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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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Thursday, 08 April 10
NAPOCOR GETS ONE OFFER AT COAL TENDER - ABS CBN
ABS- CBN News reported that, Philippine power producer National Power Corp. (Napocor) is likely to buy 50,000 tons of steam coal from PT Berau Coal ...
Wednesday, 07 April 10
DRY BULK MARKET LOOKING FOR DIRECTION
The dry bulk market has kept a low profile during the past week, as evidenced by the small changes of a usually rather turbulent Baltic Dry Index (B ...
Tuesday, 06 April 10
NEWCASTLE COAL EXPORTS RISE 24%, SHIP QUEUE SHORTENS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in power st ...
Tuesday, 06 April 10
UAE STEEL TRADERS FEAR LOSSES ON GLOBAL HIKE
A sudden spurt in the price of iron ore in the international market has caught local steel traders and manufacturers and a host of other steel-depen ...
Tuesday, 06 April 10
ASIAN INVESTORS EYE NIGERIA MARITIME INDUSTRY
Investors from the Asian region are considering investing in the Nigerian maritime sector, which has huge opportunities and potential. One of such p ...
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- Minerals Council of Australia
- CNBM International Corporation - China
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- PTC India Limited - India
- MS Steel International - UAE
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Economic Council, Georgia
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Planning Commission, India
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
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