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

Thursday, 22 April 10
INDONESIAN COAL PRICE REFERENCE FOR MARCH 2010 - US$ 86.64/T
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has begun publishing a monthly coal price reference (HBA) to be use ...


Thursday, 22 April 10
NEED TO IMPORT 82 MT COAL IN FISCAL - INDIA COAL MIN
Indian Express reported that, anxious to bridge the ever-widening gap between the rising demand for coal and its inadequate supply, the Coal Ministr ...


Thursday, 22 April 10
DRY CARGO DEMAND EXPECTED TO INCREASE, FAVORING HIGHER FREIGHT RATES
Increased dry bulk cargo demand is expected to become the norm in the coming weeks and months, according to analysts, which in turn should sustain f ...


Thursday, 22 April 10
INDIA'S BORL SEEKS TO BUY INDONESIAS LOW - SULFUR COAL
COALspot.com: Bharat Oman Refineries Ltd,  a joint venture company (promoted by Bharat Petroleum Corporation Ltd, India and Oman Oil Company Lt ...


Wednesday, 21 April 10
INDONESIA SHIPPED 13.24 PERCENT MORE COAL IN MARCH THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 27,615,191 MT of coal in March 2010, compare to 24.38 million tons in January and ...


   1172 1173 1174 1175 1176   
Showing 5866 to 5870 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 ...

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