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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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Tuesday, 06 November 12
NOVEMBER 2012 HBA $35.21 LOWER THAN A YEAR AGO
COALspot.com - The Indonesian government’s declared coal reference price for November’ 12 has lost US$ 4.60 per MT M-o-M.
...
Sunday, 04 November 12
SUB-BIT INDONESIA COAL SWAPS FOR DECEMBER' 12 DELIVERY FALLS TO $ 59.78
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery fell -1.02 percent on WoW but gained 0.08 percent on D-D on Friday, 2 ...
Saturday, 03 November 12
THE SUPRAMAX FREIGHT EXPECTED TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - This week the market remained soft with all the sectors soft.
The BDI and was down by 6 pct closing at 986 points. The cape index ...
Saturday, 03 November 12
DEMOLITION IS THE KEY FOR DRY BULK SHIPPING'S RECOVERY SAYS SHIPBROKER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With the number of new building deliveries so far in 2012 already having surpassed the total of 2011, it's more than clear that the dry bulk sector ...
Thursday, 01 November 12
INDONESIA HAS REVISED DOWN ITS 2012 DOMESTIC MARKET OBLIGATION REQUIREMENT FOR COAL
COALspot.com - Minister of Energy and Mineral Resources of Indonesia has revised down its 2012 domestic market obligation requirement due to lower d ...
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- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- The University of Queensland
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Economic Council, Georgia
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Karaikal Port Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- White Energy Company Limited
- Eastern Energy - Thailand
- CNBM International Corporation - China
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- PTC India Limited - India
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
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