The Adaro Blog

Glencore’s Coal Hedge Gets More Painful as Prices Rally
October 19, 2016, 10:48 am
The rally in thermal coal is taking a bigger bite out of Glencore Plc’s profits after the world’s biggest exporter of the fuel locked in prices prior to the surge. The Swiss company reported a $395 million mark-to-market non-cash loss in the first half on hedges for future sales,...
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Even At $100 For Coal, Asia’s LNG Industry Struggles To Compete
October 17, 2016, 10:49 am
SINGAPORE, Oct 17 (Reuters) – The liquefied natural gas (LNG) sector has watched with joy how thermal coal prices have soared this year, hoping that the unexpected spike would at last make LNG price competitive in Asia. Although much cleaner than coal in terms of pollution and carbon...
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Coal deficit may not go away till 2020
October 14, 2016, 10:50 am
Despite the problem of plenty, India may continue to suffer from deficit in coal requirement due to delays in opening up of commercial mining to private sectors and slow approvals for new state miners, a leading research house has commented. According to a report by BMI Research, an arm of...
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Glencore to hire coal miners as prices rebound on Asia demand
October 12, 2016, 10:51 am
Glencore will hire more than 200 workers at its Collinsville coal mine in Australia after scaling back its payroll earlier this year, amid resurgent demand for coal in Asia, the company said on Tuesday. “We are now seeing increased demand from Southeast Asia for the specific type of coal...
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Peabody deal at $200/mt said to break Q4 coking coal impasse
October 11, 2016, 10:53 am
A benchmark coking coal accord at the upper end of expectations appears to be getting established, as Peabody Energy has sold North Goonyella premium mid-vol at $200/mt FOB Australia under contract for the fourth quarter to Nippon Steel, according to a source close to the matter. The source...
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Indonesia’s October HBA thermal coal price hits 2-year high
October 10, 2016, 10:54 am
Indonesia’s Ministry of Energy and Mineral Resources has set its October thermal coal reference price, also known as Harga Batubara Acuan or HBA, at $69.07/mt FOB, up 8% from September and the highest level in two years. October HBA also represents a 20% jump from a year ago. The HBA was last...
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Indonesia’s coal consumption remains high: BP
October 7, 2016, 10:55 am
Despite a global shift toward more environmentally friendly energy sources, Indonesia’s coal consumption has increased significantly over recent years, partly triggered by a sharp drop in coal consumption in key coal markets, a British oil giant report has revealed. The BP Statistical...
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China Rushes to Boost Coal as Rally Warns: Winter Is Coming
October 5, 2016, 10:56 am
China’s efforts to shrink its bloated coal industry may have worked too well, too fast. Prices have surged more than 50 percent this year after the government ordered miners to cut output to ease a glut and help lift the industry out of crisis. Now, as winter looms and fuel demand peaks,...
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Coking coal price rally to subside on improved supply in 2017: Citi
October 3, 2016, 10:57 am
Coking coal’s supply-driven price rally will likely abate by mid-2017 as production issues and transport hurdles in Australia and China ease, Citi Research analysts said. “Short-term supply disruptions in China have been resolved and in Australia should be back to normal in the short...
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Imelda Adhisaputra: Coal is still good business
September 30, 2016, 10:58 am
TEMPO.CO, Jakarta - In June this year, BHP Billiton Indonesia made a surprising business decision by selling 75 percent of the shares of its subsidiary IndoMet Coal (IMC) to Adaro Energy for US$120 million (Rp1.56 trillion). The acquisition gives Adaro, which already owns 25 percent stake in IMC,...
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