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, 21 July 10
FEWER SHIPS SOLD FOR SCRAP IN JUNE, ADDING PRESSURE TO FREIGHT RATES
The easing of vessel tonnage supply should be among the main concerns among ship owners, especially those active in dry bulk shipping. The reason is ...


Wednesday, 21 July 10
BUKIT ASAM SEALS RP900 BIO COAL DEAL
  Souce: Insider Stories Insider Stories reported that, State-Owned coal producer PT Tambang Batubara Bukit Asam Tbk (PTBA) have agreed t ...


Wednesday, 21 July 10
TUAH TURANGGA BUYS ABP US$ 15.9 MIO
  Source: Insider Stories   Insider Stories reported that, Komatsu heavy equipment PT United Tractors Tbk (UNTR) through its wh ...


Tuesday, 20 July 10
CHINA'S RELIANCE ON COAL TO DROP 7% BY 2015 - XINHUA NET
Xinhua Net reported that, China's coal consumption is likely to drop to 63 percent of total energy consumption by 2015, down from 70 percent last y ...


Tuesday, 20 July 10
CHURCHILL PLANNING TO PRODUCE 35 MILLION TONNES PER ANNUM FROM ITS EAST KUTAI COAL PROJECT
According to Churchill's website, the East Kutai Coal Project is a world-class thermal coal deposit, with a JORC Mining Reserve of 961 milli ...


   1141 1142 1143 1144 1145   
Showing 5711 to 5715 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 ...

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