The Adaro Blog

China offers bonus to coal power plants to meet emissions rules
November 8, 2015, 1:45 pm
Getting China’s cash-strapped coal-fired power industry to comply with tough emissions rules and tackle choking smog that has recently blanketed the capital and other major cities will take incentives as well as fines. In a change in tack after years of fining rule-breaking firms, the...
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Glencore Says It Is Cutting Debt Faster Than Expected
November 4, 2015, 2:02 pm
LONDON— Glencore PLC is cutting its net debt faster than expected and its trading arm is on track to meet earnings expectations this year, the Swiss commodities giant said Wednesday. The company aims to cut $10 billion in net debt by the end of 2016. Analysts said those plans seem to be...
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Indonesia 2016 coal exports to slump as low prices hurt miners -industry
November 2, 2015, 2:03 pm
Oct 30 Coal shipments from Indonesia will plunge as much as 17 percent next year, with most miners in the world’s No.1 exporter of thermal coal losing money and slashing output, a senior industry official said on Friday. Indonesia will export less than 300 million tonnes in 2016 from...
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Coal Exports Drop on Low Prices
October 30, 2015, 2:31 pm
The nation’s coal exports significantly dropped in the first nine months of the year as coal companies continued to suffer from low prices in addition to becoming increasingly dependent on the domestic market. Figures from the Energy and Mineral Resources Ministry’s directorate...
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Coal’s blind optimism fades, but industry must shrink to succeed: Russell
October 28, 2015, 2:32 pm
Battered and beaten, the coal industry finally seems to be moving from blind optimism that things will somehow get better to a more realistic hope that it can survive, albeit in a smaller, less influential manner. A common theme at coal conferences over the past few years is that prices have...
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This Power Plant Set Out to Prove Coal Can Be Clean. Did It Work?
October 26, 2015, 2:33 pm
By Christina Nunez, National Geographic PUBLISHED Tue Oct 13 11:02:54 EDT 2015 On a chilly, open plain in Saskatchewan, clean coal is getting its first big trial. The Boundary Dam power plant fired up last October, promising to generate enough electricity for 100,000 homes while...
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Indian power plant coal stocks fall to new over 6-month low: CEA
October 23, 2015, 2:34 pm
Indian power plant coal stocks fall to new over 6-month low: CEA London (Platts)–9 Oct 2015 749 am EDT/1149 GMT Combined stocks of thermal coal at 100 Indian power plants were at 25.52 million mt Tuesday, more than triple the 7.78 million mt recorded at the same time last year, but at...
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Tender Pembangkit Listrik, Adaro Tidak Ikut Tender PLTU Jawa 7
October 21, 2015, 2:35 pm
Bisnis.com, JAKARTA – PT Adaro Energy Tbk. menyatakan tidak mengikuti tender Pembangkit Listrik Tenaga Uap (PLTU) Jawa 7 karena ingin fokus pada proyek-proyek lain. Hal tersebut mengakhiri kabar yang menyebutkan bahwa perusahaan energi itu sangat berminat untuk mengikuti tender PLTU...
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Emerging Currencies Set for Best Week Since 2008 as Stocks Surge
October 19, 2015, 2:37 pm
(Bloomberg) — Emerging-market currencies headed for their biggest weekly gain in seven years and stocks jumped as prospects for a U.S. rate increase in 2015 receded and oil surged. An index tracking 20 developing-nation exchange rates climbed 3.4 percent this week,...
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Glencore, Tohoku set annual coal contract price down 12 pct-sources
October 17, 2015, 2:42 pm
TOKYO Oct 2 (Reuters) – Mining group Glencore Xstrata Plc and Japan’s Tohoku Electric Power Co have settled an annual Australian thermal coal import contract 12 percent lower than a year earlier, two sources with direct knowledge of the matter said on Friday. The price set for the...
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