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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, 28 February 13
INDIA HAS INCREASED CUSTOMS DUTY AND COUNTERVAILING DUTY FOR POWER PLANT COAL
COALspot.com : The government of India raised basic customs duty and countervailing duty on steam coal. In the meantime government has reduced& ...
Thursday, 28 February 13
SHIP OWNERS EXPECTED TO FACE A CHALLENGING YEAR, DESPITE THE FALL OF NEWBUILDING ORDERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Tonnage oversupply and a lagging growth in world trade demand are expected to keep shipping in the "red", despite a series of measures ado ...
Thursday, 28 February 13
PANAMAX : MARKET HAS SEEN A GOOD UPTURN OVER THE LAST WEEK - FEARNLEYS
Handy
The Atlantic saw more cargoes than last week and rates ticking upwards. The USG-Feast was at USD 19k and Black Sea-Feast was at USD 11k. The ...
Wednesday, 27 February 13
NEWCASTLE PORT IN AUSTRALIA SHIPPED 0.358 MILLION MT MORE COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,178,869 MT of thermal and coking coal for week ended 0700 hours 25 February 2013, Newc ...
Tuesday, 26 February 13
10TH CLEAN COAL FORUM WILL BE HELD ON JUNE 2013
CDMC Events will be presenting the 10th Clean Coal Forum 2013 on June 13 - 14, 2013 in Beijing,China.
It will make you understand regulatory asp ...
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- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
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- Thiess Contractors Indonesia
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- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
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- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
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- The University of Queensland
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- Star Paper Mills Limited - India
- CNBM International Corporation - China
- Posco Energy - South Korea
- Australian Coal Association
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
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- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
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- Indika Energy - Indonesia
- Mjunction Services Limited - India
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- Minerals Council of Australia
- Planning Commission, India
- Wilmar Investment Holdings
- Eastern Energy - Thailand
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- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
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- Kumho Petrochemical, South Korea
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- Africa Commodities Group - South Africa
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
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- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
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- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
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- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
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- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
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- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
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- Vedanta Resources Plc - India
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
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