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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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Wednesday, 10 February 10
ANGLO AMERICAN TIPS COAL PRICE RISE AFTER RAIN, AUSTRALIAN SAYS
Anglo American Plc expects coking coal contract prices to rise after weeks of heavy rain in Queensland state cut output by as much as 10 million met ...
Wednesday, 10 February 10
KANGAROO RESOURCES COMMENCES MINING AT MAMAHAK COKING COAL PROJECT
International coal producer Kangaroo Resources has kicked off mining at its second Indonesian coal operation, the Mamahak Coking Coal Project in Eas ...
Wednesday, 10 February 10
CHINA DENIES CLIVE PALMER'S COAL DEAL
ONE of China's biggest government-owned companies yesterday repudiated mining billionaire Clive Palmer for overstating what he said was Australia' ...
Tuesday, 09 February 10
INDIANS SAY SEEKING COAL BARGAINS VIA INDEX PRICES
* Indonesian cheaper than S.African - traders
* End-users wait for price falls before tendering
Indian coal traders responsible for the bulk of ...
Tuesday, 09 February 10
EURO COAL-PROMPT SLIDES WITH OIL PRICES
* April S.African cargo trades at $83.50/T FOB, unchanged
* April DES cargo trades at $74.75 a tonne, down $1/T
* Russia's Kuzbassrazrezugol sees ...
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- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ASAPP Information Group - India
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- The University of Queensland
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Planning Commission, India
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
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