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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, 19 January 10
COAL FOR DOMESTIC USERS
While the government is already almost a year behind schedule in issuing regulations to implement the new mining law, mineral producers have been&nb ...
Tuesday, 19 January 10
RISING DEMAND FROM POWER FIRMS TO PUSH COAL PRICES
The resurgence of the Chinese economy, along with harsh winter conditions across the country, is likely to push coal prices up in the short term. In ...
Tuesday, 19 January 10
ESSAR'S MEGA ACQUISITION PLANS
India’s Essar Group has carved a mega plan that includes a slew of acquisitions and investments in assets across various businesses. CNBC-TV18 ...
Monday, 18 January 10
INDONESIA SHIPPED 15.90 PERCENT OF TOTAL COAL EXPORTS IN 2009 TO INDIA
COALspot.com (Indonesia): Indonesia, the world largest coal exporter, exported 19.07 percent of the total coal export in 2009 to China and 15. ...
Monday, 18 January 10
BHP TO SPEND $267 MILLION ON QUEENSLAND COKING COAL
BHP Billiton Ltd, the world’s largest mining company, will spend $267 million to accelerate development of the Caval Ridge mine and the Hay Po ...
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- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
- The University of Queensland
- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Planning Commission, India
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- MS Steel International - UAE
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
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