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

Monday, 10 January 11
DEWA SEEKS ADVICE ON COAL POWER PROJECT -THE NATIONAL
The Dubai utility company gets nine bids from international groups for consultancy role. The National reported that, Dubai's utility company wil ...


Saturday, 08 January 11
COAL PRICE WILL RISE IN SHORT-TERM DUE TO AUSTRALIA FLOODS - ALBUQUERQUE EXPRESS
Albuquerque Express reported that, Queensland’s mining minister, Stephen Robertson, has warned that the Australian state’s coal mines wi ...


Saturday, 08 January 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 8.69 PERCENT IN JANUARY 2011
COALspot.com -  Indonesia’s Ministry of Energy and Mineral Resources has set the January 2011 Indonesian Coal Reference Price for thermal ...


Saturday, 08 January 11
SUPRAMAX VESSELS WERE FIXED AT AROUND $ 9000 PD FOR A TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The holiday season affect combined with severe flooding in Queensland ports continues to keep the market and pressure. “Suprama ...


Saturday, 08 January 11
DIFFICULT YEAR FOR SHIPPING - TRANSPORT WEEKLY
Transport Weekly reported that, Shipping Corporation of India (SCI) chairman Sabyasachi Hajara says 2011 will be a difficult year because an excess ...


   1086 1087 1088 1089 1090   
Showing 5436 to 5440 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 ...

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