The Adaro Blog

Forget About Peak Oil - We Haven’t Even Reached Peak Coal Yet
August 3, 2021, 2:29 pm
Despite all the heavy dissemination of narratives and talking points about a “climate emergency” and the “energy transition” during 2021, the ongoing economic recovery from the COVID-19 pandemic proves that the world still heavily relies on fossil fuels to provide its...
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If coal is dead, then why are ships so full of it?
July 27, 2021, 4:57 pm
Amid all the talk of global warming, climate change-induced catastrophes, decarbonization and green finance, the global trade in “dirty” coal is enjoying an ironic renaissance. Bulk ships are busy transporting coal to Asia — and to eco-conscious Europe — boosting freight...
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Energy Ministry: Indonesia's Coal Reserves Estimated to Last About 65 Years
July 27, 2021, 4:49 pm
The Energy and Mineral Resources (ESDM) Ministry’s Mineral and Coal Director-General Ridwan Djamaluddin said Indonesia still has large coal reserves of 38.84 billion tons. “We still have about 60 to 65 years to go of our [coal] reserves,” said Ridwan in the...
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China’s Heat Wave Is Pushing Coal Prices Toward Record Level
July 16, 2021, 3:10 pm
A heat wave across some of China’s biggest industrial provinces has pushed local electricity consumption to unprecedented levels, sending thermal coal futures toward record highs. The power load in the eastern province of Zhejiang near Shanghai surpassed 100 million kilowatts per hour on...
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Coal expected to remain dominant source of power in the coming decade - Fitch Solutions
June 11, 2021, 5:08 pm
Coal is expected to remain the dominant source of power for most of Southeast Asia and Australia in the coming decade, at least, and Fitch Solutions Country Risk and Industry Research says that will support the mining of coal and coal trade in the region. Coal currently remains the most...
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Indonesia to retire coal-fired power plants while also adding more
June 10, 2021, 9:43 am
Indonesia’s state-owned utility says it will start shutting down coal-fired power plants and phase them all out by 2055, amounting to 50 gigawatts of capacity. At the same time, it’s building 21 GW of new coal plants that will have an operating life until 2065 — a...
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Coal Hits A Three-Year High Despite China Trying To Control Prices
June 8, 2021, 11:43 am
Commodity prices buffeted by the Chinese government’s crackdown on speculative trading are reversing losses made earlier this week with coal leading the way up. Thermal coal used to produce electricity rose above $100 a ton on Monday and was last trading at $106/t, the highest in three...
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Indonesia June coal benchmark price up 11.8%; highest in over two years
June 3, 2021, 4:01 pm
Indonesia set its coal benchmark price higher in June at $100.33 per tonne, the country's energy and minerals ministry said in a statement on Wednesday, driven by strong demand from China. This is $10.59, or 11.8%, more than May's benchmark price for coal and the highest since October...
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Global seaborne coal trade in 2021 to grow more than 5% after 2020 slump: Assocarboni
May 18, 2021, 4:00 pm
Global seaborne coal trade volumes in 2021 are expected to grow more than 5% from 2020, with a further increase seen for 2022 despite decarbonization programs, Assocarboni, the General Association of Coal Operators, forecast May 10. “Seaborne trade will start to grow again: a 5% increase...
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China's US coal imports jump 748% in Q4'20 amid Australian trade dispute
February 24, 2021, 9:47 am
China emerged as one of the top importers of U.S. coal in the fourth quarter of 2020 as the country banned Australian coal from entering its territories amid diplomatic tensions. U.S. coal exports in the three-month period totaled 17.4 million tonnes, down 7.3% year over year but 25.1% higher...
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