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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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Saturday, 26 March 11
ADARO AIMS TO DOUBLE COAL PRODUCTION -THE JAKARTA POST
The Jakarta Post reported that, coal producer PT Adaro Indonesia is planning to soon boost its production capacity to 80 million tons annually, almo ...
Friday, 25 March 11
KNOWLEDGE INFRASTRUCTURE TO BAG 160,000 MT COAL SUPPLY ORDER FROM TNPL
COALspot.com - Delhi based Knowledge infrastructure Systems Pvt. Ltd offered lowest price of US$ 97.10 per metric ton for calorific value of 6000 GA ...
Friday, 25 March 11
THE CAPESIZE MARKET CONTINUED TO FALL - FEARNBULK
Handy
The Atlantic market remains stable with more activity from the Black Sea to Feast paying in the mid 20´s on supras.
The USG remain ...
Friday, 25 March 11
BORNEO ENERGI FY10 NET INCOME SOARS - INSIDER STORIES
Coking coal producer PT Borneo Lumbung Energi Tbk (BORN) booked a skyrocket net income by 499.72% from net loss position in 2009, as quoted by Insid ...
Thursday, 24 March 11
INDIA'S CHETTINAD INTERNATIONAL COAL TERMINAL'S PERMISSIBLE DRAFT HAS INCREASED TO 13.5 M
COALspot.com - Chettinad International Coal Terminal in Ennore port has the berth with draft 13.5 Meters now, according to E-Mail statement received ...
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- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Romanian Commodities Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Bhatia International Limited - India
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- McConnell Dowell - Australia
- White Energy Company Limited
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
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