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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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Wednesday, 25 May 11
DRY BULK MARKET ENTERS WEEK ON A HIGH NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has managed to end its downward trend of the past few weeks and surge back on higher ground. Yesterday, the Baltic Dry Index (BD ...
Monday, 23 May 11
BRMS IS TO START PRODUCTION FROM DAIRI PRIMA MINERALS
COALspot.com - The Presidential Decree No. 28 Year 2011 that allows conditional underground mining in the protected forest areas was issued on 19th ...
Sunday, 22 May 11
INDONESIA - INDIA IS LIKELY TO BE STEADY NEXT WEEK - VISTAAR SINGAPORE
COALspot.com - The freight market remained soft beginning of the week, however second half of the week was firm with BDI up by 3.29 pct and closed a ...
Saturday, 21 May 11
OWNERS PREFER TO DO INDO COAL OR NICKEL ORE TO CHINA RATHER THAN GOING TO INDIA - FEARNBULK
Handy
The Atlantic is marked by volatility and very positional, nevertheless USG,NCSA, Cont remain strong thanks to the petcoke, grains and scrap ...
Friday, 20 May 11
GOVT TOLD TO LIMIT COAL, GAS EXPORTS - THE JAKARTA POST
The Jakarta Post, a leading news paper in Indonesia, reported that, Amid soaring global oil prices, the government should limit exports of coal and ...
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- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- MS Steel International - UAE
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- Minerals Council of Australia
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
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