COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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.



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 19 January 11
DRY BULK MARKET HAS BOTTOMED OUT, AS WEATHER IN AUSTRALIA DIALS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has finally halted its plunge, after a devastating week of yet more losses. The industry’s benchmark, the Baltic Dry Index ...


Tuesday, 18 January 11
MINISTRY SEEKS COAL FROM INDONESIA - SUNDAY OBSERVER
Sunday Observer reported that, Ministry of Power and Energy is to explore the possibilities of importing quality coal from Indonesia. Minister Pa ...


Tuesday, 18 January 11
DRY BULK MARKET HAS BOTTOMED OUT, AS WEATHER IN AUSTRALIA DIALS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has finally halted its plunge, after a devastating week of yet more losses. The industry’s benchmark, the Baltic Dry Index ...


Sunday, 16 January 11
STANCHART GLOBAL RESEARCH SEES COAL PRICE RISING ON SUPPLY DISRUPTION - BURSA MALAYSIA MARKET NEWS
Bursa Malaysia Market News reported that, Standard Chartered Global Research has upgraded its 2011 forecasts for global thermal coal prices based on ...


Saturday, 15 January 11
SUPRAMAX VESSELS FIXED AROUND $ 8K FOR TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The BDI continues to drop and has touched below 1,500 points with the cape index severely affected with the index touching 1,595 poin ...


   1083 1084 1085 1086 1087   
Showing 5421 to 5425 news of total 6871
News by Category
Popular News
 
