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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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Monday, 04 January 10
TOKYO ELECTRIC SEALS XSTRATA COAL DEAL
Tokyo Electric Power Co has agreed to pay about $US85 a tonne for Australian thermal coal in 2010 from miner Xstrata, a source familiar with the pri ...
Monday, 04 January 10
IND-BARATH TO SHIFT PROJECT FROM AP TO TN
Hyderabad-based power producer Ind–Barath is planning to set up a power plant at Tuticorin, Tamil Nadu. The proposed project would attract inv ...
Sunday, 03 January 10
NEWCASTLE THERMAL COAL PRICES FALL IN FIRST DECLINE IN 3 WEEKS
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 1.5 percent, falling for the first time in three weeks ...
Sunday, 03 January 10
NTPC SEEKS REPORT ON TRANSPORTING COAL THROUGH WATERWAYS
State-run National Thermal Power Corporation (NTPC), the country’s largest power utility, has asked for a “holistic” feasibility r ...
Sunday, 03 January 10
BHP TO STAY IN MARUWAI AND TO KEEP 75 PERCENT OF THE STAKE
Despite recent statements that it would pull out completely from Indonesia, the world's largest mining company BHP Billiton has now admitted that i ...
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- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Australian Coal Association
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
- The University of Queensland
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
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