The Adaro Blog
No coal price recovery for ‘a long, long time’ says Rio Tinto
July 3, 2015, 3:22 pm
“Is coal part of Rio Tinto today? The answer is yes, but any asset is for sale at any point in time,” says Rio Tinto coal boss Jean-Sébastien Jacques. Philip Gostelow
Rio Tinto’s new coal boss Jean-Sébastien Jacques, says it will likely take three or four years...
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When will Asia’s coal market see some recovery?
July 1, 2015, 3:23 pm
Fresh from covering Coaltrans Asia in Bali, Indonesia, Platts associate editor Arusha Das talks to fellow associate editor Mia Corazon Aureus about the coal market’s sentiment, Indonesia’s production targets and plan to raise coal royalty tax, as well as India’s role in the...
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Biggest Coal Shipper’s Power Plan Offers Relief From Bear Market
June 26, 2015, 3:25 pm
by Fitri WulandariBen Sharples
The coal market’s best hope of breaking a four-year losing streak may be its biggest supplier’s plan to burn more at home.
Indonesia plans to expand generating capacity by 46 percent in four years with new power plants, half of them burning coal. If...
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DrillingDown: Vietnam shines among dimming prospects for thermal coal
June 22, 2015, 3:28 pm
With the Pope set to join the G7 and the Church of England to call for the neutralisation of fossil fuels, coal looks to be on a losing wicket. But the Australian coal sector, battered and bruised after several tough years, isn’t panicking. Indeed, the view that came through strongly at...
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Australian coal prices rise as scorching Asian heat pushes up demand
June 19, 2015, 3:29 pm
SINGAPORE, June 17 (Reuters) – Australian coal prices have risen almost 8 percent since the beginning of June as a drought in South Asia pushes up power demand, although the overall sentiment in the sector remains bearish due to falling imports by other major Asian buyers.
Coal prices for...
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Glencore sees slight coal undersupply
June 17, 2015, 3:29 pm
Speaking on video to Creamer Media’s senior staff writer Zandile Mavuso at Glencore’s donation of a new R75-million state-of-the-art school to South Africa’s Department of Basic Education, Glencore CEO Ivan Glasenberg outlined higher expected future demand for seaborne coal, owing...
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Asean can beat China on value chain offers
June 12, 2015, 3:31 pm
Economically-integrated Asean can replace China in providing multi-national companies (MNCs) a total value chain for their business, according to TMF Group’s new paper paper entitled The AseanCommunity: Capturing the zeitgeist of rising Asia”.
Yet, that would be achieved if all...
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Rothschild vehicle considering offer for coal miner ARMS
June 10, 2015, 3:32 pm
(Reuters) – A trust controlled by British financier Nat Rothschild and the parent of Russia’s Siberian Coal Energy Co are considering making a cash offer for coal miner Asia Resource Minerals Plc , which has most of its operations in Indonesia.
The potential offer from NR Holdings...
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Indonesia to review mining licences, push consolidation in coal
June 9, 2015, 3:33 pm
NUSA DUA, Indonesia, June 8 (Reuters) – Indonesia will push for consolidation in its mining sector while coal prices are low and may soon revoke more than 4,000 licences that have caused problems in the coal and minerals sectors, its mining and energy minister said on Monday.
Indonesia...
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