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, 04 August 10
MALAYSIA'S AGATE GROUP TIES UP WITH INDIA'S ECOGREEN TO DEVELOP COAL BUSINESS
COALspot.com: "Malaysian based AGATE Group had entered into an agreement with India's EcoGreen  to jointly develop coal business in India ...


Wednesday, 04 August 10
ADARO PRODUCED 21.62 MILLION TONS OF COAL IN 1H 2010
COALspot.com: “Adaro Energy’s production volume during the second quarter of 2010 was 10.26 million tones and for the first half of 2010 ...


Wednesday, 04 August 10
CIL TO TAKE UP NEW PROJECT TO MEET INCREASED DEMAND OF COAL
As part of Annual Plan 2010-11, Planning Commission has projected all India demand of coal 656.31 Million Tonnes against which the indigenous supply ...


Tuesday, 03 August 10
INDONESIA CONSIDERING RUPIAH DENOMINATION
The jakarta post reportd that, the central bank is deliberating a potential Rupiah denomination in light of decreasing exchange rate valuations agai ...


Monday, 02 August 10
DRY BULK MARKET NEEDS TO FIND ADDITIONAL SUPPORT IN AUGUST
The dry bulk market ended another week of rebounding, posting on Friday its 11th straight rise. Still, as analysts point out the rate of this rise h ...


   1135 1136 1137 1138 1139   
Showing 5681 to 5685 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 ...

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