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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, 06 July 10
SHENHUA GROUPS 2013 PROFIT MAY EXCEED $15 BILLION - BUSINESS WEEK
Business Week reported that, Shenhua Group Corp., China’s biggest coal producer, expects profit to exceed 100 billion yuan ($15 billion) by 20 ...
Saturday, 03 July 10
THE FREIGHT MARKET CONTINUES TO BE UNCERTAIN - CAPT. REDDY
COALspot.com: The market continues to soften and the most affect sector was Panamax which was down by almost 20 pct and closed at 2447 points. The C ...
Friday, 02 July 10
SARDA ENERGY TO ACQUIRE COAL MINES IN INDONESIA
India Info Line reported that, Sarda Energy & Minerals Ltd has announced that the authorities in Indonesia have granted the Environment Cle ...
Friday, 02 July 10
DRY BULK MARKET ON A FREEFALL, REACHING ITS LOWEST IN 9 MONTHS
The Baltic Dry Index is off to break more negative records this week, as the dry bulk shipping industry’s main benchmark has failed to find ro ...
Friday, 02 July 10
PROPOSED MINERAL RESOURCE RENT TAX - PRESS RELEASE (2)
Press Release: BHP Billiton, Rio Tinto and Xstrata said today that they are encouraged by the Federal Government’s announcement that it propos ...
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- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Economic Council, Georgia
- Wilmar Investment Holdings
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
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