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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, 27 January 10
PEABODY ENERGY EYES 'RED HOT' ASIAN COAL DEMAND
US miner Peabody Energy has seen already-strong Asian markets become “red hot”, as demand for metallurgical and thermal coal strains sup ...
Wednesday, 27 January 10
KOLKOTTA BASED POWER UTILITY CESC LOOKING FOR 100,000 MT OF COAL FOR MAY & JUNE DELIVERY
COALspot.com (India): Kolkotta based power utility CESC, the flagship company of the diversified RPG group of India, has issued a closed tender to b ...
Tuesday, 26 January 10
FREIGHT COST ERODES INDIA CEMENTS NET
"Freight cost increased from an average of around 14% of sales in the previous quarters to around 20% in the third quarter"
The Decembe ...
Tuesday, 26 January 10
VITOL BUYS EXPORT SPACE AT COLOMBIA SANTA MARTA PORT
Global energy trader Vitol has signed a four-year deal to take export capacity at Colombia's 3 million tonnes a year Carbonsan port in Santa Marta, ...
Tuesday, 26 January 10
AUSTRALIAN FIRM TO MINE COAL IN WEST BENGAL
India Resources Ltd (IRL), a mining firm listed on the Australian Stock Exchange, has decided to enter into contract mining of coal in
India ...
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- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Minerals Council of Australia
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- ASAPP Information Group - India
- VISA Power Limited - India
- Australian Coal Association
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- The University of Queensland
- White Energy Company Limited
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
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