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

Saturday, 15 January 11
MAKE SACRIFICES TO SAVE PLN, INDONESIA GOVT BEGS MINERS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Darwin Zahedi Saleh, Indonesia's minister of energy and mineral resources, on Friday appealed to local coal compan ...


Saturday, 15 January 11
RISING PRICES, GOVERNMENT DECREE LEAVE PLN AT LOGGERHEADS WITH COAL FIRMS - THE JAKARTA GLOBE
The Jakarta Globe reported that, As coal prices continue to increase, state utility Perusahaan Listrik Negara faces problems in securing enough coal ...


Thursday, 13 January 11
SURGING COAL PRICES UNDERMINE PLN'S EFFICIENCY PROGRAM - THE JAKARTA POST
The Jakarta Post reported that, The soaring global coal prices are undermining state electricity company PT PLN's pledge to improve its operational ...


Thursday, 13 January 11
SPML INFRA TO DOUBLE INDONESIA COAL MINE OUTPUT IN TWO YEARS - DNA INDIA
DNA India reported that, Kolkata-based infrastructure company SPML Infra, formerly Subhash Projects & Marketing Ltd, will in two years nearly do ...


Thursday, 13 January 11
DRY BULK RATES HIT NEW MULTI-MONTH LOWS ON AUSTRALIAS FLOODS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Floods in Australia’s Queensland has seriously disrupted coal shipments and together with a flood of vessels has pushed freight rates for dry ...


   1084 1085 1086 1087 1088   
Showing 5426 to 5430 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 ...

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