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Coal’s Heyday At $100 a Ton Passes in Europe With Curbs on Its Use
Rabu, 02 Januari 2019 / 18:42 WIB
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...
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Miners Cut Back in Largest U.S. Coal Region
Senin, 31 Desember 2018 / 19:54 WIB
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...
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Coal production expected to exceed this year's target
Jumat, 28 Desember 2018 / 19:43 WIB
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...
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US weekly coal production reaches year high, totals 15.9 million st: EIA
Kamis, 27 Desember 2018 / 19:56 WIB
Houston — Weekly US coal production totaled 15.9 million st in the week ended December 22, reaching the 2018 peak in weekly production unless the final week of the year tallies higher, data from the US Energy Information Administration showed Thursday. This was the largest weekly...
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Global Coal Demand Set To Remain Stable Through 2023 Despite 2018 Increase
Rabu, 26 Desember 2018 / 19:51 WIB
Despite the fact that global coal demand is expected to rise for a second year in a row in 2018, the International Energy Agency nevertheless believes that coal demand will remain somewhat net-stable through 2023 due primarily to declines in Europe and North America being offset by strong growth in...
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Investors Are Turning Their Back On Coal
Senin, 24 Desember 2018 / 19:47 WIB
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...
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Investors push power companies to end coal use by 2030
Kamis, 20 Desember 2018 / 19:14 WIB
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. In a...
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Mitsubishi exits thermal coal sector, sells stakes in Australia mines
Selasa, 18 Desember 2018 / 19:37 WIB
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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Indonesia coal output seen nearly 500 million T in 2019: Industry body
Selasa, 18 Desember 2018 / 19:35 WIB
JAKARTA: Indonesia is expected to produce between 480 million tonnes and 500 million tonnes of thermal coal in 2019, and an estimated 500 million tonnes this year, a leading industry association told reporters on Tuesday. "There is a possibility that output next year will be flat,"...
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Coal demand will remain steady through 2023, International Energy Agency says
Senin, 17 Desember 2018 / 19:33 WIB
Coal consumption is expanding after two years of decline, but miners should brace for another period of sluggish growth, according to the International Energy Agency. In its latest annual report, the IEA forecasts global coal demand will remain essentially stable over the next five years,...
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