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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, 10 October 12
TAPPING OPPORTUNITIES WITHIN GLOBAL ECONOMIC PERSPECTIVE
Press Release: Mining sector will continue to play a significant role in supporting industrial and economic development in Indonesia which is curren ...
Tuesday, 09 October 12
REALM RESOURCES RECOMMENCES DRILLING AT KATINGAN RIA COAL PROJECT
COALspot.com : Realm Resources Ltd. (ASX) has announced that it has commenced work on the phase three technical programme at its Katingan Project in ...
Sunday, 07 October 12
INDONESIAN GOVERNMENT DECLARED HBA FELL AGAIN IN OCTOBER
COALspot.com - The Indonesian government’s declared coal reference price has lost US$ 0.17 per MT M-M.
The monthly coal referen ...
Saturday, 06 October 12
CFR SOUTH CHINA COAL SWAPS FOR DECEMBER'13 DELIVERY GAINED 1.3 PERCENT W-W
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery gained 0.098 percent and 0.164 percent W-W and D-D respectively o ...
Saturday, 06 October 12
FREIGHT MARKET IS LIKELY TO PICK AFTER THE HOLIDAYS IN CHINA - VISTAAR
COALspot.com - The freight market appeared to be seeing some increase BDI up by 14.23 pct closing at 875 points. The Cape and Panamax index also saw ...
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- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- Australian Coal Association
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
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