The Adaro Blog

China coking coal posts steepest weekly fall in nearly 11 months on demand worries
September 27, 2019, 7:22 pm
MANILA (Reuters) - Chinese coking coal futures slipped on Friday and logged their biggest weekly loss since November 2018, as slowing economic growth and a bruising U.S.-China trade war clouded demand outlook for the steelmaking raw material. Trading volumes were thin, however, in China’s...
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Poland plans new coal mines despite EU's call for carbon neutrality
September 25, 2019, 7:52 pm
JASTRZEBIE ZDROJ, Poland (Reuters) - Poland’s ruling Law and Justice (PiS) party plans to introduce legislation that will allow the government to open new coal mines without the approval of local authorities, its energy minister said on Wednesday. PiS wants to build new mines as it expects...
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S Africa coal price must surge 20% to spur exports
September 23, 2019, 7:33 pm
South African thermal coal exports via the Richards Bay export hub will continue to languish at around 73m tonnes/year unless benchmark export prices rise at least 20% from current levels, the CEO of miner Canyon Coal said. Shipments from Richards Bay Coal Terminal (RBCT) – which account...
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China’s Energy Game Plan Features a Giant Coal-Hauling Rail Line
September 20, 2019, 7:18 pm
There’s nothing quite like a massive coal rail to demonstrate China’s loyalty to the dirtiest of fossil fuels. Almost a decade in the making, the nearly $30 billion Haoji Railway will start around the end of this month and eventually haul as much as 200 million tons from key...
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Coal, a reliable and cheap energy source – Canyon Coal
September 19, 2019, 5:55 pm
South Africa must turn its coal resource endowment into revenue, jobs and broader economic development, Canyon Coal Executive Chairperson Vuslat Bayoglu has said. Speaking at a Coaltrans Southern Africa Conference in Sandton, Bayoglu said with 118 years of coal resources left, which translates...
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Falling prices pressure smaller US coking coal mines
September 18, 2019, 5:31 pm
In July, US coking coal exports fell to 3.66mn st from 5.07mn st in the same month last year. Shipments to Europe plunged to 1.59mn st from 2.22mn st, while exports to Asia dropped to 698,714st from 1.28mn st. The Argus daily assessed high-volatile B price at $134/t fob Hampton roads yesterday...
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South African Coal Exports Seen Waning as Renewables Gather Pace
September 16, 2019, 7:23 pm
South Africa’s thermal-coal exports are expected to drop as its main export hub faces growing competition and new cheaper energies proliferate, according to a U.S. research group. “New energy technology is replacing coal-fired power faster than most predicted,” the Institute...
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Thermal coal in Asia: the real risks for investors
September 13, 2019, 7:18 pm
These are the key findings of new research from London based think tank InfluenceMap, which examines the exposure of Japanese financial institutions to thermal coal power projects in three key emerging markets - India, Indonesia and Vietnam. Japanese banks have financed 11 operational plants in...
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Glencore and Japan’s Tohoku face off in term coal talks
September 12, 2019, 7:16 pm
The parties began discussions recently over what is expected to be a tough set of negotiations for annual term supplies of high-calorific value (CV) GAR 6,322 kcal/kg Australian coal from October 2019 to end-September 2020. Glencore is thought to have tabled an initial offer at $80/t before...
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EIA forecasts US coal production for 2019 to fall 10.6% on year
September 10, 2019, 6:15 pm
Houston — The US Energy Information Administration forecast coal production of about 674 million st in 2019, down 10.6% from year-ago production, the agency's Short-Term Energy Outlook reported Tuesday. September's forecast for 2019 output was up 2% from August's...
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