COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Wednesday, 06 April 11
FORBES & MANHATTAN COAL ANNOUNCES SIGNIFICANT OFF TAKE AGREEMENT


Steady Cash Flow Will Fund Production Ramp Up

Forbes & Manhattan Coal Corp., ("Forbes Coal" or the "Company") is a producer of high quality bituminous coal and Anthracite from mines in the Klipriver coalfield, near Dundee, in the KwaZulu Natal province of South Africa has signed a three year offtake agreement for 1.75 million tonnes (total) with Vitol S.A. ("Vitol"), a leading energy trading company, according to Forbescoal website.

Vitol will be purchasing thermal coal from the Slater Coal properties at market prices.

Forbes Coal's website further said, cash flow from this offtake agreement will fund the continued ramping up of production at its two operating mines – Magdalena and Aviemore. The agreement is initially for three years and will support the previously announced production expansion plans.

Forbes Coal intends to transport the coal to the Navitrade Coal Terminal in Richards Bay using its increased rail transport and capacity with Transnet Freight Rail and Grindrod Terminals. Grindrod Terminals provides certain logistical, handling and stockpiling services to shippers in connection with the shipment of bulk cargoes. As per the press release of December 7, 2010, Grindrod Terminals shall provide Forbes Coal with export coal capacity in the Terminal of 600,000 metric tonnes in 2011, 720,000 metric tonnes in 2012 and 960,000 metric tonnes in 2013.

"This milestone for Forbes Coal will support our planned expansion into the coal export market. We have seen a steady increase in export prices over the past 12 months, driven by an increase in demand from India. Together with our increased export capacity at Richard's Bay, the Company is on track to establish itself as a mid-tier Southern African coal company." said Stephan Theron, President and Chief Executive Officer of Forbes Coal.



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Saturday, 28 May 11
WCI-CHINA RATES SLIDED TO 15K AND FROM ECI AROUND 12K - FEARNLEYS AS
Handy Rates in the Atlantic remain steady/flat with the Black Sea remaining quiet with little fresh enquiries. The Continent is seeing more tonnag ...


Saturday, 28 May 11
GOLDEN MINES IPO AT RP 2,300 - RP 3,500
Coal miner PT Golden Energy Mines, a wholly owned subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA) which is controlled by Indonesian businessman ...


Friday, 27 May 11
LARGER DRY BULK CARRIERS LEAD BDIS RALLY THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Larger dry bulk vessels have kept on leading the market’s rise this week, with the BDI (Baltic Dry Index) rising by a more than healthy 3.43% ...


Wednesday, 25 May 11
70 PERCENT OF HARUMS PRODUCTION SOLD - BISNIS INDONESIA
Coal producer PT Harum Energy Tbk claimed that out of this year's total production target of 10 million tons, 70% or 7 million tons had been sold, ...


Wednesday, 25 May 11
MINERS BACK GOVT PLAN TO FREEZE MINING PERMITS - THE JAKARTA POST
Indonesian coal miners hailed the government’s decision to impose a moratorium on the issuance of new mining permits, saying the freeze would ...


   1048 1049 1050 1051 1052   
Showing 5246 to 5250 news of total 6871
News by Category
Popular News
 
