The Adaro Blog

BHP Models Leaner Look For Mining
May 4, 2015, 3:49 pm
Shareholders in the world’s biggest mining company, BHP Billiton, could set a tone for the industry this week when they vote on whether to support a plan to make the company smaller. Spurning the bigger-is-better mantra that has characterized the mining sector’s long boom since the...
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No more hot air on infrastructure: Jokowi
May 4, 2015, 3:47 pm
http://www.thejakartapost.com/news/2015/04/30/no-more-hot-air-infrastructure-jokowi.html President Joko “Jokowi” Widodo pledged on Wednesday to walk the talk in fulfilling his infrastructure development promises, amid worries among investors over the sluggish realization of...
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THERMAL COAL-Futures stabilise after losing streak
April 29, 2015, 3:58 pm
LONDON, March 18 (Reuters) – Thermal coal futures were firm on Wednesday, consolidating in a lower range, after the market erased gains made on speculation that supply cuts could outweigh weak demand. European API2 2015 coal futures were up 0.9 percent to $58.25 a tonne, after a week of...
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Indian Demand For Energy Is Good News For Coal Miners
April 27, 2015, 3:59 pm
India appears set to achieve its decades-long goal of overtaking China as the Asian giant with the fastest growing economy and if that achievement can be sustained it could be the spark which re-ignites the fading Australian coal mining industry. Over the past two years, thanks to low prices and...
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Newcastle coal market needs transparency to gain credibility: Russell
April 25, 2015, 4:13 pm
Should there be a debate about the efficiency and transparency of Asian’s main thermal coal price indicator, the Newcastle index? The Newcastle weekly index, which underpins physical and paper trading, has jumped around this year, gaining almost 21 percent between a six-year low on Jan. 9...
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Bu Rini is targetting a May start for Batang
April 24, 2015, 4:00 pm
Indonesia’s plans to root out graft at huge state companies, lure investment from China and take control of its largest gas field–all key to new President Joko Widodo’s economic plans–hinge largely on a minister trying to infuse government with a private-sector...
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Coal India output won’t keep imports low
April 22, 2015, 4:01 pm
Despite Coal India reporting the sharpest production growth in two decades in FY15 and the momentum expected to remain in the current fiscal, the country’s coal imports are set to accelerate. Power companies, one of the major consumers of coal, have firmed up plans to import 73 million tonne...
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China’s March coal imports down 32.7% on year
April 20, 2015, 4:02 pm
Singapore (Platts)–13Apr2015/949 am EDT/1349 GMT China’s coal imports, including lignite, thermal and metallurgical coal, fell 32.7% year on year to 17.03 million mt in March, the ninth consecutive year-on-year decline, data from the General Administration of Customs (GAC) showed...
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Thailand’s PTT considering investment in Indonesia coal
April 17, 2015, 4:03 pm
Thailand’s top energy firm PTT Pcl is considering investing in coal projects in Indonesia and listing its foreign investment arm there, expecting coal to find sustained demand in the region despite recent price weakness, company executives said. “We have seen regional demand for...
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‘Sustainability’ gone mad on college campuses
April 15, 2015, 4:04 pm
Syracuse University alumni are new additions to the lengthening list of people who can stop contributing to their alma maters. The university has succumbed — after, one suspects, not much agonizing — to the temptation to indulge in progressive gestures. It will divest all fossil fuel...
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