The Adaro Blog

Coal ETF on the Mend: Will the Momentum Last?
March 24, 2016, 12:47 pm
The dark days of coal suddenly lit up with coal ETF, Market Vectors Coal ETF (KOL), adding about 25% so far this year. In just the last one month, the fund advanced 27.5% while it scooped up about 17% returns in the last five trading sessions (as of March 7, 2016). Investors should note that...
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JPMorgan to avoid financing coal projects
March 23, 2016, 12:49 pm
NEW YORK: Wall Street banking giant JPMorgan Chase said on Monday (Mar 7) that it would avoid financing new coal projects in advanced economies due to their contribution to global warming. The bank’s official Environmental and Social Policy Framework drew a line against supporting new or...
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Indonesia’s March HBA thermal coal price up 1.4% on month
March 23, 2016, 12:48 pm
Indonesia’s Ministry of Energy and Mineral Resources set its March thermal coal reference price, also known as Harga Batubara Acuan, at $51.62/mt FOB, for its first rise in a year. March’s HBA price represents a rise of 1.4% from February but a drop of nearly 24% year on year. The...
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RI may have to import coal for future power plants: Study
March 18, 2016, 12:51 pm
With coal prices continuing to decline, Indonesia will struggle to provide the coal needed to fire up its power stations in the near future, a study predicts. The government is struggling to expedite a number of power plant projects under its ambitious 35,000 megawatt (MW) generation program,...
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China sets cap for energy consumption for first time
March 16, 2016, 12:52 pm
BEIJING (Reuters) – China aims to keep energy consumption within 5 billion tonnes of standard coal equivalent by 2020, it said in its five-year plan published on Saturday, marking the first time the world’s second-biggest economy has set such a target. China has long been considering...
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South Korea expects record coal demand in 2016
March 14, 2016, 12:53 pm
SEOUL: An increase in the number of coal-fired power plants starting operations this year will likely drive record coal demand in South Korea, despite the country’s pledge to curb greenhouse gas emissions at last year’s Paris climate summit. The Korea Energy Economics Institute...
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Coal India to enhance production of coal to 1bn tonnes of Coal by 2019-20
March 11, 2016, 12:54 pm
A roadmap has been prepared by Coal India Limited (CIL) to substantially enhance production of coal to 1 Billion Tonnes of Coal by 2019-20 from the production level of 494.23 Mte. achieved in 2014-15. This was stated by Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable...
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Glencore sees coal price improving in 2016 and wants to buy a coal mine with BHP
March 10, 2016, 12:55 pm
Glencore believes thermal coal markets will improve in 2016 and the Swiss miner wants to work with BHP Billiton to jointly buy a stake in a Colombian coal mine. BHP and Glencore both own 33 per cent of the Cerrejon coal mine in Colombia, and have been approached by the owner of the remaining 33...
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US shale to OPEC: Above $40, we are coming back
March 7, 2016, 12:56 pm
For leading U.S. shale oil producers, $40 is the new $70. Less than a year ago major shale firms were saying they needed oil above $60 a barrel to produce more; now some say they will settle for far less in deciding whether to crank up output after the worst oil price crash in a...
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For leading U.S. shale oil producers, $40 is the new $70.
March 4, 2016, 12:57 pm
Chinese coal companies lobbied government officials, including Premier Li Keqiang, to set a price floor for coal to protect against bankruptcy and prevent job cuts, according to people familiar with the matter. The proposal was made to Li during his trip to Shanxi province in January by...
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