The Greek owner said it did not complete previous agreements to acquire interests in the Elk Valley mine in British Columbia and the Five Mile mine in Kentucky.
It comes hot on the heels of another incomplete deal in Kentucky, announced on Monday.
With regards to the Elk Valley mine, NewLead said: “We may be liable to the seller for damages or any amounts owed under the agreements; however, as of the date hereof, the seller has not initiated any actions against us based on such defaults.”
