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

Tuesday, 17 August 10
HANDIES AND SUPRAS WOKE UP AGAIN AFTER SEVERAL WEEKS OF LETHARGY - BRS
A spectacular increase in Cape size rates pushed the BDI up more than 20% this week, with demand for prompt tonnage in the Pacific causing a major s ...


Monday, 16 August 10
INDIA'S TNPL TO SUPPORT TNEB WITH COAL SUPPLIES
COALspot.com: TNPL to  award 300,000 MT of coal supply contract to Nehel General Trading of India.  Tamil Nadu state undertaking , Tamil N ...


Monday, 16 August 10
INDONESIA'S PLN SECURED COAL SUPPLIES, LESS IMPACT BY RAINS
COALspot.com: Indonesian State Electricity Company, PT Perusahaan Listrik Negara (PLN), has secured coal supplies for all of its power plants except ...


Sunday, 15 August 10
THE FREIGHT MARKET IS EXPECTED TO REMAIN FIRM - CAPT REDDY
COALspot.com: The BDI rose by almost 22 pct despite peak holiday season which is usually quite market , where as the BCI up sharply by 46 pct which ...


Saturday, 14 August 10
INDONESIAN THERMAL COAL PRICES EXPECTED TO MOVE UP IN SEPTEMBER 2010 - CHAIRMAN ICMA
COALspot.com: Indonesian Coal Mining Association is expecting, the Indonesian and international coal prices will increase, and will be reached ...


   1131 1132 1133 1134 1135   
Showing 5661 to 5665 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 ...

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