The Adaro Blog

German Wind, Solar Power Beat Coal Generation for First Time
July 11, 2018, 7:23 pm
Germany’s wind and solar farms surpassed lignite and hard coal as sources of electricity for the first time during the six months to June, a sign the market is starting to squeeze out the dirtiest fossil fuels. The power mix in Europe’s biggest economy hit a turning point when clean...
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Thermal Coal Prices Are Soaring
July 9, 2018, 6:46 pm
Benchmark seaborne thermal coal prices jumped to $120.10 per tonne on Thursday, its highest level since November 2012, thanks to tight supply in key Asian export regions. Measured from lows hit end-2015, early 2016 coal used in power generation has gained 140 percent. Strong consumption in...
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What the failed Glencore-Tohoku coal talks mean for the market
July 5, 2018, 7:12 pm
TOKYO/SINGAPORE (Reuters) - Electric utilities in Japan and other Asian countries are driving blind when it comes to coal prices after the failure of Japan’s Tohoku Electric and Glencore to agree on an annual thermal coal contract that is used to set prices for the region. Tohoku Electric...
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Coal Expected to Surpass Iron Ore as Australia’s Top Export
July 3, 2018, 7:52 pm
Thanks to a surge in demand and a subsequent thermal coal price hike, Australia’s coal sector is expected to become the country’s largest export earner, generating approximately AU$117.9 billion during the 2017-2019 period. The bulk of the coal revenue is expected to come from the...
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Australian Newcastle spot coal prices hit US$120 for 1st time since 2012
July 2, 2018, 7:48 pm
SINGAPORE: Australian thermal coal prices have broken through $120 per tonne for the first time since 2012, driven up by strong consumption in Asia and spot market buying by Japanese utilities to meet demand through the rest of 2018. Thermal coal cargoes for prompt export from Australia's...
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China's coal province imposes special emission caps on industry
June 28, 2018, 7:23 pm
SHANGHAI (Reuters) - The major coal producing province of Shanxi in northern China will impose special emissions restrictions on big industrial sectors by October as part of its bid to curb smog, a local environmental official said. Shanxi, together with neighboring Shaanxi, is set to be...
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Global thermal coal demand likely to outstrip supply in H2 2018: Citi
June 25, 2018, 7:08 pm
Global seaborne thermal coal supply is expected to fall short of expected demand in the second half of this year amid falling capital expenditures at key miners, Citi analysts said in a note Monday. Citi analysts expect global seaborne thermal coal supply to be 477 million mt in H2 2018, about...
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Peabody clears legal hurdle in Australian Wilpinjong coal mine extension plan
June 21, 2018, 5:17 pm
Sydney (Platts)--20 Jun 2018 1111 pm EDT/311 GMT   A legal challenge to Peabody Energy's planned extension of its Wilpinjong thermal coal mine in the Australian state of New South Wales has been dismissed this week by the state's Land and Environment Court.   A local...
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Mongolia parliament considers IPO for giant coal mine
June 21, 2018, 5:14 pm
ULAANBAATAR, June 21 (Reuters) - The Mongolian government on Thursday submitted plans to parliament to list a chunk of the state-owned company that holds the giant Tavan Tolgoi coal mine. The potential initial public offering comes as the country looks to kickstart the long-delayed development...
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China's Taxing America's Coal Just as It Was Looking to Buy More
June 18, 2018, 5:10 pm
Forgive U.S. coal miners for feeling a bit of whiplash over China’s trade policies. Just two weeks ago, the Chinese government was said to be considering buying more American coal as part of an effort to narrow its trade deficit with the U.S. Now, in retaliation for President Donald...
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