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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, 13 April 11
CAPESIZE VESSELS ARE DELIVERED AT A PACE OF ONE NEW VESSEL EVERY SECOND DAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a clear sign that it will take a significant rise in global seaborne dry bulk trade in order to be able to absorb the flurry of new building tonn ...
Sunday, 10 April 11
SOFT FREIGHT MARKET TREND LIKELY TO BE CONTINUED - VISTAAR SHIPPING
COALspot.com - The freight market continued to soften further with the BDI breaking the 1,500 points and closing at 1376 points down by almost 10 pc ...
Thursday, 07 April 11
HANDY RATES SLIDING NOW - FEARNBULK
Handy
Slowly softening rates as more tonnage is accumulating in the Atlantic basin.The trans-Atlantic round is around $15k pd with trips to ...
Thursday, 07 April 11
DRY BULK MARKET PLUNGING EVEN FURTHER ON LOW CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has continued its falling pattern this week, with every day proving to be painful for ship owners, especially those of the large ...
Thursday, 07 April 11
INDIKA BUYS MITRABAHTERA AT US$ 0.183
PT Indika Energy Tbk (INDY), integrated energy company, today has exercised an option agreement to acquire 51% shareholding in newly listed coal tug ...
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Showing 5311 to 5315 news of total 6871 |
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- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- White Energy Company Limited
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Siam City Cement - Thailand
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
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