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, 29 March 11
DUTY EXEMPTION UNLIKELY TO IMPACT COKING COAL PRICES - PTI NEWS
Press Trust of India News reported that, the exemption to certain types of coking coal from customs duty is not likely to impact steel prices at pre ...


Monday, 28 March 11
HARUM ENERGY FY10 EARNING UP 7.23% - INSIDER STORIES
Thermal coal producer PT Harum Energy Tbk (HRUM), controlled by Indonesian businessman Kiki Barki through his son Lawrence Barki, posted a slight in ...


Monday, 28 March 11
IBT RAISES CAPACITY OF PULAU LAUT TERMINAL - THE JAKARTA POST
The Jakarta Post reported that, coal infrastructure and logistics firm PT Indonesia Bulk Terminal (IBT), a subsidiary of PT Adaro Energy Tbk, plans ...


Saturday, 26 March 11
THE FREIGHT MARKET REMAINED A BIT VOLATILE THIS WEEK - CAPT. REDDY
COALspot.com - "The freight market remained a bit volatile this week", says Capt. Reddy, director of Vistaar Shipping Singapore. Howeve ...


Saturday, 26 March 11
FLSMIDTH WINS MULTIMILLION DOLLAR MATERIAL HANDLING PROJECT IN INDONESIA
FLSmidth has signed a contract in Jakarta worth in excess of USD 135m (DKK 700m) with PT Adaro Indonesia, a subsidiary of PT Adaro Energy Tbk., to s ...


   1064 1065 1066 1067 1068   
Showing 5326 to 5330 news of total 6871
News by Category
Popular News
 
Total Members : 28,631
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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