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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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Friday, 04 March 11
IRON ORE FROM INDIA HAS BEEN QUIET
Handy
Activity has been gradually rising in the Atlantic but it is mostly confined to the USG market. Short period basis redelivery Atlantic has b ...
Thursday, 03 March 11
TNPL INDIA LOOKING FOR 160,000 MT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. is seeking to import 160,000 plus minus 5 percent metric tons of non-coking coal with Gross Calo ...
Wednesday, 02 March 11
MIXED FORTUNES FOR DRY BULK OWNERS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although the dry bulk market has been on the positive side this week, things still look quite uncertain in the near term, with most owners puzzled a ...
Wednesday, 02 March 11
INDIA, 2ND LARGEST IMPORTER OF INDONESIAN COAL IN 2010
COALspot.com: Indonesia, the world largest coal exporter, shipped 24.68 million tons of coal in January 2011, which was 1.19 percent higher Y-o- ...
Tuesday, 01 March 11
GANGAVARAM PORT, AN INDIAN MODERN PORT CREATES RECORD
COALspot.com - Gangavaram Port, the deepest and the most modern port in India creates yet another record by discharging 65349 MT Coking Coal in 24 h ...
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- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Deloitte Consulting - India
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
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