We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 08 March 13
DRY BULK MARKET ON A RISING TREND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has continued its rising pattern set after China opened up again for business, following the Asian New Year Holidays. As a resul ...
Thursday, 07 March 13
PANAMAX : POSITIVE TREND; CAPESIZE : GRADUALLY SLIDE - FEARNLEYS AS
Handy
The Atlantic saw more cargoes than last week and rates ticking upwards. The USG-Feast was at USD 22k and Black sea-feast was at USD 12k. The ...
Tuesday, 05 March 13
NEWCASTLE PORT SHIPPED 20.77 PERCENT MORE COAL W/E 4 MARCH 2013
COALspot.com - Newcastle port in Australia has loaded 2,631,562 MT of thermal and coking coal for a week ended 0700 hours 4 March 2013, Newcas ...
Sunday, 03 March 13
INDONESIAN THERMAL COAL SWAPS; CHINA CONTRACTS FALL W-O-W
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 0.75 percent and CFR South China coal shipment&nbs ...
Sunday, 03 March 13
FREIGHT MARKET FROM INDONESIA EXPECTED TO BE FIRM - VISTAAR
COALspot.com – The freight market has been fairly firm this week except for cape size index.
The BDI was up by 4.64 points closing at 776 p ...
|
|
|
Showing 4361 to 4365 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- VISA Power Limited - India
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- PTC India Limited - India
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Anglo American - United Kingdom
|
| |
| |
|