The Adaro Blog

China’s Shanxi Coking Coal leaves low sulfur premium HCC prices unchanged for Q1
December 31, 2019, 12:10 pm
China’s Shanxi Coking Coal Group Monday set its low sulfur premium hard coking coal prices for the first quarter of 2020 unchanged Monday from Q4. “No price change will be made to premium hard coking coal with a sulfur content below 1.3%, while a variety of price cuts between Yuan...
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Australian miners hit by lowest thermal coal price in more than a decade
December 30, 2019, 6:52 pm
Australian coal exporters have experienced the biggest annual drop in thermal coal prices in more than a decade during 2019, raising doubts about industry projections that demand will continue to grow. The spot price of thermal coal, which is burned to generate electricity, was US$66.20 ($95)...
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Misery Looms Over Top Coal Shippers as China to Buy Less in 2020
December 23, 2019, 5:51 pm
(Bloomberg) -- China isn’t cutting back on consumption of the most-polluting fossil fuel just yet, but it is set to reduce imports. The world’s biggest coal buyer will likely purchase less from overseas in 2020 after a boost this year, according to analysts. With domestic production...
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Goldman Sachs abandons coal as investors look to low-emissions future
December 20, 2019, 7:00 pm
But outside the talks, investors are voting with their dollars as money flees fossil fuels and migrates to clean energy. The policy shift at one of the world's biggest and most powerful investment banks is a sign of the times. This week, Wall Street behemoth Goldman Sachs announced it had...
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StanChart stops funding three S-E Asia coal plants worth US$7b
December 19, 2019, 7:08 pm
STANDARD Chartered has pulled financing for three coal-fired power plants in South-east Asia amid a global push to cut greenhouse gas emissions, throwing into doubt projects worth an estimated US$7 billion and piling pressure on the coal industry. Banks and investors are facing pressure from...
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Standard Chartered Exits Three SE Asia Coal Plants Worth Estimated £5.4 Billion
December 18, 2019, 6:34 pm
SINGAPORE — Standard Chartered has pulled financing for three coal-fired power plants in Southeast Asia amid a global push to cut greenhouse gas emissions, throwing into doubt projects worth an estimated $7 billion (£5.4 billion) and piling pressure on the coal industry. Banks and...
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World demand for coal falls despite growth in Asia
December 17, 2019, 7:35 pm
Global demand for coal has fallen this year for the first time in two years as Europe and the US turn their backs on coal-fired power plants in favour of cheap gas and renewable energy. A report from the International Energy Agency (IEA) found that the world’s appetite for coal declined in...
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Moody’s sees negative 2020 US thermal coal outlook on smaller stack share, lower exports
December 16, 2019, 7:04 pm
Moody’s Investors Service said Friday it retained a negative outlook on US thermal coal markets in 2020 based on stiffer competition in the generation stack from natural gas and renewables, in addition to low export expectations given the US’ role as a swing producer. Economic,...
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Kementerian ESDM targetkan DMO batubara tahun 2020 sebanyak 155 juta ton
December 13, 2019, 5:20 pm
Pemerintah melalui Kementerian Energi dan Sumber Daya Mineral (ESDM) memasang target kuota volume domestic market obligation (DMO) batubara sebesar 155 juta ton pada tahun 2020 mendatang. Jumlah tersebut meningkat dibandingkan dengan rencana DMO di tahun ini sebesar 128 juta ton. Kasubdit...
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Australia energy market operator turns Scrooge on coal lobby
December 12, 2019, 6:55 pm
LAUNCESTON, Australia (Reuters) - Australia, which vies with Indonesia for the title of the world’s largest coal exporter, is planning for an electricity future where use of the polluting fuel dwindles and is rapidly replaced by renewable energy sources. The Australian Energy Market...
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