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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, 13 April 11
CAPESIZE VESSELS ARE DELIVERED AT A PACE OF ONE NEW VESSEL EVERY SECOND DAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a clear sign that it will take a significant rise in global seaborne dry bulk trade in order to be able to absorb the flurry of new building tonn ...
Sunday, 10 April 11
SOFT FREIGHT MARKET TREND LIKELY TO BE CONTINUED - VISTAAR SHIPPING
COALspot.com - The freight market continued to soften further with the BDI breaking the 1,500 points and closing at 1376 points down by almost 10 pc ...
Thursday, 07 April 11
HANDY RATES SLIDING NOW - FEARNBULK
Handy
Slowly softening rates as more tonnage is accumulating in the Atlantic basin.The trans-Atlantic round is around $15k pd with trips to ...
Thursday, 07 April 11
DRY BULK MARKET PLUNGING EVEN FURTHER ON LOW CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has continued its falling pattern this week, with every day proving to be painful for ship owners, especially those of the large ...
Thursday, 07 April 11
INDIKA BUYS MITRABAHTERA AT US$ 0.183
PT Indika Energy Tbk (INDY), integrated energy company, today has exercised an option agreement to acquire 51% shareholding in newly listed coal tug ...
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Showing 5311 to 5315 news of total 6871 |
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- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- Planning Commission, India
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
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