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

Saturday, 19 June 10
STRONG DEMAND, RISING PRODUCTION SETTING SCENE FOR COAL BONANZA - THE JAKARTA GLOBE
The Jakarta globe rerported that, As the nation’s coal miners enjoy burgeoning demand from energy-hungry economies such as China and India, th ...


Saturday, 19 June 10
DRY BULK MARKET DOWN ON CHINESE SLOWDOWN FEARS
Dry bulk freight rates have been on a freefall for more than two weeks now, something which has caused the industry’s benchmark, the Baltic Dr ...


Saturday, 19 June 10
COAL INDIA KEEN ON BLOCK DEVELOPMENT IN INDONESIA - THE HINDU BUSINESS LINE
Expanding horizon Agreement by the Indonesian Government is likely to help CIL gain foothold in India's largest sourcing point of thermal coal. ...


Friday, 18 June 10
THE PANAMAX MARKET CONTINUED ITS SOFTENING TREND - FEARNBULK
Handy Flat Atlantic markets with most markets in ´slow mode´ due to holidays in China. Supramax vessels open in the USG are achievi ...


Thursday, 17 June 10
INDONESIAN COAL PRICE REFERENCE FOR JUNE IS US$ 97.22/TON UP 5.59 PERCENT
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has been publishing a monthly coal price reference (HBA) to be us ...


   1153 1154 1155 1156 1157   
Showing 5771 to 5775 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 ...

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