The Adaro Blog

Australia must stop burning coal by 2030: report
November 22, 2019, 8:03 pm
SYDNEY, Nov. 22 (Xinhua) -- A new international report has warned that Australia must stop burning coal before the end of 2030, if it wants to meet its commitment to the Paris Agreement. Agreeing to cap the rate of climate change at 1.5 degrees Celsius above pre-industrial levels, Climate...
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Bengkulu woos investors with 200 MW coal-fired power plant
November 21, 2019, 11:23 pm
Bengkulu will soon complete a long-awaited 2×100 MW coal-fired power plant. A reliable electricity supply will accelerate the province’s economic development and attract investors. The plant at Sepang Bay, which takes three years to build, will go into full operation in February of...
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Indonesia plans to keep $70/T coal price cap for PLN, DMO
November 19, 2019, 11:21 pm
JAKARTA, Nov 19 (Reuters) - Indonesia’s energy minister Arifin Tasrif said on Tuesday his ministry plans to maintain a price cap on coal being sold to state electricity utility, PT Perusahaan Listrik Negara (PLN) next year. The government capped the price of coal sold to PLN at $70 per...
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India looks to relax norms to attract global coal miners, industry sceptical
November 18, 2019, 8:10 pm
NEW DELHI/MELBOURNE (Reuters) - India is looking to lower advance payments and offer larger mining blocks to attract global companies to invest in its coal sector for the first time, but industry sources say the measures may not be enough to draw in big international miners. India plans to float...
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China, India are both the problem and solution for coal, climate change: Russell
November 14, 2019, 7:45 pm
LAUNCESTON, Australia, Nov 14 (Reuters) - One thing becomes absolutely clear when reading the IEA’s latest World Energy Outlook; if the world is to have even the remotest chance of making its climate goals, then China and India are going to have to do something about their coal use. The...
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US 2019 coal production expected to fall 7.4% on year: EIA
November 13, 2019, 6:46 pm
Houston — The US Energy Information Administration said Wednesday that it expected the US to produce 697.9 million st of coal in 2019, raising its estimate from a month ago by 3.6%. 2019 production would be 7.4% lower than the 753.7 million st produced in 2018, while 2020 production is...
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Weak demand pressures low-CV Indonesian coal prices
November 12, 2019, 7:49 pm
An early December loading geared Supramax GAR 4,200 kcal/kg cargo traded today at $33.85/t. This is below the latest Argus price assessment for this grade of coal at $34.33/t on 8 November and also below the $34.50-34.75/t range at which cross-month late November to early December-loading geared...
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China is Likely to Cap Annual Coal Imports at 300 Million Tons
November 11, 2019, 7:58 pm
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. China will likely hold annual coal imports at between 200 million and 300 million tons, according to the president of a top industry body, suggesting that the pace of shipments so...
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Asian coal resumes slide as Chinese stocks hit 5-year high
November 8, 2019, 7:40 pm
Asian coal prices declined 3% in the week through to Thursday as inventories for the world’s biggest coal consumer hit their highest level since 2014. The Pacific basin’s reference price for high grade (6,000 kcal/kg) Australian coal exports to Asia last stood at USD 67.09/t, 33%...
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BHP says coal lobby links can foster change as investor rebellion builds
November 7, 2019, 7:35 pm
BHP chairman Ken MacKenzie says environmental activists should applaud the miner's industry-leading climate policies, as nearly one in three investors called for the company to cut its links with so-called pro-coal lobby groups. Mr MacKenzie defended the resource giant’s membership of...
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