Total Members : 28,622
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Gujarat Mineral Development Corp Ltd - India
  • Trasteel International SA, Italy
  • SN Aboitiz Power Inc, Philippines
  • Globalindo Alam Lestari - Indonesia
  • BNP Paribas - Singapore
  • Semirara Mining and Power Corporation, Philippines
  • Credit Suisse - India
  • Posco Energy - South Korea
  • Heidelberg Cement - Germany
  • Gresik Semen - Indonesia
  • European Bulk Services B.V. - Netherlands
  • Indian Energy Exchange, India
  • IMC Shipping - Singapore
  • Interocean Group of Companies - India
  • KPMG - USA
  • Holcim Trading Pte Ltd - Singapore
  • Jaiprakash Power Ventures ltd
  • Core Mineral Indonesia
  • Jindal Steel & Power Ltd - India
  • Independent Power Producers Association of India
  • Maybank - Singapore
  • Directorate Of Revenue Intelligence - India
  • Kohat Cement Company Ltd. - Pakistan
  • Surastha Cement
  • Dalmia Cement Bharat India
  • PowerSource Philippines DevCo
  • Marubeni Corporation - India
  • Asmin Koalindo Tuhup - Indonesia
  • Thai Mozambique Logistica
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Kobexindo Tractors - Indoneisa
  • KOWEPO - South Korea
  • Rio Tinto Coal - Australia
  • Barasentosa Lestari - Indonesia
  • MEC Coal - Indonesia
  • Africa Commodities Group - South Africa
  • IBC Asia (S) Pte Ltd
  • Minerals Council of Australia
  • Chettinad Cement Corporation Ltd - India
  • Georgia Ports Authority, United States
  • Panama Canal Authority
  • TeaM Sual Corporation - Philippines
  • Kartika Selabumi Mining - Indonesia
  • Manunggal Multi Energi - Indonesia
  • Aditya Birla Group - India
  • Kaltim Prima Coal - Indonesia
  • Deutsche Bank - India
  • Inspectorate - India
  • Tamil Nadu electricity Board
  • CNBM International Corporation - China
  • Merrill Lynch Bank
  • TANGEDCO India
  • Lafarge - France
  • Agrawal Coal Company - India
  • Malco - India
  • Star Paper Mills Limited - India
  • Australian Coal Association
  • Maruti Cements - India
  • International Coal Ventures Pvt Ltd - India
  • PetroVietnam
  • Riau Bara Harum - Indonesia
  • Timah Investasi Mineral - Indoneisa
  • Edison Trading Spa - Italy
  • Antam Resourcindo - Indonesia
  • World Bank
  • Ince & co LLP
  • Central Java Power - Indonesia
  • Baramulti Group, Indonesia
  • Coeclerici Indonesia
  • Indika Energy - Indonesia
  • The Treasury - Australian Government
  • Intertek Mineral Services - Indonesia
  • Parliament of New Zealand
  • Anglo American - United Kingdom
  • Electricity Generating Authority of Thailand
  • PetroVietnam Power Coal Import and Supply Company
  • RBS Sempra - UK
  • GNFC Limited - India
  • Wilmar Investment Holdings
  • Bangladesh Power Developement Board
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • DBS Bank - Singapore
  • Tanito Harum - Indonesia
  • Chamber of Mines of South Africa
  • Bukit Asam (Persero) Tbk - Indonesia
  • Indorama - Singapore
  • Cebu Energy, Philippines
  • Energy Link Ltd, New Zealand
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • KPCL - India
  • Essar Steel Hazira Ltd - India
  • SMC Global Power, Philippines
  • Bank of America
  • Mitsubishi Corporation
  • Sree Jayajothi Cements Limited - India
  • Bangkok Bank PCL
  • Ind-Barath Power Infra Limited - India
  • Barclays Capital - USA
  • SUEK AG - Indonesia
  • Sical Logistics Limited - India
  • Billiton Holdings Pty Ltd - Australia
  • Noble Europe Ltd - UK
  • Sojitz Corporation - Japan
  • EIA - United States
  • India Bulls Power Limited - India
  • Humpuss - Indonesia
  • Freeport Indonesia
  • Orica Australia Pty. Ltd.
  • Global Coal Blending Company Limited - Australia
  • Global Green Power PLC Corporation, Philippines
  • NTPC Limited - India
  • Sinarmas Energy and Mining - Indonesia
  • CESC Limited - India
  • NALCO India
