The Adaro Blog

Indonesian coal miner shares tumble on possible new pricing rules
September 13, 2017, 3:56 pm
JAKARTA, Sept 13 (Reuters) - Share prices of some of Indonesia’s biggest coal miners plunged on Wednesday after the country’s mining minister said he would be open to revising domestic coal pricing rules. PT Bukit Asam Tbk was worst hit, tumbling 17 percent to close at 10,075 rupiah...
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India needs to find allies to tap cheap funds for clean coal: trade body
September 7, 2017, 4:39 pm
NEW DELHI (Reuters) - India needs to partner with other countries to tap cheaper funds for cleaner coal technologies as the South Asian nation is expected to use the fuel to produce over half of its power in the next two decades, the World Coal Association chief said on Thursday. India, the...
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BHP upbeat on ore, coal price outlook
September 4, 2017, 4:49 pm
BHP Billiton says prices of the nation’s two biggest exports — iron ore and coking coal — are expected to remain strong until at least the end of the year, in one of the more upbeat assessments of global commodities demand from a big miner in years. In its economic outlook,...
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Engagement by three coal companies staves off Calpers divestment
August 9, 2017, 3:50 pm
Californian pension fund divested from most thermal coal holdings following law change Three coal companies have avoided divestment from Calpers by convincing the US pension fund they planned to make significant changes to their business models. This week Calpers announced it had divested...
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Peabody Mine Survival May Rest on Navajo Coal Gasification Plan
August 7, 2017, 4:33 pm
By Stephen Lee The biggest coal-fired generating station west of the Mississippi could be replaced by a coal gasification plant, raising concerns among environmentalists as well as questions from financial analysts about the economic costs and risks. The tribe “has considered the...
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China's Shenhua suspends two coal mines, Mongolia set to benefit
August 4, 2017, 4:31 pm
ULAANBAATAR, Aug 4 (Reuters) - China Shenhua Energy Co. Ltd has suspended operations at two large open-pit coal mines in northern China, it said late on Thursday, a move that could benefit producers across the border in Mongolia. Shenhua Energy, the listed unit of the state-owned Shenhua Group,...
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China energy regulator raises targets for curbing coal-fired power
August 2, 2017, 4:28 pm
BEIJING (Reuters) - China's energy regulator on Monday said it was raising its targets for curbing coal-fired power capacity over the next few years, as the world's No.2 economy continues its drive against pollution. The National Energy Administration (NEA) said in a statement on its...
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U.S company Xcoal Energy to sell steam coal to fuel-strapped Ukraine
August 1, 2017, 4:24 pm
WASHINGTON (Reuters) - A Pennsylvania-based coal company said on Monday it signed its first contract with Ukraine to sell coal that is burned to produce electricity in a deal sped along by the U.S. and Ukrainian governments. Privately held Xcoal Energy & Resources agreed to supply...
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Glencore finally lands a stake in Australian coal mines with £1bn deal
July 28, 2017, 4:19 pm
Glencore has acquired half a coal mine in Australia, just weeks after losing a bidding war to buy the whole lot. The FTSE 100 mining giant will shell out $1.1bn (£839m) to buy a 49pc stake in the Hunter Valley Operations in New South Wales. It will buy out Japanese conglomerate...
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Japan environment minister to urge to rethink on coal project: media
July 26, 2017, 5:56 pm
TOKYO (Reuters) - Japan's environment minister is likely to recommend the trade ministry reconsider a coal-fired power project planned by Chubu Electric Power Co amid concerns over rising carbon emissions, local media said on Wednesday. The likely recommendation comes as the environment...
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