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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, 05 April 13
SGX API 8 CFR SOUTH CHINA COAL SWAPS TO GO LIVE
COALspot.com - The Exchange has announced that the SGX API 8 CFR South China Coal Swap will go live for clearing on SGX-DC starting from 29 Ap ...
Thursday, 04 April 13
HANDY:QUIET ; PANAMAX: SLOW START; CAPESIZE: LOW ACTIVITIES - FEARNRESEARCH
Handy
The Atlantic markets remain quiet as charterers and owners waiting to see how it moves. The USG-Feast was at USD 20k and Black Sea-Feast was ...
Wednesday, 03 April 13
HBA HAS LOST US$ 1.53 PER MT IN APRIL 2013
COALspot.com - The Indonesian government’s declared coal bench mark price has lost $1.53 / MT in April 2013.
The monthly coal referen ...
Tuesday, 02 April 13
AUSTRALIA'S NEWCASTLE PORT SHIPPED 633K MT MORE COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 3,029,482 tons of thermal and coking coal for week ended 0700 hours 1 April 2013, Newcas ...
Tuesday, 02 April 13
THE GOVERNORS TO TAKE OVER AUTHORITY OF MINING, FORESTRY AND PLANTATION CONCESSIONS
The Indonesian government is planning to transfer the authority of issuing mining, forestry and plantation concessions from municipalities and distr ...
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- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- The University of Queensland
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- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
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- VISA Power Limited - India
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- Bhushan Steel Limited - India
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- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
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- Coal and Oil Company - UAE
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- Ministry of Finance - Indonesia
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- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
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- Kobexindo Tractors - Indoneisa
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- Orica Australia Pty. Ltd.
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- Minerals Council of Australia
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- Borneo Indobara - Indonesia
- Australian Coal Association
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- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
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- Chamber of Mines of South Africa
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- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
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- GMR Energy Limited - India
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- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
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- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
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- Central Electricity Authority - India
- ICICI Bank Limited - India
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- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
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- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
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- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
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- Merrill Lynch Commodities Europe
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- Meralco Power Generation, Philippines
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- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Videocon Industries ltd - India
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- Medco Energi Mining Internasional
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- Gujarat Electricity Regulatory Commission - India
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- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
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- Therma Luzon, Inc, Philippines
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- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
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- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
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- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Planning Commission, India
- MS Steel International - UAE
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- Metalloyd Limited - United Kingdom
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- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
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- Bangladesh Power Developement Board
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- Parliament of New Zealand
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- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
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