Total Members : 28,622
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Renaissance Capital - South Africa
  • Russian Coal LLC
  • Salva Resources Pvt Ltd - India
  • Romanian Commodities Exchange
  • New Zealand Coal & Carbon
  • Bank of America
  • Platou - Singapore
  • Bulk Trading Sa - Switzerland
  • Runge Indonesia
  • Iligan Light & Power Inc, Philippines
  • Chettinad Cement Corporation Ltd - India
  • Maheswari Brothers Coal Limited - India
  • Ind-Barath Power Infra Limited - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Leighton Contractors Pty Ltd - Australia
  • Cargill India Pvt Ltd
  • Global Green Power PLC Corporation, Philippines
  • Formosa Plastics Group - Taiwan
  • Australian Commodity Traders Exchange
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Kepco SPC Power Corporation, Philippines
  • Coastal Gujarat Power Limited - India
  • KPMG - USA
  • SASOL - South Africa
  • NTPC Limited - India
  • KOWEPO - South Korea
  • Alfred C Toepfer International GmbH - Germany
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • UOB Asia (HK) Ltd
  • Kobe Steel Ltd - Japan
  • Maersk Broker
  • Ministry of Finance - Indonesia
  • Straits Asia Resources Limited - Singapore
  • ASAPP Information Group - India
  • Metalloyd Limited - United Kingdom
  • Edison Trading Spa - Italy
  • Latin American Coal - Colombia
  • Bangladesh Power Developement Board
  • Therma Luzon, Inc, Philippines
  • Commonwealth Bank - Australia
  • Grasim Industreis Ltd - India
  • Ministry of Transport, Egypt
  • SRK Consulting
  • Binh Thuan Hamico - Vietnam
  • Neyveli Lignite Corporation Ltd, - India
  • Petrosea - Indonesia
  • Indonesian Coal Mining Association
  • CCIC - Indonesia
  • Tamil Nadu electricity Board
  • Agrawal Coal Company - India
  • Thiess Contractors Indonesia
  • U S Energy Resources
  • Thriveni
  • Kobexindo Tractors - Indoneisa
  • Total Coal South Africa
  • Reliance Power - India
  • RBS Sempra - UK
  • SMG Consultants - Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • GB Group - China
  • Electricity Authority, New Zealand
  • IHS Mccloskey Coal Group - USA
  • Meralco Power Generation, Philippines
  • Panama Canal Authority
  • San Jose City I Power Corp, Philippines
  • GHCL Limited - India
  • Berau Coal - Indonesia
  • Kaltim Prima Coal - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Singapore Mercantile Exchange
  • Ernst & Young Pvt. Ltd.
  • Barasentosa Lestari - Indonesia
  • Indika Energy - Indonesia
  • Humpuss - Indonesia
  • Cement Manufacturers Association - India
  • TGV SRAAC LIMITED, India
  • Banpu Public Company Limited - Thailand
  • International Coal Ventures Pvt Ltd - India
  • Cigading International Bulk Terminal - Indonesia
  • South Luzon Thermal Energy Corporation
  • DBS Bank - Singapore
  • Gujarat Mineral Development Corp Ltd - India
  • Enel Italy
  • Fearnleys - India
  • Savvy Resources Ltd - HongKong
  • Antam Resourcindo - Indonesia
  • The University of Queensland
  • WorleyParsons
  • Bukit Makmur.PT - Indonesia
  • Clarksons - UK
  • Semirara Mining and Power Corporation, Philippines
  • Glencore India Pvt. Ltd
  • Coeclerici Indonesia
  • globalCOAL - UK
  • JPower - Japan
  • Deloitte Consulting - India
  • Rio Tinto Coal - Australia
  • Bahari Cakrawala Sebuku - Indonesia
  • Cardiff University - UK
  • Dalmia Cement Bharat India
  • Standard Chartered Bank - UAE
  • CNBM International Corporation - China
  • Indian Oil Corporation Limited
  • Kohat Cement Company Ltd. - Pakistan
  • Merrill Lynch Bank
  • TANGEDCO India
  • PNOC Exploration Corporation - Philippines
  • Planning Commission, India
  • Asia Cement - Taiwan
  • CESC Limited - India
  • EMO - The Netherlands
  • EIA - United States
  • PetroVietnam
  • Adani Power Ltd - India
  • Karaikal Port Pvt Ltd - India
  • Malco - India
  • Kumho Petrochemical, South Korea
  • Credit Suisse - India
  • Attock Cement Pakistan Limited
  • Rashtriya Ispat Nigam Limited - India
  • AsiaOL BioFuels Corp., Philippines
  • Surastha Cement
  • Shree Cement - India
  • Bayan Resources Tbk. - Indonesia
  • Interocean Group of Companies - India
  • UBS Singapore
  • Energy Development Corp, Philippines
  • NALCO India
  • Indian School of Mines
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Madhucon Powers Ltd - India
  • Rudhra Energy - India
  • Geoservices-GeoAssay Lab
  • Mechel - Russia
  • Jorong Barutama Greston.PT - Indonesia
  • Posco Energy - South Korea
  • Africa Commodities Group - South Africa
  • Pinang Coal Indonesia
  • Orica Australia Pty. Ltd.
  • Cosco
  • Petrochimia International Co. Ltd.- Taiwan
  • BNP Paribas - Singapore
  • Gupta Coal India Ltd
  • SMC Global Power, Philippines
  • PetroVietnam Power Coal Import and Supply Company
  • McConnell Dowell - Australia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Goldman Sachs - Singapore
  • Thailand Anthracite
  • Toyota Tsusho Corporation, Japan
  • White Energy Company Limited
  • Mitsubishi Corporation
  • Bukit Baiduri Energy - Indonesia
  • OCBC - Singapore
  • Coalindo Energy - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • Medco Energi Mining Internasional
  • Lanco Infratech Ltd - India
  • London Commodity Brokers - England
  • Lafarge - France
  • Directorate Of Revenue Intelligence - India
  • OPG Power Generation Pvt Ltd - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Jaiprakash Power Ventures ltd
  • Ambuja Cements Ltd - India
  • KPCL - India
  • Bhatia International Limited - India
  • PowerSource Philippines DevCo
  • Infraline Energy - India
  • Semirara Mining Corp, Philippines
  • Holcim Trading Pte Ltd - Singapore
  • Gujarat Electricity Regulatory Commission - India
  • Mjunction Services Limited - India
