The Adaro Blog

China provides $1 billion in 'green' finance to coal projects in first half of the year
August 19, 2019, 7:50 pm
SHANGHAI (Reuters) - Chinese financial institutions provided at least $1 billion in “green” financing to coal-related projects in the first half of this year, a review of financial data showed, with fossil fuels still playing a major role in Beijing’s energy strategy. According...
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A Burning Question for Coal’s Brightest Star
August 16, 2019, 7:36 pm
If India is such a bright hope for global coal demand, why can’t investors see it? The country will experience the largest increase in coal burning through 2023, according to the International Energy Agency, with a 3.9% annual pace of growth that should be enough to offset falling...
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Analysis: In India's energy mix, gas faces tough battle with coal
August 15, 2019, 6:00 pm
Singapore — India is stepping up efforts to raise the share of gas in its energy basket, but consumption is unlikely to move ahead at a pace the government is aiming for as infrastructural and pricing hurdles erode its competitiveness with relatively cheaper fuels such as coal. Analysts...
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China’s Slumping, So What’s Up With Coal?
August 14, 2019, 5:57 pm
While China’s industrial sector crashes, one corner is booming. Oddly enough, it’s probably bad news for participants. Fixed-asset investment in mining increased 27.4% from a year earlier in July, continuing an extraordinary run this year that puts growth at the fastest pace in a...
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India's Coal Import Rises 29 Per Cent To 24 Million Tonnes In June
August 12, 2019, 7:08 pm
The country's coal imports increased by 28.7 per cent to 24.14 million tonnes in June on the back of softening of non-coking coal prices in the international markets. The country had imported 18.75 million tonnes of coal in the corresponding month of the previous fiscal, according to a...
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Analysts revise Q4 coal price outlook down 4%
August 9, 2019, 6:50 pm
Pacific basin benchmark Newcastle coal prices will likely average USD 79.30/t in the fourth quarter, down 4% – or USD 3.30 – from previous estimates, amid expectations of weaker demand, said economic analysis firm Focus Economics. Prices in 2020 would average 3% less than forecast...
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Indonesia's coal reference price up slightly in August
August 7, 2019, 8:22 pm
The government has set the country's coal reference price (HBA) for August at US$72.67 per ton, a slight increase from $71.92 per ton the previous month. Energy and Mineral Resources Ministry spokesman Agung Pribadi said little change was expected in coal prices on the world market this...
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China coal mine approvals surge despite climate pledges
August 6, 2019, 6:35 pm
SHANGHAI/BEIJING (Reuters) - Approvals for new coal mine construction in China have surged in 2019, government documents showed, with Beijing expecting consumption of the commodity to rise in the coming years even as it steps up its fight against smog and greenhouse gas emissions. Long-term cuts...
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Indonesia raises coal benchmark price for first time in a year in Aug
August 5, 2019, 7:49 pm
* The Indonesian government has set its coal benchmark price (HBA) for August at $72.67 per tonne, according to an official document from the Energy and Mineral Resources Ministry * It is higher than July’s benchmark price of $71.92 and also the first increase in a year, according to Eikon...
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Coal demand to rise 12 percent next year: PLN
August 2, 2019, 6:29 pm
State electricity firm PLN has estimated that the coal use for electricity generation in Indonesia will increase by around 12 percent this year due to additional demand from new power plants. PLN system planning manager Arief Sugiyanto said in Jakarta on Thursday that two new coal-fired power...
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