The Adaro Blog

Vietnam's coal-fired power may double by 2030 under draft energy plan
October 15, 2021, 6:41 pm
Vietnam may double the amount of coal-fired electric generation it installs by 2030 under a draft power development plan submitted to the prime minister for approval this week. The draft plan guarantees that Vietnam will become more reliant on coal to power its fast-growing economy at a time...
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Coking coal beats iron ore to top spot for most expensive steelmaking input
September 22, 2021, 4:57 pm
Coking coal has surpassed iron ore to become the most expensive raw material input for steel makers, following a blistering rally in prices in the recent weeks, an analysis by S&P Global Platts showed. Global steel mills from East Asia to India, Europe and Brazil have been scrambling to...
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China and India send coal prices soaring amid green-energy push
September 15, 2021, 2:23 pm
The price of thermal coal used to generate electricity is nearing a record high as surging demand in China and India collides with a reluctance to invest in new capacity in a world heading for decarbonization. While coal is sometimes called the least-loved commodity because of carbon emissions,...
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Asia's coal prices hit new highs as global utilities scramble for fuel
September 7, 2021, 5:04 pm
Thermal coal prices across Asia hit new highs this week as China and India restock critically low inventories to meet robust power consumption, industry sources said. The most-traded thermal coal futures contract on the Zhengzhou Commodity Exchange jumped more than 4per cent on Tuesday to a...
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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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