Blog Adaro
Glencore slump spoils commodity trader appetite for IPOs
Senin, 05 Oktober 2015 / 14:43 WIB
Unprecedented shareholder pressure over the past six months at listed commodities firms Noble and Glencore have taught their private rivals an unforgettable lesson – think twice before going public or amassing large physical assets.
Noble’s stock is trading near its lowest since the...
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BHP coal boss warns on outlook
Jumat, 02 Oktober 2015 / 14:44 WIB
China’s restrictions on certain types of highly polluting coal, introduced earlier this year as part of an accelerating campaign to clean up its air, have added to a significant glut in the global market for the fuel, the mining executive said on Friday.
Coal prices have been tumbling...
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World Coal Association calls on UN to go harder
Selasa, 29 September 2015 / 14:44 WIB
The association has also highlighted the link between energy lack and global poverty.
Of course, given its bent, the WCA argues coal has to very much be part of that solution.
It says coal is essential to global efforts to achieve universal energy access and alleviate energy poverty as it...
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Mining Stocks Fall Sharply on Concerns Over China Economy
Senin, 28 September 2015 / 14:45 WIB
Fed’s decision not to raise interest rates also renewed fears over sluggish pace of global growth
LONDON—Share prices in U.K.-listed global miners were hit hard on Tuesday with commodities giant Glencore GLNCY -5.44 % PLC leading the pack down on continued fears that China’s...
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Adaro scales down production target
Senin, 21 September 2015 / 14:47 WIB
Major coal producer Adaro Energy has announced that it has lowered its production target from 56-58 million tons previously to 54-56 million tons to mitigate oversupply that led to plunging commodity prices and cut the company’s profit by 31 percent on a yearly basis.
According to its...
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Shenhua, Adaro singled out from Asia peers
Jumat, 18 September 2015 / 14:48 WIB
AMID the continuing poor performance of Chinese and Indonesian coal producers, the names China Shenhua Energy and Adaro Energy stand out from the crowd, according to an investment bank report.
With both countries known to be pushing consolidation of their...
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Govt expects rising income from coal despite weak output
Jumat, 11 September 2015 / 14:52 WIB
The Energy and Mineral Resources Ministry is expecting to see rising royalties and fees from the mineral and coal sectors this year despite plunging production due to low selling prices.According to the proposed state budget for 2016, the non-tax income from minerals and coal is targeted to reach...
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BHP expects coal rebound and makes move in Borneo
Rabu, 09 September 2015 / 14:53 WIB
BHP Billiton is set to ramp up its focus on Indonesian coal, revealing it will open a second mine on Borneo within two years as it predicts a rebound in global markets.
BHP’s Indonesian coal boss, Mark Small, said mining had this year started at Haju in Central Kalimantan which is the...
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