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NewLead Holdings acquires properties that would generate $873.5M of revenue

NewLead Holdings announced that the company has entered into an agreement to acquire title and excavation rights in properties containing 18.6M tons of estimated coal reserves for $11M. NewLead also entered into an agreement to acquire ownership and leasehold interests in properties containing approximately 143.1M tons of coal for $55M. These agreements are expected to generate $873.5M of revenue over a three-year period.