Last week, the Indonesian economy surprised observers and policymakers alike with its strongest growth in the last ten quarters. But for Michael Hasenstab, the chief investment officer at global fund manager Franklin Templeton Investments, that may be just a small vindication for a long-held...

JAKARTA – Indonesian coal giant Adaro Energy is challenging the handful of companies that dominate the country’s power generation with an ambitious plan to build 5,000 megawatts of capacity by 2019, searching for a new growth driver amid sluggish coal demand. Indonesia is...

Coal supplier PT Indo Tambangraya Megah (ITM) Tbk (ITMG) is setting aside $300 million for mining acquisitions and capital expenditure this year. The company is currently studying about ten coal mines in the country. “We are already in the process of due diligence to acquire some of these...

The Energy and Mineral Resources Ministry should make changes to a ministerial regulation on coal prices for mine-mouth power plants to appease both the government and state-owned electricity company PLN, the National Exploration Committee (KEN) has said. The ministry and PLN have been at...

Singapore (Platts)–2 Aug 2016 253 am EDT/653 GMT Indonesian miner Adaro Energy said thermal coal production was nearly flat year on year at 25.86 million mt in the first half of 2016, even as its sales volume rose 2% in the same period. The miner produced 13.23 million mt in the second...

BEIJING, July 31 (Xinhua) — Deepening fundamental reforms of China’s state-owned enterprises (SOEs) is key to cutting industrial overcapacity, according to experts. The view echoes a statement released by the Political Bureau of the Communist Party of China Central Committee after a...

In a reversal from the decline since 2011, thermal coal prices have shown some stability in 2016. The price of the benchmark Australian Newcastle 6000 kcal/kg (FOB) thermal coal went up from $49 to about $60, per tonne during January-July 2016. The Chinese government’s clamp-down on domestic...

China set up an asset-management company to reduce coal overcapacity at a time when the country is seeking to encourage consumption of cleaner fuels. The new company will include coal miners China Shenhua Group Corp. and China National Coal Group Corp. as well as asset-management companies China...

MANILA, July 21 (Reuters) – The Philippines’ coal consumption could grow by more than 1 million tonnes annually until 2020 as it expects to switch on more coal-fired power plants to support its economy, the head of a local industry group said on Thursday. The Southeast Asian...

Thermal coal prices could get a further boost this year from potentially continuing weather-related disruptions to Indonesian and Australian production and ongoing industry reforms in China, analysts at Morgan Stanley said in a note. Thermal coal prices have been on the rise in recent months...