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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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Friday, 26 November 10
INDIA WILL IMPORT 100 MLN TONS OF COAL BY 2012 - LAKSHMINARAYANA
COALspot.com – “India’s coal shortfall will reach 100 million mt by 2011-12”, said Lakshminarayana, Vice Preside ...
Friday, 26 November 10
CHINAS COAL INVENTORY STAYS HIGH FOR 22 MONTHS AT 220 MLN T, ASSOCIATION
Xinhua News Agency reported that, China’s coal inventory has stayed high and unchanged for 22 months to be around 220 million tonnes, reflecti ...
Friday, 26 November 10
DR WOLFGANG CIESLIK TO HEAD GERMAN COAL IMPORTERS ASSOCIATION
COALspot.com – (Press Release): The Management Board of the German Coal Importers Association (Verein der Kohlenimporteure e.V.) has elected D ...
Thursday, 25 November 10
ANALYSIS: COAL SECTOR: VALUE EMERGENCE - THE JAKARTA POST
Coal demand will remain firm due to a build-up of coal-fired power plants in India, China and Indonesia. As a result, we have upgraded our coal pric ...
Thursday, 25 November 10
INDONESIAN ROUNDS ARE ACHIEVING IN THE LOW 10S, OWNERS ARE NOT KEEN FOR TRIPS TO INDIA - FEARNBULK
HANDY
Uneventful week - Supra/Panamax stems ex USG to China/Korea/Japan are the main focus + grains ex. Argentina. The Atlantic market activity re ...
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Showing 5511 to 5515 news of total 6871 |
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- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Economic Council, Georgia
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- PTC India Limited - India
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Planning Commission, India
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- VISA Power Limited - India
- The University of Queensland
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
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