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

Wednesday, 25 August 10
GOVT SHOULD ALLOW DUTY-FREE IMPORT OF THERMAL COAL: ASSOCHAM
Industry body Assocham Wednesday said the government should allow duty free import of thermal coal to bring down power tariffs in the country. &q ...


Wednesday, 25 August 10
INDIAS ADANI GROUP TO BUILD COAL RAILWAY IN INDONESIA
COALspot.com: India’s Adani Group, Indonesia’s state coal producer PT Tambang Batubara Bukit Asam (PTBA), and the South Sumatra provinci ...


Wednesday, 25 August 10
CME GROUP WILL LAUNCH NEW COAL CONTRACTS
Press Release: CME Group, the world’s leading and most diverse derivatives marketplace, today announced the launch of trading and clearing ser ...


Tuesday, 24 August 10
INDIA IMPORTS 1.3 MILLION TONS COAL LAST WEEK
COALspot.com: India has imported  1.3 million tons of non - Coking coal and  468,229 Mt of coking coal for the period 16 - 22 August 2010 ...


Monday, 23 August 10
COAL FOR FAST-TRACK PROGRAM ASSURED
Antara and the Jakarta globe reported that, the coal supply for the government’s 10,000 megawatt “fast- track” program was assured ...


   1128 1129 1130 1131 1132   
Showing 5646 to 5650 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 ...

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