The Adaro Blog

Tohoku Electric Power still to agree Japanese financial year term contract coal price with major supplier
July 20, 2018, 6:42 pm
Singapore — Japan's traditional lead negotiator for the Japanese coal reference price, Tohoku Electric Power, confirmed Friday that it has not agreed a benchmark price with Glencore for shipments of its Newcastle 6,300 kcal/kg GAR thermal coal over the Japanese financial year starting...
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Anglo American says total production up 6%, driven by copper, coal
July 19, 2018, 6:31 pm
JOHANNESBURG – Multinational mining company Anglo American on Thursday reported a six percent increase in total production on a copper equivalent basis in the second quarter of 2018, compared to the same period last year. CEO Mark Cutifani said the company had delivered a strong...
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Coal to provide majority of Australia's power for 20 years: report
July 17, 2018, 7:05 pm
CANBERRA, July 17 (Xinhua) -- Australia's independent energy market operator has called on the nation's coal-fired power plants to operate for at least 20 more years. In a report commissioned by the Coalition of Australian Government (COAG) and the Australian Energy Market Operator...
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Another View: Region can't rely on oil, coal to meet energy needs
July 16, 2018, 6:59 pm
For a region that prides itself as a leader against climate change, the numbers were sobering: As recently as Monday, 19 percent of New England's energy supply came from oil, and 7 percent from coal, according to the grid operator. Rates had climbed even higher on the worst days of the recent...
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GE to construct ultra-supercritical coal plant in Poland
July 13, 2018, 6:46 pm
GE Power will design and build the power plant, as well as manufacture and deliver the ultra-supercritical technology components – boiler and steam turbine generator – ensuring the highest efficiency level possible for a steam power plant in Poland with 46% efficiency, well above the...
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China's iron ore up despite tariff jitters, steel rises on curbs
July 11, 2018, 7:30 pm
BEIJING, July 11 (Reuters) - Chinese steel futures rose on Wednesday after the country’s biggest steelmaking city, Tangshan, said it would deepen output curbs over the summer, raising concerns of tight supplies in the market. Tangshan, home to 64 steelmakers, has ordered steel mills, coke...
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German Wind, Solar Power Beat Coal Generation for First Time
July 11, 2018, 7:23 pm
Germany’s wind and solar farms surpassed lignite and hard coal as sources of electricity for the first time during the six months to June, a sign the market is starting to squeeze out the dirtiest fossil fuels. The power mix in Europe’s biggest economy hit a turning point when clean...
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Thermal Coal Prices Are Soaring
July 9, 2018, 6:46 pm
Benchmark seaborne thermal coal prices jumped to $120.10 per tonne on Thursday, its highest level since November 2012, thanks to tight supply in key Asian export regions. Measured from lows hit end-2015, early 2016 coal used in power generation has gained 140 percent. Strong consumption in...
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What the failed Glencore-Tohoku coal talks mean for the market
July 5, 2018, 7:12 pm
TOKYO/SINGAPORE (Reuters) - Electric utilities in Japan and other Asian countries are driving blind when it comes to coal prices after the failure of Japan’s Tohoku Electric and Glencore to agree on an annual thermal coal contract that is used to set prices for the region. Tohoku Electric...
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Coal Expected to Surpass Iron Ore as Australia’s Top Export
July 3, 2018, 7:52 pm
Thanks to a surge in demand and a subsequent thermal coal price hike, Australia’s coal sector is expected to become the country’s largest export earner, generating approximately AU$117.9 billion during the 2017-2019 period. The bulk of the coal revenue is expected to come from the...
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