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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, 28 May 10
INDIAS NEYVELI LIGNITE EYEING INDONESIA, SOUTH AFRICA COAL MINES
Integrated mining and power producer Neyveli Lignite Corporation Thursday said it is exploring possibilities for buying coal mines in Indonesia and ...
Friday, 28 May 10
ADARO ACQUIRES 25% ICP AT US$ 335 MIO
Indonesia's second largest thermal coal miner PT Adaro Energy Tbk (ADRO) today announces formation of new joint venture for Indonesian Coal Project ...
Thursday, 27 May 10
KPCL IS LOOKING FOR 0.50 MLN TON TO IMPORTED STEAMING COAL FOR RAICHUR THERMAL POWER STATION
COALspot.com: KARNATAKA POWER CORPORATION LIMITED, India invited from reputed parties meeting the pre qualifications stipulated for the import ...
Thursday, 27 May 10
TNPL TO BUY 0.240 MLN TON NON-COKING COAL FOR SECOND HALF OF 2010
COALspot.com: Tamil Nadu Newsprint and Papers Limited (TNPL), would like to procure 0.24 mln MT of imported Non-Coking Coal in 6 Shipments of about ...
Thursday, 27 May 10
DRY BULK RATES REACH 2010 HIGHS, BUT FUTURE REMAINS UNCERTAIN
This week is proving to be a milestone for the dry bulk market, as the Baltic Dry Index has propelled itself at never before seen levels for 2010. Y ...
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- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- The University of Queensland
- Bhatia International Limited - India
- Central Java Power - Indonesia
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Siam City Cement - Thailand
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
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