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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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Thursday, 14 March 13
DRY BULK MARKET KEEPS ON RISING MOMENTUM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has maintained its rising momentum, on the back of increased cargo availability. According to yesterday's figures, the industry ...
Thursday, 14 March 13
SHIPPERS AND CARRIERS NEED GREATER COMMUNICATION AND MUTUAL UNDERSTANDING
Press Release – Shippers and shipping lines both need to raise their game if global container supply chains are not to be habitually subject t ...
Wednesday, 13 March 13
NEWBUILDING PRICES EXHIBIT NO FALL IN PAST SIX MONTHS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite the fact that oversupply has been the key plague of the shipping markets in recent years and newbuilding ordering activity has receded subst ...
Tuesday, 12 March 13
COAL MINING PRIVATIZATION IN INDIA: MUST - SUNIL K KUMBHAT
COALspot.com - India has the one of the richest coal reserves in the world and the country should have shown significant progress and gained the pos ...
Tuesday, 12 March 13
NEWCASTLE PORT SHIPPED 2.47 MILLION TONS OF COAL W/E 11 MARCH 2013
COALspot.com - Newcastle port in Australia has loaded 2,471,080 MT of thermal and coking coal for week ended 0700 hours 11 March 2013, Newcast ...
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- Bharathi Cement Corporation - India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
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- Leighton Contractors Pty Ltd - Australia
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- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
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- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
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- International Coal Ventures Pvt Ltd - India
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- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
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- Renaissance Capital - South Africa
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- Africa Commodities Group - South Africa
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- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
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- Metalloyd Limited - United Kingdom
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- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
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- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
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- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
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- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- PowerSource Philippines DevCo
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
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- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
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- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
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- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
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- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
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- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
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- Eastern Coal Council - USA
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- SN Aboitiz Power Inc, Philippines
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
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- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Planning Commission, India
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Economic Council, Georgia
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- Cement Manufacturers Association - India
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- Bahari Cakrawala Sebuku - Indonesia
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- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
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- Videocon Industries ltd - India
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- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- The Treasury - Australian Government
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
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- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
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- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
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