Australia on Friday (Feb 22) denied reports Australian coal was being blocked from entering the Asian country, with Canberra seeking to quell fears that worsening diplomatic tensions are damaging the nations' crucial trading relationship. Industry experts have noted...
Read More

Glencore, the world's biggest thermal coal exporter, is capping its output over climate concerns
February 21, 2019, 7:22 pm
Commodities giant Glencore on Wednesday said it will cap the amount of coal it produces each year, part of a broader plan to align its business with the global effort to prevent climate change. Glencore is the world's largest exporter of thermal coal, the kind burned in power plants and a...
Read More

China Delays Coal Imports From Australia
February 19, 2019, 7:28 pm
China has delayed customs clearance of coal imports from Australia by as long as 40 days, according to a leading industry body, raising speculation that the world’s biggest shipper of the commodity is being targeted at a time of strained relations between the two nations. Customs officials...
Read More

Chinese traders freeze Australian coal orders amid 40-day customs delays: sources
February 18, 2019, 7:13 pm
BEIJING/MELBOURNE (Reuters) - Chinese coal traders have stopped ordering Australian coal as clearing times through China’s customs have doubled to at least 40 days, according to major buyers in China and international coal merchants, resulting in a sharp fall in Australian prices. The...
Read More

US utility TVA votes to close two coal power plants, in blow to Trump
February 15, 2019, 8:07 pm
WASHINGTON: The Tennessee Valley Authority voted on Thursday to close two aging coal-fired power plants, including one supplied by a company led by a major supporter of President Donald Trump, who had urged the U.S.-owned utility to keep it open. "It is not about coal. This decision is...
Read More

Trump lobbies for coal-fired plant
February 13, 2019, 7:55 pm
President Donald Trump set up a new clash with an independent agency Monday with his call for the Tennessee Valley Authority to keep open an aging coal-fired plant that buys much of its coal from a company chaired by Robert Murray, one of the president's supporters. The TVA board will meet...
Read More

US coal production forecast to total 722 million st in 2019, down 4.3% on year: EIA
February 12, 2019, 7:51 pm
Houston — US coal production was forecast to total 722 million st in 2019, down 4.3% from 2018 production of nearly 755 million st, US Energy Information Administration data showed Tuesday. In 2020, the EIA predicts production of 682 million st, down 5.6% from 2019 expectations, according...
Read More

Adaro maintains coal production target for 2019
February 12, 2019, 7:47 pm
Publicly listed coal miner PT Adaro Energy on Monday released its operation guidance for 2019, which maintained the production target at between 54 million and 56 million tons of coal after it produced 54.04 million tons last year. The EBITDA [earnings before taxes, depreciation and...
Read More

Aust thermal coal prices hit slump
February 8, 2019, 7:22 pm
Australian thermal coal prices have fallen to their lowest since April 2018 as a slowdown in Chinese imports dents demand for the commodity. Spot cargo prices for Australian thermal coal exports from the port of Newcastle were last settled at $US95.75 per tonne, the lowest since a spike in April...
Read More

Page 31 of 113, showing 10 records out of 1127 total, starting on record 301, ending on 310