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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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Saturday, 12 January 13
SUB-BIT FOB INDONESIA COAL SWAPS: WEAK
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery has lost 0.32 percent WoW but CFR South China coal ship ...
Saturday, 12 January 13
HIGHER COAL PRICES: SEASONAL EFFECT
COALspot.com : Bahana Securities, one of the leading securities in Indonesia, said in its latest coal outlook that, on US and China&rsquo ...
Friday, 11 January 13
HBA HAS JUMPED BY US$ 5.80 PMT IN JANUARY 2013
COALspot.com - The Indonesian government has declared bench mark price for coal higher than December price. The monthly coal reference price f ...
Thursday, 10 January 13
PANAMAX : SOME GLIMMERS OF HOPE MID WEEK - FEARNLEYS
According to Fearnley’s weekly report, the Atlantic handy market is stable with rates around USD 11k for Cont-Feast and USD 17k bss USG/Feast. ...
Thursday, 10 January 13
DRY BULK PANAMAX MARKET HEAVILY OVERSUPPLIED, UNLIKELY TO FIND SUPPORT IN 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite positive indication for a significant surge of dry bulk demand this year, the oversupply problems of the market, will continue to weigh heav ...
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- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
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- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
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- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
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- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Indonesian Coal Mining Association
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- Petrochimia International Co. Ltd.- Taiwan
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- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- The University of Queensland
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
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- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
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- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
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- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
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- Riau Bara Harum - Indonesia
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