COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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.



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Tuesday, 12 January 10
COAL PRICE FORECAST RAISED AT ANZ ON STRONGER CHINESE DEMAND
Power-station coal price forecasts for this year were raised 19 percent by Australia & New Zealand Banking Group Ltd. on rising demand from Chin ...


Tuesday, 12 January 10
BUMIS SALE CONTRACT ONLY REACHED 35 PERCENT
PT Bumi Resources has only completed 35 percent if its coal sale contract this year. “More than 65 percent of our sale volume did not have a c ...


Monday, 11 January 10
THE MARKET IS LIKELY TO BE STEADY - VISTAAR SINGAPORE
COALspot.com (Singapore): The freight market for the first week of the year was quite active and the market especially in the Panamax and Supramax s ...


Monday, 11 January 10
CHINAS COAL EXPORT MAY DECLINE 50% IN 2009
Preliminary data released by China's General Administration of Customs (GAC) on Wednesday showed that China's coal export reached 2.05 million ton ...


Saturday, 09 January 10
THE FAR EAST MARKET STARTED TO STABILIZE - FEARNLEYS
Handy The FEAST market started to stabilize after the quite holidays and we saw growing activity fed by Chinese coal and iron ore imports and Indi ...


   1219 1220 1221 1222 1223   
Showing 6101 to 6105 news of total 6871
News by Category
Popular News
 
