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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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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 ...
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- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - 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
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- 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
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- 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
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- 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
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- 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
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - 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
- 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
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Kideco Jaya Agung - 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
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
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