The Adaro Blog

Australian Newcastle spot coal prices hit US$120 for 1st time since 2012
July 2, 2018, 7:48 pm
SINGAPORE: Australian thermal coal prices have broken through $120 per tonne for the first time since 2012, driven up by strong consumption in Asia and spot market buying by Japanese utilities to meet demand through the rest of 2018. Thermal coal cargoes for prompt export from Australia's...
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China's coal province imposes special emission caps on industry
June 28, 2018, 7:23 pm
SHANGHAI (Reuters) - The major coal producing province of Shanxi in northern China will impose special emissions restrictions on big industrial sectors by October as part of its bid to curb smog, a local environmental official said. Shanxi, together with neighboring Shaanxi, is set to be...
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Global thermal coal demand likely to outstrip supply in H2 2018: Citi
June 25, 2018, 7:08 pm
Global seaborne thermal coal supply is expected to fall short of expected demand in the second half of this year amid falling capital expenditures at key miners, Citi analysts said in a note Monday. Citi analysts expect global seaborne thermal coal supply to be 477 million mt in H2 2018, about...
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Peabody clears legal hurdle in Australian Wilpinjong coal mine extension plan
June 21, 2018, 5:17 pm
Sydney (Platts)--20 Jun 2018 1111 pm EDT/311 GMT   A legal challenge to Peabody Energy's planned extension of its Wilpinjong thermal coal mine in the Australian state of New South Wales has been dismissed this week by the state's Land and Environment Court.   A local...
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Mongolia parliament considers IPO for giant coal mine
June 21, 2018, 5:14 pm
ULAANBAATAR, June 21 (Reuters) - The Mongolian government on Thursday submitted plans to parliament to list a chunk of the state-owned company that holds the giant Tavan Tolgoi coal mine. The potential initial public offering comes as the country looks to kickstart the long-delayed development...
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China's Taxing America's Coal Just as It Was Looking to Buy More
June 18, 2018, 5:10 pm
Forgive U.S. coal miners for feeling a bit of whiplash over China’s trade policies. Just two weeks ago, the Chinese government was said to be considering buying more American coal as part of an effort to narrow its trade deficit with the U.S. Now, in retaliation for President Donald...
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Coal comeback spurs new carbon emissions growth, says BP
June 13, 2018, 5:05 pm
LONDON (Reuters) - Global greenhouse gas emissions began rising again last year as the first pick-up in coal burning since 2013 overshadowed a record expansion in renewable energy, a BP report said. Energy demand accelerated in 2017 by 2.2 percent, but a 17 percent gain in clean power such as...
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Big investors urge G7 to step up climate action, shift from coal
June 4, 2018, 4:59 pm
OSLO (Reuters) - Institutional investors with $26 trillion in assets under management called on Group of Seven leaders on Monday to phase out the use of coal in power generation to help limit climate change, despite strong opposition from Washington. Government plans to cut greenhouse gas...
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Coal lobby fights black-lung tax as disease rates surge
June 1, 2018, 4:51 pm
PRINCETON, West Virginia (Reuters) - As a young man, Barry Shrewsbury dug coal in the West Virginia mines and spent his time off hunting and fishing in the rolling hills. Now, at 62, he struggles to breathe and accomplish basic tasks such as shopping and showering, and relies on a federal fund...
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China Considers More U.S. Coal Imports to Cut Deficit
May 29, 2018, 4:38 pm
China is considering a plan to buy more American coal as part of an effort to narrow its trade deficit with the U.S., according to people with knowledge of the matter. Chinese officials are currently looking at boosting purchases from West Virginia in particular, said the people, who asked not...
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