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Wednesday, 27 February 13
NEWLEAD HOLDINGS LTD. ANNOUNCES COAL SUPPLY AND DELIVERY CONTRACT
NewLead Holdings Ltd. yesterday announced that the Company has signed an agreement to supply and deliver 1.48 million metric tons of steam coal to a third party buyer. The contract is expected to generate approximately $148.0 million in revenue over the period of the contract. NewLead also announced that the Company has entered into an agreement to extend previously announced mine acquisition agreements.
Coal Supply and Delivery Contract
The contract provides for the sale of 130,000 metric tons of coal, commencing in March 2013, followed by 150,000 metric tons per month beginning in April 2013 until the end of 2013. All tonnage is subject to a variation of 10%. The price was established based on the prevailing market price for steam coal at the time the contract was entered into. Loading of the steam coal is expected to commence by the end of March 2013. Delivery of the coal will be completed by NewLead's fleet, whether by existing vessels or newly chartered-in from the market.
Michael Zolotas, Chairman, President and Chief Executive Officer of NewLead, stated, "We are integrating our commodity and transport operations. We secured a contract not only to profitably supply steam coal, but to also profitably transport this coal to our buyer, a creditworthy counterparty. Our vertically integrated operation provides various profitable sectors and, we believe, an advantage over other competitors."
Extension of Mine Acquisition Agreements
The Company also announced that it entered into an agreement to extend the date until March 5, 2013, by which the Company must acquire title and mineral excavation rights to 5,000 acres of land in Kentucky and ownership and leasehold interests in 18,335 acres in Tennessee. The extension was required to accommodate the needs of the sources of financing for these mines. However, there is no assurance that the acquisitions will be consummated by March 5, 2013 or at all.
NewLead Holdings Ltd. is an international, vertically integrated shipping and commodity company that manages product tankers and dry bulk vessels. NewLead currently controls four vessels, two tankers and two dry bulk vessels. NewLead's common shares are traded under the symbol "NEWL" on the NASDAQ Global Select Market.
Source: NewLead Holdings Ltd / Hellenic Shipping
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Friday, 03 May 13
SHIP OWNERS ARE INVESTING HEAVILY IN DRY BULK CARRIER NEWBUILDINGS ONCE MORE: IS THERE ANY RATIONALE? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the fact that the dry bulk market remains heavily oversupplied and just as the orderbook of newbuildings had began to shrink, it seems that sh ...
Wednesday, 01 May 13
NEWCASTLE PORT SHIPPED 23.14 PER CENT MORE COAL WEEK ON WEEK
COALspot.com - Newcastle port in Australia has loaded 2,997,729 tons of thermal and coking coal for week ended 0700 hours 29 April 2013, Newca ...
Tuesday, 30 April 13
KATINGAN RIA THERMAL COAL TO START PRODUCTION FROM EARLY 2014
COALspot.com - Realm Resources Ltd. (ASX: RRP) has announced the completion of the Feasibility Study for its 51% owned Katingan Ria thermal co ...
Monday, 29 April 13
FIRST TRADES OF SGX API 8 CFR SOUTH CHINA COAL SWAP
COALspot.com - The SGX API 8 CFR South China Coal Swap went live for clearing on SGX-DC today with a total volume of 25,000 metric tonnes (25 lots). ...
Sunday, 28 April 13
SUB BIT INDONESIA COAL & CFR SOUTH CHINA COAL SWAPS STAY POSITIVE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average May 2013 delivery has gained 0.34 percent and CFR South China coal shipment gai ...
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- Energy Development Corp, Philippines
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- Kumho Petrochemical, South Korea
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- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
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- New Zealand Coal & Carbon
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- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
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- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
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- Heidelberg Cement - Germany
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
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- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
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- SMC Global Power, Philippines
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- Parry Sugars Refinery, India
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- Australian Coal Association
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- Renaissance Capital - South Africa
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- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
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- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
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- Meralco Power Generation, Philippines
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- Minerals Council of Australia
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- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
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- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
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- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- PTC India Limited - India
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- Interocean Group of Companies - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
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- London Commodity Brokers - England
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- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
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- Goldman Sachs - Singapore
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- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
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- White Energy Company Limited
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- The University of Queensland
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- Grasim Industreis Ltd - India
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