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, 22 December 10
INDONESIAN COAL LOAD PORT WEATHER CONDITION AND DELAYS
COALspot.com - The several leading shipping agents in Indonesia, said due to rainy season in Indonesia, loading activities in coal loading ports hav ...


Wednesday, 22 December 10
COAL INDIA CLOSE TO BUYING 15% STAKE IN AUSTRALIAN MINE - ECONOMIC TIMES
Economic Times reported that, Coal India (CIL) is close to buying a stake between 10% to 15% in an Australian mine owned by Peabody, a US company. ...


Wednesday, 22 December 10
CAPESIZE FUTURES MARKET RATES ARE EXPECTED TO CONTINUE THEIR DRIFT DOWN IN 2011 - BRS
Nearly two months of weekly declines in the Baltic Capesize Index were finally halted last week with a small 1% increase Friday-to-Friday. The impro ...


Wednesday, 22 December 10
DRY BULK MARKET LOOKING FOR DIRECTION AMID HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market isn’t exhibiting a “festive” behavior, thus cheering ship owners and investors alike. Instead, the industry&rs ...


Tuesday, 21 December 10
CHINA COAL CAP TO BOOST GLOBAL M&A - FINANCIER WORLD WIDE
Financier World Wide reported that, Chinese state-run media has reported that the Central Government intends to cap domestic coal production for fea ...


   1094 1095 1096 1097 1098   
Showing 5476 to 5480 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 ...

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