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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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Friday, 02 July 10
MINERALS RESOURCE TAXATION IN AUSTRALIA - PRESS RELEASE
Press Release : Rio Tinto acknowledges the Australian Government’s announcement that the Resource Super Profits Tax (RSPT) proposal will be re ...
Thursday, 01 July 10
TATA POWER TO RAISE US$300 MILLION THROUGH ITS COAL SPVS TO FUND ADDITIONAL ACQUISITIONS AND / OR REDUCE OUTSTANDING DEBT
Stock Markets Review reported that, Tata Power, India’s largest private power player has signed an agreement to raise US$300 million in Bhira ...
Thursday, 01 July 10
HELLENIC SHIPPING NEWS POLL: THE BDI WILL STAY ABOVE 3,000 POINTS IN THE SECOND HALF OF 2010
When Hellenic Shipping News Worldwide prepared June’s poll asking readers about where do they think that the Baltic Dry Index (BDI) will range ...
Thursday, 01 July 10
PANAMAX MARKETS CONTINUE TO DROP IN ALL BASINS - FEARNLEYS
Handy
Atlantic rates continue to slide with little activity. Supras open in USG get low 30´s to Med and mid 40´s to FEast. Hmax/Supra ...
Wednesday, 30 June 10
PTBA TO SUPPLY ADDITIONAL 180 MLN TONS OF COAL TO PLN FOR 20 YEARS
COALspot.com: Indonesia's state-owned coal mining company PT Tambang Batubara Bukit Asam Tbk (PTBA) has entered into a new contract with state owne ...
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- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Australian Coal Association
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Marubeni Corporation - India
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- The University of Queensland
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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