The Adaro Blog

Asian coal demand fills the gap left by Japan and Europe
July 7, 2020, 12:25 pm
Coal’s demise as a significant backbone to the global dry bulk trades is not coming any time soon, new research from Arrow Shipbroking clearly shows.  News carried by Splash on Friday that Japan, the world’s third largest coal importer, will shutter 100 of...
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Indonesian coal miners to cut 50 million tons of production due to weak prices
July 3, 2020, 10:58 am
Miners in Indonesia, the world’s top coal exporting country, have decided to cut domestic production by 50 million tons this year in their bid to increase global coal prices, which have been falling during the health crisis. The Indonesian Coal Mining Association (APBI) has...
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Indonesia’s APBI asks ESDM to cut coal output: Update
July 2, 2020, 11:23 am
The Indonesian coal mining association (APBI) has asked the country's energy ministry (ESDM) to reduce mining companies' output because of weaker demand and prices, with the group forecasting that Covid-19 will cut demand for Indonesian coal by around 85mn t this year. The ESDM...
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Korea's Kepco Moves Ahead With Controversial Coal Investment
July 1, 2020, 2:51 pm
Korea Electric Power Corp. approved a plan to participate in an Indonesian coal power project despite mounting global pressure to move away from the most-polluting fossil fuel. The board of directors on Tuesday cleared the $51 million purchase of a 15% stake in the joint-venture developing the...
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Japan's Iino Lines commissions coal carrier for J-Power
June 30, 2020, 10:53 am
Japanese shipping firm Iino Lines has commissioned a new bulk carrier to transport thermal coal to electricity wholesaler J-Power's coal-fired power generation plants in the country. Iino Lines took delivery of the 84,854dwt Camellia Island yesterday. The new carrier was built by Japan's...
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China has 250 GW of coal-fired power under development - study
June 29, 2020, 10:24 am
SHANGHAI, June 25 (Reuters) - China has nearly 250 gigawatts (GW) of coal-fired power now under development, more than the entire coal power capacity of the United States, a new study said on Thursday, casting doubt on the country’s commitments to cutting fossil fuel use. Beijing has vowed...
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Indonesian producer body seeks deep coal output cuts
June 26, 2020, 10:10 am
The Indonesian Coal Mining Association (APBI) has asked its members to cut output by 40mn-50mn t during June-December to prevent a freefall in prices. The group expects exports to fall by up to 60mn t in a "challenging" 2020 owing to a lull in demand from China and India. The...
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South Korean coal burn more resilient than gas
June 25, 2020, 9:36 am
South Korean state-owned gas supplier Kogas' sales to the power sector collapsed in May, suggesting that coal burn was robust in the face of lower overall demand, assisted by its cost advantage. Kogas' LNG sales fell by 510,000t on the year to 1.6mn t in May, company figures show. This...
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State government banking on coal exports as world chases Paris targets
June 24, 2020, 10:08 am
The state government is banking on global coal demand defying the Paris climate goals of slashing carbon emissions, predicting instead only a marginal cut in consumption of the fossil fuel by mid-century. According to the government's new Strategic Statement on Coal Exploration and Mining,...
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COVID-19 Could Cause A Boom In Coal Power
June 23, 2020, 9:54 am
COVID-19 has not only impacted the energy industry’s revenues but also its infrastructure development. The delay of new natural gas facilities means that many countries, such as Vietnam, will have to rely on coal-generated power to make up the shortfall. The case study of Vietnam shows...
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