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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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Tuesday, 23 April 13
INDONESIAN STATE OWNED COAL MINER SHIPPED 4 PERCENT MORE COAL IN 1Q
COALspot.com - PT. Bukit Asam, the Indonesian state owned coal miner shipped more coal in first quarter of this year compared to the same period in ...
Tuesday, 23 April 13
REALM CONTINUES AS 51% OWNER AND MANAGER OF THE KATINGAN RIA THERMAL COAL PROJECT
COALspot.com - Realm Resources Ltd. (ASX: RRP) has announced today that, the commercial way forward for the development of its 51% held Indonesian t ...
Tuesday, 23 April 13
TIGERS REALM COAL HAS SOME OF THE WORLD'S BEST UNDEVELOPED COKING COAL ASSETS - EXECUTIVE CHAIRMAN
COALspot.com - “ During 2012, your Company has made very significant progress towards meeting its stated objective of becoming a global player ...
Tuesday, 23 April 13
AUSTRALIA'S NEWCASTLE PORT COAL SHIPMENTS DROPPED BY 4.38 PERCENT W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,434,336 tons of thermal and coking coal for week ended 0700 hours 22 April 2013, Newca ...
Sunday, 21 April 13
INDONESIA - INDIA COAL FREIGHT RATES ARE FIRMING UP - CAPT. REDDY
COALspot.com – The BDI was up by 1.40 pct closed at 888 points week ended 19 April 2013. The Cape index was down by 2.45 pct closing at 1234 p ...
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- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
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- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
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- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
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- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
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- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
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- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- VISA Power Limited - India
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- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Kobexindo Tractors - Indoneisa
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
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- The University of Queensland
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
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