The Adaro Blog

China coking coal rebounds on prospects of fresh import curbs
November 5, 2019, 7:01 pm
MANILA, Nov 5 (Reuters) - Coking coal futures in China gained the most in four weeks on Tuesday amid market talks about fresh import curbs on the steelmaking raw material, following brisk purchases in recent months by the world’s biggest coal buyer and consumer. Dalian Commodity...
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German Coal Consumption Continues To Crash
November 4, 2019, 6:57 pm
Lignite and bituminous coal produced 50 percent less energy than renewables in Germany during the first three quarters of 2019, a new report by the Centre for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW) and the German Association of Energy and Water Management (BDEW)...
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World’s Biggest Coal User Is Set to Boost Imports This Year
November 1, 2019, 7:05 pm
(Bloomberg) -- Sign up for Next China, a weekly email on where the nation stands now and where it's going next. As the global campaign against coal gathers pace, the world’s biggest consumer is nevertheless set to boost imports this year. China’s purchases of foreign coal in...
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South Korea's LNG imports to fall on new nuclear, coal plants
October 31, 2019, 6:22 pm
SEOUL (Reuters) - South Korea’s imports of liquefied natural gas (LNG) are set to fall over the next five years after reaching record volumes in 2018, squeezed by the start-up of new long-planned nuclear and coal power plants. The decline comes despite the country’s efforts to move...
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Four in five EU coal plants unprofitable, according to Carbon Tracker
October 28, 2019, 6:58 pm
Four in five EU coal power plants are unprofitable and utilities could lose €6.6 billion this year alone, finds a new report from financial think tank Carbon Tracker. It warns investors and policymakers to prepare for a complete phase-out of coal by 2030, because without heavy subsidies the...
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Arch Coal reports 3Q19 results
October 25, 2019, 8:13 pm
The company had adjusted earnings before interest, taxes, depreciation, depletion, amortisation, accretion on asset retirement obligations, amortisation of sales contracts, and non-operating expenses of US$106.6 million in the third quarter of 2019, which includes a US$1.5 million non-cash...
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The Russians are coming for Asia and Europe's coal markets: Russell
October 23, 2019, 6:07 pm
LISBON, Oct 23 (Reuters) - Life is set to get even more difficult for major coal exporters with Russia planning to increase shipments of the fuel and the cost advantages appearing increasingly stacked in its favour. Russia is already the third-largest supplier to the seaborne market, behind...
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Australia’s hopes to expand coal exports in south-east Asia ‘delusional’, experts say
October 22, 2019, 8:28 pm
The number of new coal-fired power plants starting construction across south-east Asia has fallen markedly over the past two years as Australia has increasingly looked to the region to expand its thermal coal exports. Analysis by US-based climate research and advocacy group Global Energy Monitor...
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Russian coking coal output up
October 21, 2019, 8:41 pm
The country's major coking coal and steel producer Evraz lifted its coal output by 16pc to 19.2mn t, while Kolmar raised production by 46pc to nearly 6mn t. And anthracite producer Sibanthracite Group mined 18.1mn t of coal in the first three quarters, unchanged from a year earlier. The...
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India's Adani awards rail contract to support Australian thermal coal mine
October 18, 2019, 8:37 pm
MELBOURNE (Reuters) - India’s Adani Enterprises has awarded a contract to an Australian rail company as the conglomerate steps up infrastructure spending to support its new thermal coal mine in Queensland state. The A$100 million ($68.30 million) contract was awarded to privately held...
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