  • Ministry of Finance - Indonesia
  • Bukit Makmur.PT - Indonesia
  • Central Electricity Authority - India
  • Grasim Industreis Ltd - India
  • Thomson Reuters GRC
  • South Luzon Thermal Energy Corporation
  • Alfred C Toepfer International GmbH - Germany
  • Kapuas Tunggal Persada - Indonesia
  • Thiess Contractors Indonesia
  • Uttam Galva Steels Limited - India
  • IHS Mccloskey Coal Group - USA
  • Tata Power - India
  • SGS (Thailand) Limited
  • Moodys - Singapore
  • Peabody Energy - USA
  • UOB Asia (HK) Ltd
  • Coaltrans Conferences
  • Karaikal Port Pvt Ltd - India
  • Bayan Resources Tbk. - Indonesia
  • Leighton Contractors Pty Ltd - Australia
  • Ceylon Electricity Board - Sri Lanka
  • Planning Commission, India
  • globalCOAL - UK
  • Shree Cement - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Jatenergy - Australia
  • U S Energy Resources
  • Lanco Infratech Ltd - India
  • London Commodity Brokers - England
  • Infraline Energy - India
  • TRAFIGURA, South Korea
  • Kumho Petrochemical, South Korea
  • Coalindo Energy - Indonesia
  • Makarim & Taira - Indonesia
  • Straits Asia Resources Limited - Singapore
  • Maheswari Brothers Coal Limited - India
  • Krishnapatnam Port Company Ltd. - India
  • Kalimantan Lumbung Energi - Indonesia
  • Ambuja Cements Ltd - India
  • Xindia Steels Limited - India
  • Iligan Light & Power Inc, Philippines
  • EMO - The Netherlands
  • PNOC Exploration Corporation - Philippines
  • McKinsey & Co - India
  • GB Group - China
  • CIMB Investment Bank - Malaysia
  • GHCL Limited - India
  • Total Coal South Africa
  • Platou - Singapore
  • HSBC - Hong Kong
  • Australian Commodity Traders Exchange
  • Energy Development Corp, Philippines
  • IEA Clean Coal Centre - UK
  • Adani Power Ltd - India
  • IOL Indonesia
  • Runge Indonesia
  • Meralco Power Generation, Philippines
  • Singapore Mercantile Exchange
  • Mercator Lines Limited - India
  • Asian Development Bank
  • Latin American Coal - Colombia
  • Gujarat Electricity Regulatory Commission - India
  • Global Business Power Corporation, Philippines
  • Gupta Coal India Ltd
  • Adaro Indonesia
  • TGV SRAAC LIMITED, India
  • PTC India Limited - India
  • McConnell Dowell - Australia
  • Cargill India Pvt Ltd
  • Petrochimia International Co. Ltd.- Taiwan
  • Thailand Anthracite
  • WorleyParsons
  • Attock Cement Pakistan Limited
  • The State Trading Corporation of India Ltd
  • ING Bank NV - Singapore
  • Cemex - Philippines
  • Borneo Indobara - Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Sarangani Energy Corporation, Philippines
  • Electricity Authority, New Zealand
  • Cigading International Bulk Terminal - Indonesia
  • PLN Batubara - Indonesia
  • JPMorgan - India
  • Power Finance Corporation Ltd., India
  • Samtan Co., Ltd - South Korea
  • Bank of China, Malaysia
  • Inco-Indonesia
  • Binh Thuan Hamico - Vietnam
  • Directorate General of MIneral and Coal - Indonesia
  • CCIC - Indonesia
  • VISA Power Limited - India
  • Russian Coal LLC
  • Goldman Sachs - Singapore
  • Coal Orbis AG
  • JPower - Japan
  • Port Waratah Coal Services - Australia
  • Larsen & Toubro Limited - India
  • Altura Mining Limited, Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • Renaissance Capital - South Africa
  • Coal and Oil Company - UAE
  • Berau Coal - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Aboitiz Power Corporation - Philippines
  • Indogreen Group - Indonesia
  • Cardiff University - UK
  • Indonesia Power. PT
  • ICICI Bank Limited - India
  • Salva Resources Pvt Ltd - India
  • Reliance Power - India
  • Thermax Limited - India
  • Britmindo - Indonesia
  • Mercuria Energy - Indonesia
  • Mitsui
  • Coal India Limited
  • Kideco Jaya Agung - Indonesia
  • Bulk Trading Sa - Switzerland
  • Fearnleys - India
  • Indian Oil Corporation Limited