Total Members : 28,622
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Uttam Galva Steels Limited - India
  • Inco-Indonesia
  • London Commodity Brokers - England
  • Madhucon Powers Ltd - India
  • Central Electricity Authority - India
  • Maersk Broker
  • Attock Cement Pakistan Limited
  • South Luzon Thermal Energy Corporation
  • Lanco Infratech Ltd - India
  • Indonesia Power. PT
  • International Coal Ventures Pvt Ltd - India
  • Vedanta Resources Plc - India
  • Dalmia Cement Bharat India
  • WorleyParsons
  • Manunggal Multi Energi - Indonesia
  • IBC Asia (S) Pte Ltd
  • Maheswari Brothers Coal Limited - India
  • Simpson Spence & Young - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • Sakthi Sugars Limited - India
  • The University of Queensland
  • Krishnapatnam Port Company Ltd. - India
  • Adani Power Ltd - India
  • Price Waterhouse Coopers - Russia
  • Malabar Cements Ltd - India
  • Intertek Mineral Services - Indonesia
  • European Bulk Services B.V. - Netherlands
  • Romanian Commodities Exchange
  • Berau Coal - Indonesia
  • Savvy Resources Ltd - HongKong
  • Global Coal Blending Company Limited - Australia
  • Humpuss - Indonesia
  • Total Coal South Africa
  • Maybank - Singapore
  • Orica Australia Pty. Ltd.
  • ANZ Bank - Australia
  • GHCL Limited - India
  • Posco Energy - South Korea
  • CCIC - Indonesia
  • Eastern Coal Council - USA
  • EIA - United States
  • Iligan Light & Power Inc, Philippines
  • McKinsey & Co - India
  • San Jose City I Power Corp, Philippines
  • Goldman Sachs - Singapore
  • Cemex - Philippines
  • Peabody Energy - USA
  • Minerals Council of Australia
  • Singapore Mercantile Exchange
  • Altura Mining Limited, Indonesia
  • KPCL - India
  • Aditya Birla Group - India
  • SN Aboitiz Power Inc, Philippines
  • Africa Commodities Group - South Africa
  • Electricity Authority, New Zealand
  • Bulk Trading Sa - Switzerland
  • TRAFIGURA, South Korea
  • ACC Limited - India
  • Thermax Limited - India
  • Videocon Industries ltd - India
  • Enel Italy
  • CoalTek, United States
  • Bhoruka Overseas - Indonesia
  • Salva Resources Pvt Ltd - India
  • CIMB Investment Bank - Malaysia
  • ETA - Dubai
  • Mintek Dendrill Indonesia
  • Riau Bara Harum - Indonesia
  • Binh Thuan Hamico - Vietnam
  • Latin American Coal - Colombia
  • Pendopo Energi Batubara - Indonesia
  • Wilmar Investment Holdings
  • Wood Mackenzie - Singapore
  • Cigading International Bulk Terminal - Indonesia
  • IMC Shipping - Singapore
  • Indika Energy - Indonesia
  • McConnell Dowell - Australia
  • Runge Indonesia
  • Coeclerici Indonesia
  • OCBC - Singapore
  • Ambuja Cements Ltd - India
  • GB Group - China
  • Ind-Barath Power Infra Limited - India
  • TNB Fuel Sdn Bhd - Malaysia
  • GVK Power & Infra Limited - India
  • Lafarge - France
  • Bharathi Cement Corporation - India
  • Mjunction Services Limited - India
  • Makarim & Taira - Indonesia
  • Indonesian Coal Mining Association
  • Bangladesh Power Developement Board
  • Platts
  • Eastern Energy - Thailand
  • JPMorgan - India
  • Arutmin Indonesia
  • Platou - Singapore
  • Coalindo Energy - Indonesia
  • Maruti Cements - India
  • Thiess Contractors Indonesia
  • Ministry of Mines - Canada
  • Samsung - South Korea
  • The India Cements Ltd
  • SASOL - South Africa
  • Anglo American - United Kingdom
  • Deloitte Consulting - India
  • Commonwealth Bank - Australia
  • Ministry of Finance - Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • Bukit Asam (Persero) Tbk - Indonesia
  • Clarksons - UK
  • MEC Coal - Indonesia
  • Neyveli Lignite Corporation Ltd, - India
  • Rudhra Energy - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Asia Cement - Taiwan
  • IOL Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Kobe Steel Ltd - Japan
  • bp singapore
  • BNP Paribas - Singapore
  • GNFC Limited - India
  • Baramulti Group, Indonesia
  • Sindya Power Generating Company Private Ltd
  • Agrawal Coal Company - India
  • Kideco Jaya Agung - Indonesia
  • Energy Link Ltd, New Zealand
  • Leighton Contractors Pty Ltd - Australia
  • APGENCO India
  • Petrochimia International Co. Ltd.- Taiwan
  • Permata Bank - Indonesia
  • Therma Luzon, Inc, Philippines
  • Cement Manufacturers Association - India
  • Coal India Limited
  • Star Paper Mills Limited - India
  • GN Power Mariveles Coal Plant, Philippines
  • IEA Clean Coal Centre - UK
  • Straits Asia Resources Limited - Singapore
  • Cargill India Pvt Ltd
  • Vijayanagar Sugar Pvt Ltd - India
  • Interocean Group of Companies - India
  • Cebu Energy, Philippines
  • Energy Development Corp, Philippines
  • J M Baxi & Co - India
  • Siam City Cement - Thailand
  • Larsen & Toubro Limited - India
  • Moodys - Singapore
  • RBS Sempra - UK
  • Australian Commodity Traders Exchange
  • Power Finance Corporation Ltd., India
  • Tanito Harum - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • Timah Investasi Mineral - Indoneisa
  • Barasentosa Lestari - Indonesia
  • Bukit Baiduri Energy - Indonesia
  • Renaissance Capital - South Africa
  • Maharashtra Electricity Regulatory Commission - India
  • Independent Power Producers Association of India
  • Indian Energy Exchange, India
  • Kohat Cement Company Ltd. - Pakistan
  • Surastha Cement
  • Oldendorff Carriers - Singapore
  • Vizag Seaport Private Limited - India
  • Thriveni
  • NALCO India
  • Holcim Trading Pte Ltd - Singapore
  • Sical Logistics Limited - India
  • Rashtriya Ispat Nigam Limited - India
  • KEPCO - South Korea
  • India Bulls Power Limited - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Bangkok Bank PCL
  • Sinarmas Energy and Mining - Indonesia
  • Vitol - Bahrain
  • Pinang Coal Indonesia
  • Standard Chartered Bank - UAE
