The Adaro Blog
Iron Ore, Coal Forecasts Cut by Citigroup as Energy Tumbles
January 14, 2015, 10:44 am
Citigroup Inc. reduced price forecasts for iron ore and coal as cheaper oil and declines in producers’ currencies combine to cut supply costs, signaling how the collapse in energy is feeding through to other commodities.
Iron ore will average $58 a metric ton in 2015 and $62 a ton in 2016,...
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After Boom, Commodity Pile Up
January 13, 2015, 10:45 am
Two years ago, Daniel Nilsson’s family bought a hotel in the town of Pajala, Sweden, some 50 miles above the Arctic Circle. The nearby Kaunisvaara iron-ore mine had just started production, and the Nilssons installed new meeting facilities and revamped the nightclub. “We wanted to give...
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The Moral Case for Fossil Fuel
January 9, 2015, 10:50 am
You’ve heard that our addiction to fossil fuels is destroying our planet and our lives. Yet by every measure of human well-being life has been getting better and better
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Fitch Retains Stable Outlook on Power Sector in 2015
January 9, 2015, 10:46 am
Rating agency Fitch on Friday retained its stable outlook on India’s power sector in 2015 but warned producers and grid operators will continue to face challenges by way of high capex levels and fuel shortages leading to negative free cash flow in the medium term.
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Season’s Greetings
December 23, 2014, 10:51 am
Wishing you a joyful holiday season full of Positive Energy
With kind regards,
Cameron Tough
Investor Relations & Corporate Secretary Division Head
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Indonesian Chief’s Agenda
December 9, 2014, 10:52 am
Source: AWSJ, 8 December 2014
The new leader of the world’s fourth-largest nation promised to move aggressively to lower barriers to investment and overcome decades of unmet potential that have left Indonesia lagging behind more dynamic Asian nations. In his first interview with a Western...
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China’s coal use must peak by 2020: experts
December 1, 2014, 10:53 am
China needs to hit its “peak coal” use by 2020 if it is to fulfil its commitment to end growth in climate-warming carbon emissions by the end of the next decade, an influential government think tank said yesterday.
The country last week pledged for the first time to end growth in...
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Fitch Affirms Adaro Indonesia at ‘BB+’/Stable; Withdraws Rating
November 28, 2014, 11:12 am
Fitch Ratings-Singapore/Jakarta-27 October 2014: Fitch Ratings has affirmed coal producer PT Adaro Indonesia’s (Adaro) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘BB+’. The Outlook is Stable. The agency has simultaneously withdrawn the ratings. Adaro...
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Indonesian coal shipments rise despite new export rule -ministry
November 26, 2014, 10:55 am
By Wilda Asmarini
JAKARTA, Nov 24 (Reuters) – New Indonesian coal export rules had little impact in October, the first month they were in effect, as shipments from the world’s top thermal coal exporter increased 9.8 percent on the year, a mining ministry official said.
Industry...
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