The Adaro Blog

Samin Tan: Kisah 'Raja' Coking Coal & Tak Jelasnya Nasib BORN
March 18, 2019, 6:30 pm
Jakarta, CNBC Indonesia - Nasib PT Borneo Lumbung Energi Tbk (BORN) semakin tak tentu. Pemegang saham sekaligus pemilik BORN Samin Tan sudah ditetapkan Komisi Pemberantasan Korupsi (KPK) sebagai tersangka kasus suap kepada mantan anggota DPR Eni Maulani Saragih. Seperi dikutip dari detik.com,...
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It's Hard Being a Sell-Side Coal Analyst, But M&A Might Help
March 15, 2019, 7:27 pm
It’s tough being a stock analyst covering U.S. coal companies these days. Just ask Jeremy Sussman. The managing director at Clarksons Platou Securities Inc. offered up a snapshot of the challenges he faces covering an industry that struggles to attract investors amid competition from cheap...
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BNP Paribas fund arm to exclude some coal and mining companies
March 14, 2019, 7:25 pm
(Reuters) - BNP Paribas Asset Management, the investment management arm of the French bank, is to stop investing in companies that obtain more than 10 percent of their revenue from thermal coal. The exclusion of such companies producing thermal coal and generating electricity from coal was...
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US 2019 coal production expected to fall 7.8% on year to 694.9 million st: EIA
March 13, 2019, 6:58 pm
Houston — The US is estimated to produce 694.9 million st of coal in 2019, the US Energy Information Administration said Tuesday, cutting its estimate from a month ago by 3.8%. The 2019 production would be 7.8% lower than the 753.7 million st produced in 2018, while 2020 production is...
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When Paying $1 for Coal Power Plant Is Still Paying Too Much
March 12, 2019, 6:56 pm
One dollar. That’s how much an aging New Mexico coal plant is worth. And by some estimates, even that may be too much. Acme Equities LLC, a New York-based holding company, is in talks to buy the 847-megawatt San Juan Generating Station for $1, after four of its five owners decided to shut...
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China expands switch from polluting coal heating in 2018 -environment minister
March 11, 2019, 7:37 pm
BEIJING (Reuters) - China expanded its coal-to-gas and coal-to-electricity projects to 35 cities in 2018 from 12 cities the previous year, China’s environment minister, Li Ganjie, said on Monday, as the world’s second-largest economy stepped up its fight against smog. China’s...
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Asia Minute: More Coal Fired Electricity for Australia?
March 8, 2019, 7:22 pm
One of the largest suppliers of electricity for the island of O‘ahu is a coal-fired power plant. While Hawai‘i is committed to reduce its use of fossil fuels in coming years, it’s a different story for another location in the Asia Pacific. There’s a proposal to build a...
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Australia's North Queensland coal exports slump to 22-month low in Feb
March 8, 2019, 7:20 pm
Sydney — Exports of coal from North Queensland, Australia, plummeted in February as the region's coal chain faced industrial action and weather-related issues, data from North Queensland Bulk Ports Corporation showed Thursday. There was a total of 8.92 million mt of coal shipped from...
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Now is the time for new coal plants, resources minister says
March 7, 2019, 7:15 pm
The resources minister, Matt Canavan, has declared “now” is the right time to build new coal-fired power, as the prime minister insisted his pre-election priorities were securing passage of budget bills and helping north Queensland recover from the recent floods. The comments from...
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Spanish Feb thermal coal usage at 2.2 TWh, down 35% on month
March 4, 2019, 7:28 pm
Barcelona — Spanish coal consumption dropped 35% in February, continuing a decline that saw an 18% drop for the full year 2018, according to data published Saturday by Spanish grid operator Red Electrica de Espana (REE). Output from Spanish coal-fired plants was 2.2 TWh in the month and...
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