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...
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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...
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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...
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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...
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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,...
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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...
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