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

Sunday, 18 April 10
GOVT FORMS PANEL FOR RS 12,000-CR (US$ 2.711 BILLION) COAL INDIA IPO - ECONOMIC TIMES
Economic Times reported that, the government has formed an inter-ministerial panel to carry forward the proposed Rs 12,000-crore (US$ 2.711 billion) ...


Sunday, 18 April 10
THE FUTURES FOR THREE YEARS (2010-2012) FOR PANAMAX WAS AT AROUND US$ 21500 PER DAY - VISTAAR
COALspot.com: The BDI indices up by 3.30 pct and overall market continued to be firm except for India to Fareast. “The cape index for the f ...


Saturday, 17 April 10
DRY BULK SHIPPING MARKET ANALYSIS - BIMCO
Strong Chinese steel market is set to cushion the flood of new Capesize vessels entering the dry bulk fleet Demand: The first quarter of 2010 saw up ...


Saturday, 17 April 10
DRY BULK MARKET EDGES HIGHER ON STRONGER DEMAND
The dry bulk market managed to inch higher by the end of the week as brokers indicated that stronger cargo demand pushed freight rates that much hig ...


Friday, 16 April 10
KRISHNAPATNAM PORT IS IRONING ITS WAY INTO RECORD BOOKS
COALspot.com: Krishnapatnam Port achieved a new benchmark by loading 60,021 MT of Iron Ore fines in just 24 hrs surpassing its previous record of 54 ...


   1174 1175 1176 1177 1178   
Showing 5876 to 5880 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 ...

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