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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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Monday, 11 October 10
COAL IMPORTS TO START IN 2015 - VIETNAM BUSINESS
Vietnam Business reported that, Viet Nam is now likely to import coal only from 2015, not 2013 as earlier forecast since many thermal power pl ...
Monday, 11 October 10
OCTOBER INDONESIAN COAL PRICE REFERENCE UP BY 2.92 PERCENT
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Saturday, 09 October 10
MPPGCL SEEKS TO BUY 0.40 MLN MT OF COAL FOR ITS THERMAL POWER STATIONS
COALspot.com: India's Madhya Pradesh Generating Company Limited (MPPGCL), Jabalpur, Madhya Pradesh invites bidders through tender 07-03/Import/Coal ...
Saturday, 09 October 10
FREIGHT MARKET IS EXPECTED TO FIRM UP NEXT WEEK CAPT REDDY
COALspot.com: Inspite of Chinese holidays the BDI was up by 10 pct and closed at 2,696 points. The cape index shot up to 20 pct and closed at 4,076 ...
Saturday, 09 October 10
9TH ASIA PACIFIC MINING CONFERENCE & EXHIBITION 13 14 OCTOBER 2010 AT SHANGRI-LA HOTEL, JAKARTA.
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
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- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
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- Tata Chemicals Ltd - India
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- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
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- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
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- The University of Queensland
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- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
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- New Zealand Coal & Carbon
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- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- PTC India Limited - India
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- Parliament of New Zealand
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
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