The Adaro Blog

Indonesian Adaro Energy’s H1 2016 coal production stable on year
August 2, 2016, 11:26 am
Singapore (Platts)–2 Aug 2016 253 am EDT/653 GMT Indonesian miner Adaro Energy said thermal coal production was nearly flat year on year at 25.86 million mt in the first half of 2016, even as its sales volume rose 2% in the same period. The miner produced 13.23 million mt in the second...
Read More

News Analysis: SOE reform pivotal to cutting China’s overcapacity
August 1, 2016, 11:27 am
BEIJING, July 31 (Xinhua) — Deepening fundamental reforms of China’s state-owned enterprises (SOEs) is key to cutting industrial overcapacity, according to experts. The view echoes a statement released by the Political Bureau of the Communist Party of China Central Committee after a...
Read More

Thermal coal — early signs of recovery?
July 27, 2016, 11:28 am
In a reversal from the decline since 2011, thermal coal prices have shown some stability in 2016. The price of the benchmark Australian Newcastle 6000 kcal/kg (FOB) thermal coal went up from $49 to about $60, per tonne during January-July 2016. The Chinese government’s clamp-down on domestic...
Read More

China Taps Coal Giants as Asset Managers to Guide Supply Cuts
July 25, 2016, 11:28 am
China set up an asset-management company to reduce coal overcapacity at a time when the country is seeking to encourage consumption of cleaner fuels. The new company will include coal miners China Shenhua Group Corp. and China National Coal Group Corp. as well as asset-management companies China...
Read More

Philippines’ coal demand to grow over 1 mln T/yr until 2020 – industry group
July 22, 2016, 11:31 am
MANILA, July 21 (Reuters) – The Philippines’ coal consumption could grow by more than 1 million tonnes annually until 2020 as it expects to switch on more coal-fired power plants to support its economy, the head of a local industry group said on Thursday. The Southeast Asian...
Read More

Weather-related disruption could further boost thermal coal prices: analysts
July 20, 2016, 11:32 am
Thermal coal prices could get a further boost this year from potentially continuing weather-related disruptions to Indonesian and Australian production and ongoing industry reforms in China, analysts at Morgan Stanley said in a note. Thermal coal prices have been on the rise in recent months...
Read More

China’s June coal output falls 17% on year to 277.54 million mt
July 18, 2016, 11:33 am
Hunan, China (Platts)–15 Jul 2016 324 am EDT/724 GMT China mined 277.54 million mt of crude coal in June, down 16.6% on year, according to figures released by the National Bureau of Statistics on Friday. In the first six months, China mined a total of 1,627.64 million mt of crude coal,...
Read More

Domestic coal consumption cushions low global demand
July 15, 2016, 11:34 am
Amid declining global demand for coal, Indonesia is still seeing a gradual rise in domestic consumption for the commodity, driven mainly by the operation of new steam-fueled power plants and higher demand from the cement industry. Data from the Energy and Mineral Resources Ministry shows that...
Read More

Thermal coal price hits 10-month high as Chinese buyers snap up cargoes
July 13, 2016, 11:35 am
A crackdown by the Chinese government on surplus thermal coal has had a knock-on effect on the price – spelling good news for miners of the fuel that investors and energy consumers love to hate. The price of high-grade Australian thermal coal, the benchmark for the Chinese market, has...
Read More

China to cut coal mining capacity of SASAC-owned companies by 10% in 2 years
July 12, 2016, 11:38 am
Hunan, China (Platts)–11 Jul 2016 451 am EDT/851 GMT China’s State-owned Assets Supervision and Administration Commission is set to eliminate coal and steel capacity of SASAC-owned companies by 10% over the next two years and by 15% over the next five years, it said on its website...
Read More

Page 65 of 113, showing 10 records out of 1123 total, starting on record 641, ending on 650