  • Indorama - Singapore
  • Japan Coal Energy Center
  • ICICI Bank Limited - India
  • MS Steel International - UAE
  • Coal India Limited
  • Asian Development Bank
  • Australian Coal Association
  • Vizag Seaport Private Limited - India
  • Central Java Power - Indonesia
  • Maruti Cements - India
  • Indogreen Group - Indonesia
  • Adaro Indonesia
  • Power Finance Corporation Ltd., India
  • GMR Energy Limited - India
  • Price Waterhouse Coopers - Russia
  • Asmin Koalindo Tuhup - Indonesia
  • Videocon Industries ltd - India
  • PLN Batubara - Indonesia
  • Vitol - Bahrain
  • Gresik Semen - Indonesia
  • GVK Power & Infra Limited - India
  • MEC Coal - Indonesia
  • Mintek Dendrill Indonesia
  • Mercuria Energy - Indonesia
  • PTC India Limited - India
  • Chamber of Mines of South Africa
  • Directorate General of MIneral and Coal - Indonesia
  • Platts
  • McKinsey & Co - India
  • IOL Indonesia
  • Peabody Energy - USA
  • Pendopo Energi Batubara - Indonesia
  • Eastern Coal Council - USA
  • Coal Orbis AG
  • Sree Jayajothi Cements Limited - India
  • Mitra SK Pvt Ltd - India
  • Mercator Lines Limited - India
  • JPMorgan - India
  • Simpson Spence & Young - Indonesia
  • Aditya Birla Group - India
  • Qatrana Cement - Jordan
  • BRS Brokers - Singapore
  • PLN - Indonesia
  • Star Paper Mills Limited - India
  • Parry Sugars Refinery, India
  • TeaM Sual Corporation - Philippines
  • Timah Investasi Mineral - Indoneisa
  • Permata Bank - Indonesia
  • Ministry of Mines - Canada
  • World Coal - UK
  • VISA Power Limited - India
  • Barclays Capital - USA
  • Siam City Cement PLC, Thailand
  • Mitsui
  • Energy Link Ltd, New Zealand
  • Noble Europe Ltd - UK
  • Moodys - Singapore
  • Global Business Power Corporation, Philippines
  • Sinarmas Energy and Mining - Indonesia
  • Malabar Cements Ltd - India
  • IEA Clean Coal Centre - UK
  • Intertek Mineral Services - Indonesia
  • Xstrata Coal
  • Minerals Council of Australia
  • TNPL - India
  • Sucofindo - Indonesia
  • Essar Steel Hazira Ltd - India
  • Sakthi Sugars Limited - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Baramulti Group, Indonesia
  • Riau Bara Harum - Indonesia
  • Vedanta Resources Plc - India
  • Coal and Oil Company - UAE
  • Anglo American - United Kingdom
  • European Bulk Services B.V. - Netherlands
  • Deutsche Bank - India
  • Tata Power - India
  • Port Waratah Coal Services - Australia
  • SN Aboitiz Power Inc, Philippines
  • Karbindo Abesyapradhi - Indoneisa
  • Orica Mining Services - Indonesia
  • IMC Shipping - Singapore
  • Bank of China, Malaysia
  • TRAFIGURA, South Korea
  • ING Bank NV - Singapore
  • Manunggal Multi Energi - Indonesia
  • India Bulls Power Limited - India
  • Indian Energy Exchange, India
  • TNB Fuel Sdn Bhd - Malaysia
  • Meenaskhi Energy Private Limited - India
  • Sarangani Energy Corporation, Philippines
  • Wilmar Investment Holdings
  • Indo Tambangraya Megah - Indonesia
  • Core Mineral Indonesia
  • Arch Coal - USA
  • HSBC - Hong Kong
  • Cemex - Philippines
  • Inco-Indonesia
  • Eastern Energy - Thailand
  • Xindia Steels Limited - India
  • Arutmin Indonesia
  • Wood Mackenzie - Singapore
  • Britmindo - Indonesia
  • Economic Council, Georgia
  • Independent Power Producers Association of India
  • Ince & co LLP
  • Vijayanagar Sugar Pvt Ltd - India
  • Samtan Co., Ltd - South Korea
  • Bharathi Cement Corporation - India
  • Global Coal Blending Company Limited - Australia
  • IBC Asia (S) Pte Ltd
  • Gujarat Sidhee Cement - India
  • Thermax Limited - India
  • GN Power Mariveles Coal Plant, Philippines
  • Coaltrans Conferences
  • Carbofer General Trading SA - India
  • Jatenergy - Australia
  • J M Baxi & Co - India
  • ETA - Dubai
  • GAC Shipping (India) Pvt Ltd
  • Inspectorate - India
  • Marubeni Corporation - India
  • Electricity Generating Authority of Thailand
  • The India Cements Ltd
  • World Bank
  • Larsen & Toubro Limited - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Maybank - Singapore
  • APGENCO India
  • The Treasury - Australian Government
  • Shenhua Group - China
  • Globalindo Alam Lestari - Indonesia
  • Indonesia Power. PT
  • ACC Limited - India
  • Bhoruka Overseas - Indonesia
  • Jindal Steel & Power Ltd - India
  • Cebu Energy, Philippines
  • Thai Mozambique Logistica
  • ANZ Bank - Australia
  • Aboitiz Power Corporation - Philippines
  • Parliament of New Zealand
  • CoalTek, United States
  • SGS (Thailand) Limited
  • Sical Logistics Limited - India
  • KEPCO - South Korea
  • Idemitsu - Japan
  • LBH Netherlands Bv - Netherlands
  • Georgia Ports Authority, United States
  • Tanito Harum - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Ceylon Electricity Board - Sri Lanka
  • bp singapore
  • Trasteel International SA, Italy
  • Central Electricity Authority - India
  • Uttam Galva Steels Limited - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Sojitz Corporation - Japan
  • Kideco Jaya Agung - Indonesia
  • Altura Mining Limited, Indonesia
  • Thomson Reuters GRC
  • Oldendorff Carriers - Singapore
  • Makarim & Taira - Indonesia
  • Sindya Power Generating Company Private Ltd
  • Borneo Indobara - Indonesia
  • Heidelberg Cement - Germany
  • Merrill Lynch Commodities Europe
  • Kalimantan Lumbung Energi - Indonesia
  • Petron Corporation, Philippines
  • Billiton Holdings Pty Ltd - Australia
  • Samsung - South Korea
  • Vale Mozambique
  • Argus Media - Singapore
  • Kapuas Tunggal Persada - Indonesia
  • SUEK AG - Indonesia
  • Bangkok Bank PCL
  • CIMB Investment Bank - Malaysia
  • Tata Chemicals Ltd - India
  • The State Trading Corporation of India Ltd
  • Siam City Cement - Thailand
  • GNFC Limited - India
  • Freeport Indonesia
  • Bhushan Steel Limited - India