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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, 20 October 10
ADANI THE LARGEST COAL IMPORTER OF INDIA IS NEGOTIATING WITH COAL INDIA LIMITED FOR A SUPPLY AGREEMENT - TOP NEWS
Top News reported that, negotitations are very much on between Adani Enterprises, the biggest coal importer of the country and Coal India Limited, t ...
Wednesday, 20 October 10
UAE FIRM IN INDONESIA RAIL DEAL - GULF NEWS
Gulf News reported that, construction of a 140-kilometre railway in Indonesia, initiated by RAK Minerals and Metals Investments (RMMI) will start ne ...
Wednesday, 20 October 10
CAPESIZES FINDING SUPPORT IN IRON ORE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although the beginning of the week wasn’t the rosiest one for the dry bulk market, last week proved a cheerful one for dry bulk ship owners, e ...
Saturday, 16 October 10
BDI WAS MARGINALLY UP BY 2.45 PCT LAST WEEK - VISTAAR SHIPPING
COALspot.com: The BDI seemed to lose the moment compared to last week and was marginally by 2.45 pct and closed at 2,762 points.
Also the Cape in ...
Friday, 15 October 10
VALUE ADDED TAX FOR COAL TO RE-INTRODUCE IN INDONESIA
COALspot.com: Indonesian government is drafting a ministerial decree to re-introduce value added tax for coal and mineral. Coalindo weekly news lett ...
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- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- White Energy Company Limited
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
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