The Adaro Blog

Coal Rides Commodities Rally in Push to 10-Month High in Europe
June 8, 2016, 12:02 pm
European coal prices surged to the highest in 10 months, buoyed by rising fuel prices and supply disruptions. Coal for delivery to northwest Europe next year gained for a ninth day on Monday, adding 3.2 percent to the highest since August 7, according to broker data compiled by Bloomberg. The...
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Colombian thermal coal heads to Middle East in rare move
June 6, 2016, 12:04 pm
Singapore (Platts)–3 Jun 2016 523 am EDT/923 GMT In a rare move, a Capesize vessel laden with Colombian thermal coal has made its way to the Persian Gulf, according to S&P Global Platts cFlow trade-flow software and trade sources this week. The MV Pioneer, a 171,681 dwt Capesize...
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BHP steps up carbon storage efforts
June 6, 2016, 12:03 pm
BHP Billiton is stepping up its efforts to bolster the use of technology to capture and store carbon emissions, by funding a joint research program with Peking University, which is aimed at slashing carbon emissions in the industrial sector. The company is already working in the power sector in...
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How Indonesia is mining its problems away
June 3, 2016, 12:12 pm
https://govinsider.asia/innovation/how-indonesia-is-mining-its-problems-away/ The Oppenheimer Blue sits in a proportionate cut, emanates azure hues under light, and has been described as “the Mona Lisa of blue stones”. The prized diamond shone at auctioneers in Geneva this May, and...
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THERMAL COAL-Market rises as production cuts tackle glut
June 3, 2016, 12:11 pm
European thermal coal prices rose this week, boosted by cuts to production shrinking the supply overhang, while higher oil prices were also supportive. European cargoes for nearby delivery to Amsterdam, Rotterdam or Antwerp (ARA) last closed at $52.31 a tonne, up around 3 percent in the past...
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Coal producers to raise prices of water-transported products
June 1, 2016, 12:13 pm
Four major coal companies are to raise the price of their coal ready for shipment at ports by 10 yuan ($1.5) per ton during June. Shenhua Group Corp, China Coal Energy Group Co Ltd, Datong Coal Mine Group and Inner Mongolia Yitai Group Co Ltd revealed the move on Friday. According to a report...
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Indonesia says coal output will fall next year
May 31, 2016, 12:14 pm
http://www.miningweekly.com/article/indonesia-says-coal-output-will-fall-next-year-2016-05-30 Indonesia expects its coal production to edge down in 2017, as smaller miners cut output due to lower prices for the commodity, a government official said on Monday. “It’s natural selection....
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China’s Coal Price Climbs to Eight-Month High Amid Supply Cut
May 30, 2016, 12:15 pm
China’s benchmark coal prices climbed to the highest since September as government steps to curb supply amid a glut started to take effect. Spot coal with an energy value of 5,500 kilocalories per kilogram at the port of Qinhuangdao, China’s benchmark grade, rose 10 yuan to an...
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Global hard coking coal prices to rise, sharper adjustment in Q3: Wood Mac
May 29, 2016, 12:31 pm
Barcelona (Platts)–26 Apr 2016 702 am EDT/1102 GMT Global coking coal prices are expected to rise over the next few years at a more stable rate following a possible sharper price increase in third-quarter 2016 contracts, consultants Wood Mackenzie said Tuesday. With spot prices now...
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Why coal is a bad bet for Indonesia’s future
May 27, 2016, 12:17 pm
http://www.thejakartapost.com/academia/2016/05/26/why-coal-is-a-bad-bet-for-indonesias-future.html This month, across the world, people are standing up for a future without fossil fuels. The Break Free movement envisages a world powered not with the dirty energies of coal and oil, but with...
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