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Indonesian Billionaire Garibaldi Thohir’s Adaro Energy To Raise $291 Million From Coal Unit’s IPO
Indonesian billionaire Garibaldi Thohir's Adaro Energy plans to raise up to $291 million through the IPO of its coal mining unit as the company aims to reduce exposure to fossil fuels.
Indonesia's Adaro Energy to raise $292 million with listing of coal unit
Indonesia's Adaro Energy, the world's sixth-largest coal miner, will spin off its unit PT Adaro Andalan (AAI) in an initial public offer worth up to 4.594 trillion rupiah ($291.6 million), the company said on Tuesday.
Adaro Eyes $291 Million from Unit IPO to Spin Off Coal Business
Coal miner PT Adaro Andalan Indonesia may raise as much as 4.59 trillion rupiah ($291 million) from an initial share sale, part of a move by its parent company to shift away from fossil fuels.
8h
on MSN
Work underway to douse potential fires from former Colorado coal mines in Marshall south of Boulder
Heavy equipment is now at work at the Marshall Mesa Trailhead in Boulder County, digging and tossing and mixing and replacing ...
10h
on MSN
Indonesia to build 75 GW of renewable energy in the next 15 years, COP29 envoy says
Indonesia plans to offer to international investors opportunities to build 75 gigawatts (GW) of renewable power in the ...
14h
on MSN
Southern could extend coal retirement date to meet AI demand, CEO says
The booming demand for electricity from data centers and new factories requires an "all of the above" energy strategy, ...
5d
Duke Energy to Revisit Coal Plans If Trump Axes Pollution Rules
Duke Energy Corp. said it would consider shifting its plans for coal plants if Donald Trump follows through on his promises ...
1d
on MSN
Trump energy allies anticipate boom times for oil, gas, mining
Former President Trump’s election victory has sent a jolt of enthusiasm through the fossil fuel and mining industries as they ...
4h
on MSN
Anglo American coal bidders down to three, say sources
The final bidders for Anglo American's Australian coal assets are down to Yancoal Australia, Stanmore Resources and Peabody ...
4d
With Ready Orders and an Energy Czar, Trump Plots Pivot to Fossil Fuels
President-elect Donald J. Trump’s transition team for climate and the environment is considering relocating the E.P.A. out of ...
15h
Southern CEO Says Extending Coal Among Options to Meet AI Demand
The booming demand for electricity from data centers and new factories requires an “all of the above” energy strategy that ...
E&E
18h
Conservative wish list to Trump: End climate action, boost coal
Conservative groups that have long rejected the science underpinning climate action are lining up behind a policy wish list ...
Reuters
1d
Indonesia's Adaro Energy to raise $292 mln with listing of coal unit
Nov 12 (Reuters) - Indonesia's Adaro
Energy
(ADRO.JK), opens new tab, the world's sixth-largest
coal
miner, will spin off ...
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