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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.
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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 ...
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- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- 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
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- CNBM International Corporation - China
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Baramulti Group, 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
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- 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
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- 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
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Goldman Sachs - Singapore
- 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
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- 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
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
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