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

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 ...


   1101 1102 1103 1104 1105   
Showing 5511 to 5515 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 ...

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