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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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Tuesday, 05 February 13
CHALLENGER DEEP RESOURCES CORP HAS ENTERED INTO AN EXCLUSIVE MINING AND MARKETING AGREEMENT WITH KEM
COALspot.com - Challenger Deep Resources Corp., through its wholly owned subsidiary, PT Bestindo Energy, has entered into an Exclusivity Agreement r ...
Saturday, 02 February 13
ADARO TO INTRODUCE A NEW BRAND OF ENVIROCOAL, E4700, IN 2013
COALspot.com - Adaro Energy, an Indonesian and leading coal producer in country has achieved a record coal production during 4Q12 of 13.31 mil ...
Saturday, 02 February 13
FREIGHT MARKET MAY REBOUND AFTER CHINESE NEW YEAR - VISTAAR
COALspot.com - The freight market was soft and all the indices were down by around 5-7 pct this week.
The BDI was down 6.01 pct closing at 750 po ...
Friday, 01 February 13
ORPHEUS SELLS B26 COAL PROJECTS FOR US$ 2 MILLION TO FOCUS ON SOUTH KALIMANTAN
COALspot.com - Orpheus Energy Limited (ASX: OEG) has announced that it has sold its 51 percent equity stake in the East Kalimantan coal projects, Bl ...
Friday, 01 February 13
HANDY - FLAT; PANAMAX - FLAT TO WEAK; CAPESIZE - WEAK
Handy
The Atlantic market remained stable with no significant movement in rates. Rates from USG to FEast were around USD 17k and Black sea to Feast ...
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- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- VISA Power Limited - India
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Bangladesh Power Developement Board
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
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