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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, 07 May 11
BERAU INKS DEALS WITH CHINESE FIRMS AS COAL WEATHERS COMMODITIES STORM - THE JAKARTA GLOBE
The Jakarta Globe reported that, Berau Coal, one of the country’s largest coal miners, has signed sales contracts with two Chinese companies a ...
Saturday, 07 May 11
SUPRAMAXES ARE AT AROUND $ 13,500-14,000 PER DAY FOR SINGLE TRIPS
COALspot.com - The freight remained fairly steady this week with the BDI up by 71 points and closing at 1,340 points, said Capt. Reddy, the director ...
Saturday, 07 May 11
COAL PRODUCTION MAY REACH 95M TONS IN SECOND QUARTER - THE JAKARTA POST
The Jakarta Post reported that, Indonesian miners are projected to produce around 95 million tons of coal in the second quarter of this year after l ...
Friday, 06 May 11
BUKIT ASAM TO CLOSE COAL TAKEOVER IN Q2 - INSIDER STORIES
The state-controlled PT Tambang Bukit Asam Tbk (PTBA) expects to complete acquisition of two coal mining companies from four companies which is now ...
Thursday, 05 May 11
SUPRAS IN NORTH CHINA ARE GETTING CLOSE TO $ 13K FOR INDO-INDIA
Handy
The Atlantic market is stable/flat with positive undertone meaning more enquiries hitting the market today. Lack of prompt vessels. Trips to ...
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- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Dalmia Cement Bharat India
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Central Electricity Authority - India
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
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