The Adaro Blog

India's North American coal imports may surge on domestic shortage
November 24, 2017, 11:23 am
NEW DELHI (Reuters) - India’s coal imports from North America are likely to surge as buyers are looking to boost purchases amid a domestic shortage of the fuel and a regional ban on petroleum coke, traders and cement company officials said.   Shipping data from Thomson Reuters showed...
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China iron ore rises with steel; coking coal hits two-month high
November 22, 2017, 11:16 am
MANILA (Reuters) - Chinese steel futures rose for a third straight session on Wednesday, supported by leaner supply and expectations that consumption in the world’s top user would recover when production cuts are lifted after winter. Prices of steelmaking raw materials iron ore and coking...
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Chinese company starts construction of Serbian coal-fired power plant
November 20, 2017, 11:10 am
BELGRADE, Nov 20 (Reuters) - A Chinese company started construction on Monday of a new 350-megawatt unit at Serbia’s second largest coal-fired power plant, the first new electricity capacity in the Balkan country in nearly 30 years. The $613 million project is part of a wider deal between...
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China Coal Output Falls to Eight-Month Low on Party Congress
November 16, 2017, 11:01 am
China’s coal production in October dropped to the lowest in eight months as some mines were shut to ensure safety during the twice-a-decade Community Party congress.   Production last month declined 8 percent from September to about 9.15 million tons a day, according to...
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Indonesia amends contracts with 13 coal mining companies
November 14, 2017, 10:51 am
JAKARTA (Reuters) - Indonesia has amended contracts with 13 coal mining companies, including some of the country’s biggest producers of the fossil fuel, as part of a shift toward a new mining permit system it expects to boost government revenues. Indonesia’s 2009 mining law requires...
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Coal exports to China, Japan from Australia's Gladstone port strong in October
November 5, 2017, 7:51 pm
The longer term outlook is also weaker, given a flat to falling profile for Chinese steel demand, NAB said. Exports to Japan from Gladstone port were at a five-month high in October with 2.11 million mt, up 4% year on year and 11% higher than in September, the GPC data showed. Exports to...
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Indian petcoke ban to boost coal imports amid already tight market
November 2, 2017, 7:54 pm
NEW DELHI/SINGAPORE (Reuters) - A ban on petroleum coke around the Indian capital of New Delhi starting from Wednesday will require the country to raise its imports of coal to replace the fuel, just as Asia is heading into the tightest market conditions for coal in years.   India’s...
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Consol Energy sets timetable for split into coal, natural gas producers
October 31, 2017, 8:02 pm
Consol stockholders will retain their shares of company common stock, but as a result of the name change, these shares will represent shares of CNX Resources Corp. after the separation. In addition, the master limited partnership currently named CNX Coal Resources LP will change its name to...
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One Rare Thing to Watch for in U.S. Coal Earnings: A Profit
October 25, 2017, 8:04 pm
After years of bleeding cash and a painful string of bankruptcies, U.S. coal miners are poised to do something rare -- enjoy an earnings season. Boosted by higher global coal prices and a more conservative approach to mining, Peabody Energy Corp. kicks off the industry’s reporting cycle...
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China Datang says has enough coal supplies for winter
October 23, 2017, 8:07 pm
BEIJING (Reuters) - China’s Datang Corp has 28 days of coal stocks for its power plants, enough for winter consumption, the company’s general manager told Reuters on Monday, brushing off concerns that utilities could not secure coal supplies for winter. That amount of supply is...
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