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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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Thursday, 16 December 10
LANCO BAGS AUSTRALIAN COAL MINER GRIFFITH - DNA
As part of its strategy to secure coal supplies for meeting its needs in expanding power generation capacities, infrastructure major Lanco Infratech ...
Thursday, 16 December 10
COAL INDIA IN TALKS WITH INDONESIAN CO TO BUY ITS COAL MINES - APN NEWS
APN News reported that, World’s largest coal producer Coal India is in talks with Indonesia’s Sinar Mas Group for acquiring coal mines i ...
Wednesday, 15 December 10
GOVT SETS NEW MINIMUM LEVEL FOR DOMESTIC MARKET SALES - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal producers are required to sell at least 24.17 percent of their production to the domestic market nex ...
Wednesday, 15 December 10
CAPESIZE RATES ARE NOW AT THEIR LOWEST LEVEL SINCE AUGUST
It was a repeat performance for the market this week, with another increase in earnings for the small sizes but a sharp drop for the Capes. Overall ...
Wednesday, 15 December 10
LARGE ORDERBOOK TO HINDER 2011 DRY BULK MARKET REBOUND DESPITE INCREASED DEMAND SAYS PARAGON SHIPPING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A large orderbook which currently stands at 53% of the existing fleet is expected to render 2011 another challenging year for the dry bulk marke ...
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- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- White Energy Company Limited
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Agrawal Coal Company - India
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
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