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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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Tuesday, 20 July 10
DRY BULK SHIPPING MARKET FINDING SOME SUPPORT, AS OWNERS TAKE CAPE SIZES OFF THE MARKET
With the Baltic Dry Index finally having reached bottom, at least according to market analysts, the dry bulk industry is looking to begin its long r ...
Monday, 19 July 10
INDONESIA EXPORTS 24.49 MILLION TONNES OF COAL IN JUNE 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 141.249 million tons of coal in the first half of this year. In June 2010, Indone ...
Monday, 19 July 10
CHINA ONCE AGAIN DOMINATING SHIPPING FREIGHT RATES, WHILE OVERSUPPLY OF TONNAGE RAISES CONCERN
The ending of the week brought a cheerful note among dry bulk ship owners, as the sinking benchmark of the industry, the Baltic Dry Index (BDI) fina ...
Saturday, 17 July 10
THE DRY BULK MARKET CONTINUED THE DOWNWARD TREND - VISTAAR
COALspot.com: The indices continued the downward trend this week also with BDI at 1,720 points and cape size index at 1676 points and the charter ra ...
Saturday, 17 July 10
BULLISH OUTLOOK FOR COKING COAL - MINING MX & HELLENIC SHIPPING
Mining Mx reported that, the coking coal market has better long-term fundamentals than the iron ore market, according to a recent research rep ...
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- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Planning Commission, India
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Latin American Coal - Colombia
- Eastern Coal Council - USA
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
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