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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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Tuesday, 19 April 11
LONDON COMMODITY BROKERS OPENS JOHANNESBURG OFFICE
COALspot.com - London Commodity Brokers (LCB), a broking house specialising in bulk physical and Over-The-Counter commodities and options (coal ...
Tuesday, 19 April 11
TNPL TO CONDUCT E-AUCTION TO SECURE 160,000 MT OF COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL) a state utility of Tamil Nadu, India to conduct reverse auction on 20 April 2011, betw ...
Tuesday, 19 April 11
ADARO TO ALLOT US$100 MIO FOR COKING COAL - INSIDER STORIES
One of Indonesia's largest coal miner PT Adaro Energy Tbk (ADRO) plans to spend US$100 million in coking coal project dubbed IndoMet Coal, a joint ...
Tuesday, 19 April 11
KPCL TO OPEN PRICE BID ON 23 APRIL 2011 TO FINALIZE ITS ONE MILLION MT COAL SUPPLIER
COALspot.com - Karnataka Power Corporation (KPCL) a state utility of Karnataka, India called for open tender for supply of one million tons of 6300 ...
Monday, 18 April 11
INDONESIA HAS SET THE APRIL 2011 COAL REFERENCE PRICE FOR THERMAL COAL AT US$ 122.02 PER TON
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the April 2011 Indonesian Coal Reference Price for thermal coal at ...
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- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
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