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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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Tuesday, 23 February 10
UAE COMPANY TO ACQUIRE CONTROL OF ALLBOND MAKMUR
The Jakarta globe reported that, Renuka Energy Resources Holding, based in the United Arab Emirates, has signed an agreement to acquire 80 percent o ...
Tuesday, 23 February 10
CIL SHORTLISTS 24 FOREIGN COS FOR JV
India's Economic Times reported that, Coal India has shortlisted 24 foreign firms — six each from the US, Australia, South Africa and Indones ...
Saturday, 20 February 10
THE FREIGHT MARKET CONTINUED TO BE SOFT THIS WEEK - CAPT. REDDY
COALspot.com: The freight market continued to be soft this week as still affect of Chinese new year holidays continue. However the index overall had ...
Friday, 19 February 10
MAKING THE JOINT COOPERATION OF PRIVATE GOVERNMENT IN INDONESIA
COALspot.com - Press Release
1. Revision of the presidential decree 67/2005 has been signed by the President on January 28, 2010 with the public ...
Thursday, 18 February 10
THE INDIAN MARKET IS FIRMING A BIT, DUE TO LACK OF TONNAGE IN THE REGION
HANDY
The BSI still decline as holidays around the world have reduced trading.
...
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- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Planning Commission, India
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- VISA Power Limited - India
- Marubeni Corporation - India
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- White Energy Company Limited
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
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