The Adaro Blog

China July coal imports highest in years as heatwave fuels demand
August 8, 2018, 6:35 pm
BEIJING (Reuters) - China increased its coal imports in July by 14 percent to their highest in 4-1/2 years, official data showed on Wednesday, as rising temperatures boosted demand for coal-fired power to run air conditioners in the world’s top buyer of the fuel. Arrivals came in at 29.01...
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Chinese coal futures surge by most since August 2017 as short sellers close out
August 7, 2018, 3:32 pm
BEIJING (Reuters) - Chinese thermal coal futures on Tuesday surged by the most since August 2017 as traders with bets on falling prices paid up to close out their positions in the market. The most-actively traded coal futures on the Zhengzhou Commodity Exchange (ZCE), for September delivery,...
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Australian coal exports from Gladstone ease in Jul; exports to India still high
August 6, 2018, 6:35 pm
Sydney — Coal exports from the Port of Gladstone in Queensland, Australia in July, eased from the highs seen in May and June, while volumes to India remained strong, data from the Gladstone Ports Corporation showed Monday. There was a total of 5.78 million mt of coal shipped from the...
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Coal Industry Stock Outlook: Holds Promise for Long Term
August 3, 2018, 7:17 pm
The fossil fuel Coal play an integral role in meeting the ever-increasing global energy demand thanks to rapid urbanization and modernization. Since coal can be found in small quantities in almost all countries across globe with recoverable reserves in nearly 70 countries, it is an automatic choice...
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Anglo American completes sale of South African thermal coal mine
August 2, 2018, 7:15 pm
London — Anglo-South African miner, Anglo American has completed the sale of its share in the New Largo thermal coal project in South Africa, it said late Wednesday. A subsidiary of the diversified miner, Anglo American Inyosi Coal, sold its 73% in the New Largo coal project which included...
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Adaro Rampungkan Akuisisi Kestrel Coal
August 1, 2018, 7:02 pm
JAKARTA- PT Adaro Energy Tbk dengan EMR Capital Ltd merampungkan akuisisi terhadap kepemilikan Rio Tinto atas Kestrel Coal Mine (Kestrel) sebesar 80 persen. Presiden Direktur dan CEO Adaro Energy Garibaldi Thohir dalam keterangan resmi yang diterima Antaradi Jakarta, Rabu mengemukakan akuisisi...
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Jokowi cancels plan to revoke coal DMO
July 31, 2018, 6:59 pm
President Joko "Jokowi" Widodo on Tuesday has canceled the government’s plan to revoke the domestic market obligation (DMO) for coal producers as a means to help state-owned electricity company PLN maintain current electricity rates. Energy and Mineral Resources Minister Ignasius...
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Energy ministry remains firm on DMO policy for coal
July 31, 2018, 6:56 pm
The Energy and Mineral Resources Ministry has stressed that it will not cancel its policy on the domestic market obligation (DMO) for coal, as the government wants to ensure supply of the commodity to meet domestic demand. “It is unlikely that the domestic market policy on coal sales will...
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Indonesia pushes back coal, palm oil insurance rules to Feb 2019
July 27, 2018, 6:24 pm
JAKARTA: Indonesia's trade ministry has decided to postpone for six months the application of rules requiring coal and crude palm oil export shipments to use Indonesian insurance, ministry officials said. Indonesia is the world's biggest exporter of thermal coal and palm oil. The...
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India coal imports surge in July, despite advancing prices
July 26, 2018, 7:14 pm
LAUNCESTON, Australia (Reuters) - India’s coal imports appear to have surged in July and may even come close to a monthly record as it grapples with domestic transport woes and rising demand for electricity. Coal imports are on track to reach 19.7 million tonnes in July, according to...
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