The Adaro Blog

Natgas overtakes coal as top U.S. power source in September
December 2, 2015, 1:49 pm
Natural gas surpassed coal in September as the leading U.S. power source for the fourth time in history, according to federal energy data – with all four milestones being hit this year. Gas overtook coal as a power source in April, July, August and September because gas prices were lower...
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Costly ‘cleaner’ coal fights for space in emissions debate
November 30, 2015, 1:51 pm
The global coal industry is trumpeting “cleaner coal” technology to fight bubbling competition from renewable energy, but the high costs of greener plants are proving a major obstacle in selling them to power-hungry countries such as India. The challenges are highlighted by the...
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IS NEWCASTLE THERMAL COAL NOW IN THE MIDDLE OF ITS WINTER OF DISCONTENT?
November 27, 2015, 1:52 pm
Spot prices for 6,000 NAR grade Newcastle thermal coal are sitting at a decade low of about $50/mt FOB. High-ash 5,500 NAR prices are 35% below their four-year average. Is the worst over for the Newcastle thermal coal market? In this video, Platts senior editor for coal Michael Cooper looks at how...
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Peabody Energy to sell New Mexico, Colorado assets for $358 million
November 24, 2015, 1:54 pm
Peabody Energy Corp said it had agreed to sell its New Mexico and Colorado coal assets to Bowie Resource Partners LLC for $358 million in cash. Bowie will also assume about $105 million in related liabilities, Peabody said on Friday. Bowie, which confirmed the deal later in the day, said the...
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BOWIE SAYS ACQUISITION TO MAKE IT LARGEST US WESTERN COAL BITUMINOUS PRODUCER
November 24, 2015, 1:53 pm
Houston (Platts)–23 Nov 2015 353 pm EST/2053 GMT Bowie Resource Partners will become the US’ largest Western bituminous coal producer following a deal with Peabody Energy, according to the company. The Louisville, Kentucky-based company expects the $358 million acquisition to...
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Why Analysts Remain Positive on Coal India Despite Earnings Miss
November 21, 2015, 1:55 pm
Coal India shares outperformed on Wednesday, rising nearly 1 per cent to Rs 335 against over 1 per cent drop in the broader Nifty. Coal India has seen consistent buying over the last two weeks, despite weakness in the broader markets. A number of brokerages continue to be optimistic about Coal...
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Solar short of modi’s target seen cutting coal’s market in India
November 18, 2015, 1:59 pm
New Delhi: The steadily declining cost of solar panels will cut in on coal’s dominance in the electricity industry in India as photovoltaic installations surge to reach Prime Minister Narendra Modi’s target, KPMG said. The consulting firm estimated the cost of solar generation may...
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No end to coal despite deal at climate summit
November 16, 2015, 1:41 pm
IT IS tempting to take the champagne-fuelled view that the historic global climate agreement reached in Paris signals the death of coal, but even if the dirty fuel is terminal, it will be a long, lingering demise before the final hacking cough. This is simply because coal is, and will remain for...
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EU to urge rich nations to cut coal subsidies
November 13, 2015, 2:00 pm
European Union negotiators will push other rich countries next week for a robust deal to phase out subsidies for exports of technology used to build coal-burning power plants, EU sources said. Upcoming talks at a Paris meeting of the Organization for Economic Cooperation and Development (OECD)...
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Want to Burn Coal and Save the Planet? Japan Touts a Solution
November 9, 2015, 2:01 pm
By Chisaki Watanabe (Bloomberg) — For all the talk of a solar boom in Japan, coal still has a future there, and potentially a big one at that. Japan’s government and industry are backing emerging coal technologies they say are less damaging to the...
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