The Adaro Blog

China aims to supersize coal sector through mergers
January 5, 2018, 1:18 pm
BEIJING (Reuters) - China said on Friday it plans to create several “super-large” coal mining companies by the end of 2020 as the world’s biggest producer of the fuel ramps up years of efforts to streamline the fragmented sector and slash outdated capacity.   The...
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Asian coal prices hit late 2016 high amid huge shipping congestion
January 4, 2018, 12:57 pm
SINGAPORE (Reuters) - Asian benchmark thermal coal prices have pushed to their highest levels since 2016, fueled by demand in China and loading delays in Indonesia that have ramped up shipping congestion outside major coal ports. Spot cargo prices for Australian Newcastle coal have risen nearly...
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Coal miner Toba Bara to issue US$250 million notes
December 27, 2017, 4:27 pm
Publicly listed coal miner PT Toba Bara Sejahtra has announced plans to issue medium-term notes (MTN) worth US$250 million in order to refinance its debts and further expand its businesses. The notes, which will be listed in the Singapore Exchange (SGX), will mature in five years with a maximum...
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Peabody Energy Rising, Coal Industry In Decline, What Is Going On?
December 20, 2017, 4:19 pm
Summary Peabody Energy, key supporter of Trump administration, attempts to force coal use to continue. Huge changes towards digital flexible power delivery (no inflexible base load coal, nuclear): cheaper and in tune with digital transformation across all industries. Peabody...
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Global coal consumption forecast to slow
December 18, 2017, 12:45 pm
Every major country in the world except India reduced its consumption of coal last year, with demand for the dirty fuel forecast to stagnate for the next half decade, according to official forecasts. The International Energy Agency said 5.3bn tonnes of coal equivalent were burnt in 2016, down...
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Indonesia's coal king stands firm amid clean-energy challenges
December 15, 2017, 4:02 pm
JAKARTA -- Garibaldi Thohir may be one of Indonesia's wealthiest men, but it is his younger brother that gets all the attention. The younger brother, Erick Thohir, became a household name since buying the Italian soccer club Inter Milan in 2013, and he has continued to attract attention with...
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South Korea may only switch one planned coal power plant to gas
December 11, 2017, 3:55 pm
SEOUL, Dec 8 (Reuters) - Only one of South Korea’s planned coal power plants is likely to be converted to gas, the country’s energy minister said on Friday, despite government efforts to switch four out of nine coal plants to boost gas power generation. South Korea is pursuing a...
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China does U-turn on coal ban to avert heating crisis
December 8, 2017, 11:38 am
China's government has allowed some northern cities to burn coal in a temporary policy U-turn, as the country faces a heating crisis. Beijing had banned the use of coal for heating this winter in an ambitious plan to reduce pollution. Recent winters had seen heavy smog blanket China's...
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China hit by gas shortages as it moves away from coal
December 4, 2017, 11:31 am
Gas-supply shortages are hitting north and central China as Beijing tries to accelerate a shift away from coal rather than miss environmental targets this year. The situation has left some residents — mainly urban migrants on neighbourhoods ringing the cities — without heat as...
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China underscores push toward longer term coal contracts
November 29, 2017, 11:27 am
BEIJING (Reuters) - China has again urged coal suppliers and buyers to sign more medium- and long-term contracts, amid robust demand for the fuel during the peak winter-heating season. The National Development and Reform Commission (NDRC) said in a document published on Wednesday that medium- to...
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