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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, 04 February 10
NO AMDAL, NO COAL MINING IN KALIMANTAN: MINISTRY
To prevent further environmental damage, the government has said it would revoke the licenses of mining firms operating in Kalimantan that do not ha ...
Thursday, 04 February 10
ANTICIPATING DOMESTIC COAL DEMAND
Indonesia has an abundant amount of coal reserves, which in 2008 is estimated at 7,12 billion tones. Coal production in 2008 reached 231,18 mi ...
Wednesday, 03 February 10
CHINA'S MAIN COAL PRICES FALL AS WINTER DEMAND EASES
Weekly coal prices at China's Qinhuangdao port, a benchmark in the world's biggest producer and consumer of the fuel, fell for the first time in s ...
Wednesday, 03 February 10
NEWCASTLE COAL EXPORTS RISE 3%; SHIP QUEUE SHORTENS
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, increased 3 percent last week while the ...
Wednesday, 03 February 10
INDONESIA BUKIT ASAM SEES DOUBLE DIGIT 2010 REV GROWTH
* 2009 net profit rose an estimated 50 pct
* Sees opportunities for overseas acquisitions
Indonesian state-owned coal miner Bukit Asam saw 2009 ...
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- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
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