  • Price Waterhouse Coopers - Russia
  • Indo Tambangraya Megah - Indonesia
  • Videocon Industries ltd - India
  • Sakthi Sugars Limited - India
  • bp singapore
  • Samsung - South Korea
  • Carbofer General Trading SA - India
  • Platts
  • Bhoruka Overseas - Indonesia
  • Clarksons - UK
  • Vitol - Bahrain
  • Madhucon Powers Ltd - India
  • Indian School of Mines
  • Banpu Public Company Limited - Thailand
  • Asia Cement - Taiwan
  • Sucofindo - Indonesia
  • Commonwealth Bank - Australia
  • Metalloyd Limited - United Kingdom
  • New Zealand Coal & Carbon
  • Eastern Energy - Thailand
  • Mechel - Russia
  • Wood Mackenzie - Singapore
  • OPG Power Generation Pvt Ltd - India
  • Cement Manufacturers Association - India
  • Kobe Steel Ltd - Japan
  • Glencore India Pvt. Ltd
  • Mjunction Services Limited - India
  • Simpson Spence & Young - Indonesia
  • Merrill Lynch Commodities Europe
  • OCBC - Singapore
  • Indonesian Coal Mining Association
  • Coastal Gujarat Power Limited - India
  • Ernst & Young Pvt. Ltd.
  • Ministry of Transport, Egypt
  • BRS Brokers - Singapore
  • The India Cements Ltd
  • Parry Sugars Refinery, India
  • CoalTek, United States
  • MS Steel International - UAE
  • Mitra SK Pvt Ltd - India
  • Qatrana Cement - Jordan
  • Oldendorff Carriers - Singapore
  • Neyveli Lignite Corporation Ltd, - India
  • UBS Singapore
  • Cosco
  • Standard Chartered Bank - UAE
  • SASOL - South Africa
  • Shenhua Group - China
  • TNPL - India
  • Miang Besar Coal Terminal - Indonesia
  • Bhushan Steel Limited - India
  • AsiaOL BioFuels Corp., Philippines
  • White Energy Company Limited
  • Economic Council, Georgia
  • GN Power Mariveles Coal Plant, Philippines
  • Eastern Coal Council - USA
  • Bahari Cakrawala Sebuku - Indonesia
  • LBH Netherlands Bv - Netherlands
  • Siam City Cement PLC, Thailand
  • Mintek Dendrill Indonesia
  • GMR Energy Limited - India
  • Thriveni
  • Geoservices-GeoAssay Lab
  • Idemitsu - Japan
  • Karbindo Abesyapradhi - Indoneisa
  • ANZ Bank - Australia
  • Orica Mining Services - Indonesia
  • Romanian Commodities Exchange
  • Petron Corporation, Philippines
  • Kepco SPC Power Corporation, Philippines
  • Xstrata Coal
  • Semirara Mining Corp, Philippines
  • Bukit Baiduri Energy - Indonesia
  • Pinang Coal Indonesia
  • Arch Coal - USA
  • TNB Fuel Sdn Bhd - Malaysia
  • Maharashtra Electricity Regulatory Commission - India
  • Enel Italy
  • GAC Shipping (India) Pvt Ltd
  • Vale Mozambique
  • J M Baxi & Co - India
  • Toyota Tsusho Corporation, Japan
  • Argus Media - Singapore
  • Petrosea - Indonesia
  • Siam City Cement - Thailand
  • Savvy Resources Ltd - HongKong
  • KEPCO - South Korea
  • Gujarat Sidhee Cement - India
  • Meenaskhi Energy Private Limited - India
  • Malabar Cements Ltd - India
  • Formosa Plastics Group - Taiwan
  • ETA - Dubai
  • ASAPP Information Group - India
  • SMG Consultants - Indonesia
  • Pendopo Energi Batubara - Indonesia
  • Bhatia International Limited - India
  • San Jose City I Power Corp, Philippines
  • PLN - Indonesia
  • GVK Power & Infra Limited - India
  • World Coal - UK
  • Permata Bank - Indonesia
  • The University of Queensland
  • APGENCO India
  • Vijayanagar Sugar Pvt Ltd - India
  • Jorong Barutama Greston.PT - Indonesia
  • Maersk Broker
  • Japan Coal Energy Center
  • Vizag Seaport Private Limited - India
  • Tata Chemicals Ltd - India
  • Ministry of Mines - Canada
  • Bharathi Cement Corporation - India
  • Vedanta Resources Plc - India
  • Arutmin Indonesia
  • Sindya Power Generating Company Private Ltd
  • Therma Luzon, Inc, Philippines
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Rudhra Energy - India
  • Medco Energi Mining Internasional
  • Deloitte Consulting - India
  • ACC Limited - India
  • SRK Consulting
  • Offshore Bulk Terminal Pte Ltd, Singapore