The Adaro Blog

When Paying $1 for Coal Power Plant Is Still Paying Too Much
March 12, 2019, 6:56 pm
One dollar. That’s how much an aging New Mexico coal plant is worth. And by some estimates, even that may be too much. Acme Equities LLC, a New York-based holding company, is in talks to buy the 847-megawatt San Juan Generating Station for $1, after four of its five owners decided to shut...
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China expands switch from polluting coal heating in 2018 -environment minister
March 11, 2019, 7:37 pm
BEIJING (Reuters) - China expanded its coal-to-gas and coal-to-electricity projects to 35 cities in 2018 from 12 cities the previous year, China’s environment minister, Li Ganjie, said on Monday, as the world’s second-largest economy stepped up its fight against smog. China’s...
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Asia Minute: More Coal Fired Electricity for Australia?
March 8, 2019, 7:22 pm
One of the largest suppliers of electricity for the island of O‘ahu is a coal-fired power plant. While Hawai‘i is committed to reduce its use of fossil fuels in coming years, it’s a different story for another location in the Asia Pacific. There’s a proposal to build a...
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Australia's North Queensland coal exports slump to 22-month low in Feb
March 8, 2019, 7:20 pm
Sydney — Exports of coal from North Queensland, Australia, plummeted in February as the region's coal chain faced industrial action and weather-related issues, data from North Queensland Bulk Ports Corporation showed Thursday. There was a total of 8.92 million mt of coal shipped from...
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Now is the time for new coal plants, resources minister says
March 7, 2019, 7:15 pm
The resources minister, Matt Canavan, has declared “now” is the right time to build new coal-fired power, as the prime minister insisted his pre-election priorities were securing passage of budget bills and helping north Queensland recover from the recent floods. The comments from...
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Spanish Feb thermal coal usage at 2.2 TWh, down 35% on month
March 4, 2019, 7:28 pm
Barcelona — Spanish coal consumption dropped 35% in February, continuing a decline that saw an 18% drop for the full year 2018, according to data published Saturday by Spanish grid operator Red Electrica de Espana (REE). Output from Spanish coal-fired plants was 2.2 TWh in the month and...
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Australia's BHP-Mitsubishi sells new brand of hard coking coal: sources
March 1, 2019, 6:32 pm
Singapore — Australia's largest metallurgical coal producer, BHP-Mitsubishi Alliance, or BMA, has sold a new brand of hard coking coal named Australian coking coal HS this week, market sources told S&P Global Platts Friday. Australian coking coal HS has these specifications: 60%...
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Thailand's PTT to up gas investment as country looks beyond coal
March 1, 2019, 6:30 pm
BANGKOK -- State-owned energy group PTT will spend billions of dollars over the next decade to increase Thailand's natural gas supply, supporting the government's efforts to diversify the country's coal-heavy energy mix. Plans for the five years through 2023 call for 167 billion baht...
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Luhut admits owning 6,000-ha coal mine in East Kalimantan
March 1, 2019, 6:26 pm
Amid the brouhaha surrounding the large land concessions managed by members of Indonesia's political elite, Coordinating Maritime Affairs Minister Luhut Pandjaitan has admitted to owning a 6,000-hectare coal mine in East Kalimantan. The coal mine, the senior minister said, was a concession...
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Ramaco coal sales jump threefold in 2018 to 2.15 million st
February 26, 2019, 7:05 pm
Houston — Ramaco Resources said it sold nearly 2.15 million st of coal in 2018 at an average sales price of roughly $78/st, up threefold from 608,000 st sold in 2017 at approximately $66/st, the company said Monday. In a preliminary quarterly earnings statement, the Lexington, Kentucky...
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