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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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Monday, 11 March 13
SUB-BIT FOB INDONESIA COAL SWAPS FELL 1.41 PERCENT W-W
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 1.41percent and CFR South China coal shipment ...
Sunday, 10 March 13
INDIA - INDONESIA SUPRAMAX FREIGHT : FIRM TREND
COALspot.com – This week freight market was raised and remained firm in all segments.
The BDI was up by 6.70 pct closed at 843 points,  ...
Sunday, 10 March 13
INDONESIA'S FORESTRY DEPARTMENT IS TO INCREASE BORROW-TO-USE PERMITS (IJIN PINJAM PAKAI) FEE SOON
COALspot.com : Indonesia to increase borrows-to-use permit fees by 33.33 percent. The government of Indonesia is planning to increase the state&rsqu ...
Friday, 08 March 13
EKO SANTOSO BUDIANTO APPOINTED AS PRESDIENT DIRECTOR OF BERAU COAL ENERGY
COALspot.com - PT Berau Coal Energy has appointed Eko Santoso Budianto as new president director, replacing Rosan Roeslani. Berau’s extraordin ...
Friday, 08 March 13
INDONESIAN HBA UP FOR FIVE CONSECUTIVE MONTHS
COALspot.com - The Indonesian government has declared bench mark price for coal has moved upwards in March 2013.
The monthly coal reference ...
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- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
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- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
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- White Energy Company Limited
- MS Steel International - UAE
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- Tata Chemicals Ltd - India
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- Ceylon Electricity Board - Sri Lanka
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- CNBM International Corporation - China
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- Ministry of Mines - Canada
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- Binh Thuan Hamico - Vietnam
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- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
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- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
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- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
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- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
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- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
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- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- ASAPP Information Group - India
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- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
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- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
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- Minerals Council of Australia
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
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- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
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- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
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- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- The University of Queensland
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
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