  • Indo Tambangraya Megah - Indonesia
  • Karaikal Port Pvt Ltd - India
  • OPG Power Generation Pvt Ltd - India
  • White Energy Company Limited
  • HSBC - Hong Kong
  • Kobexindo Tractors - Indoneisa
  • Inspectorate - India
  • Kepco SPC Power Corporation, Philippines
  • Mercator Lines Limited - India
  • Orica Mining Services - Indonesia
  • Essar Steel Hazira Ltd - India
  • GAC Shipping (India) Pvt Ltd
  • Chamber of Mines of South Africa
  • UOB Asia (HK) Ltd
  • Parry Sugars Refinery, India
  • Global Business Power Corporation, Philippines
  • AsiaOL BioFuels Corp., Philippines
  • CESC Limited - India
  • Glencore India Pvt. Ltd
  • Kalimantan Lumbung Energi - Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • Indian School of Mines
  • NTPC Limited - India
  • PTC India Limited - India
  • Carbofer General Trading SA - India
  • Gresik Semen - Indonesia
  • The Treasury - Australian Government
  • Arch Coal - USA
  • Xindia Steels Limited - India
  • Central Java Power - Indonesia
  • EMO - The Netherlands
  • Gupta Coal India Ltd
  • Mitsubishi Corporation
  • Qatrana Cement - Jordan
  • Indogreen Group - Indonesia
  • Semirara Mining and Power Corporation, Philippines
  • Port Waratah Coal Services - Australia
  • Mitra SK Pvt Ltd - India
  • Vale Mozambique
  • ING Bank NV - Singapore
  • Coastal Gujarat Power Limited - India
  • Karbindo Abesyapradhi - Indoneisa
  • Meralco Power Generation, Philippines
  • Reliance Power - India
  • Credit Suisse - India
  • Ince & co LLP
  • Globalindo Alam Lestari - Indonesia
  • Semirara Mining Corp, Philippines
  • Planning Commission, India
  • PNOC Exploration Corporation - Philippines
  • Malco - India
  • Xstrata Coal
  • Bank of America
  • Coaltrans Conferences
  • Banpu Public Company Limited - Thailand
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • SMC Global Power, Philippines
  • Kartika Selabumi Mining - Indonesia
  • TANGEDCO India
  • Sojitz Corporation - Japan
  • Grasim Industreis Ltd - India
  • Metalloyd Limited - United Kingdom
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Cardiff University - UK
  • SRK Consulting
  • KOWEPO - South Korea
  • Indorama - Singapore
  • Jindal Steel & Power Ltd - India
  • Merrill Lynch Bank
  • Aboitiz Power Corporation - Philippines
  • BRS Brokers - Singapore
  • KPMG - USA
  • Petrosea - Indonesia
  • Tata Chemicals Ltd - India
  • Toyota Tsusho Corporation, Japan
  • Petron Corporation, Philippines
  • JPower - Japan
  • Kaltim Prima Coal - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • Cosco
  • World Bank
  • Geoservices-GeoAssay Lab
  • Borneo Indobara - Indonesia
  • Argus Media - Singapore
  • Miang Besar Coal Terminal - Indonesia
  • SUEK AG - Indonesia
  • Bukit Makmur.PT - Indonesia
  • Kumho Petrochemical, South Korea
  • UBS Singapore
  • Britmindo - Indonesia
  • Sucofindo - Indonesia
  • Directorate Of Revenue Intelligence - India
  • Mitsui
  • Idemitsu - Japan
  • World Coal - UK
  • globalCOAL - UK
  • Core Mineral Indonesia
  • Rio Tinto Coal - Australia
  • Directorate General of MIneral and Coal - Indonesia
  • VISA Power Limited - India
  • Deutsche Bank - India
  • Indian Oil Corporation Limited
  • PLN Batubara - Indonesia
  • Freeport Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Jaiprakash Power Ventures ltd
  • Samtan Co., Ltd - South Korea
  • Tata Power - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Parliament of New Zealand
  • Shree Cement - India
  • Meenaskhi Energy Private Limited - India
  • Coal and Oil Company - UAE
  • TGV SRAAC LIMITED, India
  • Fearnleys - India
  • Russian Coal LLC
  • GMR Energy Limited - India
  • Formosa Plastics Group - Taiwan
  • Ernst & Young Pvt. Ltd.
  • Gujarat Electricity Regulatory Commission - India
  • Adaro Indonesia
  • Noble Europe Ltd - UK
  • Merrill Lynch Commodities Europe
  • Shenhua Group - China
  • Panama Canal Authority
  • Electricity Generating Authority of Thailand
  • Mercuria Energy - Indonesia
  • Heidelberg Cement - Germany
  • DBS Bank - Singapore
  • PLN - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Mechel - Russia
  • Medco Energi Mining Internasional
  • Coal Orbis AG
  • Antam Resourcindo - Indonesia
  • TeaM Sual Corporation - Philippines
  • U S Energy Resources
  • Ministry of Transport, Egypt
  • Sarangani Energy Corporation, Philippines
  • LBH Netherlands Bv - Netherlands
  • Asian Development Bank
  • Gujarat Sidhee Cement - India
  • IHS Mccloskey Coal Group - USA
  • ASAPP Information Group - India
  • Infraline Energy - India
  • Kapuas Tunggal Persada - Indonesia
  • Marubeni Corporation - India
  • Thailand Anthracite
  • Edison Trading Spa - Italy
  • Georgia Ports Authority, United States
  • Jatenergy - Australia
  • SGS (Thailand) Limited
  • New Zealand Coal & Carbon
  • MS Steel International - UAE
  • Bank of China, Malaysia
  • Trasteel International SA, Italy
  • Thomson Reuters GRC
  • CNBM International Corporation - China
  • Billiton Holdings Pty Ltd - Australia
  • Australian Coal Association
  • Tamil Nadu electricity Board
  • TNPL - India
  • SMG Consultants - Indonesia
  • Japan Coal Energy Center
  • Chettinad Cement Corporation Ltd - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Bhushan Steel Limited - India
  • PetroVietnam
  • Siam City Cement PLC, Thailand
  • PowerSource Philippines DevCo
  • Ceylon Electricity Board - Sri Lanka
  • Bhatia International Limited - India
  • Barclays Capital - USA
  • The State Trading Corporation of India Ltd
  • Gujarat Mineral Development Corp Ltd - India
  • ICICI Bank Limited - India
  • Thai Mozambique Logistica
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Economic Council, Georgia
  • Sree Jayajothi Cements Limited - India