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Stock Market & Financial Investment News

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December 18, 2013
09:04 EDTNEWLNewLead Holdings announces completion of coal wash plant acquisition
NewLead Holdings announced that it recently completed the acquisition of a coal wash plant in Kentucky, U.S. The coal wash plant is operational and will immediately generate revenue and positive cash flow for the company. The plant can wash, blend, size, store and deliver coal and has a rail load attached which allows loading of the washed coal on its own rails and trucks as well as delivery directly to its destination. The rail load allows for reduced cost of coal transportation. Currently, the plant has a contract in place for processing, as requested, up to a maximum of 150,000 tons of coal per month, scheduled to expire in June 2016. The company expects the coal wash plant to immediately contribute positively to earnings.
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