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Wednesday, 28 September 11
ATLAS RESOURCES TO SELL 25% STAKE IN IPO - INSIDER STORIES
Insider Stories reported that, coal producer PT Atlas Resources Tbk, that is controlled by Indonesian businessman Andre Abdi, plans to sell 783.33 million new shares or representing 25% of its enlarged capital during initial public offering (IPO) scheduled on October 31 2011.
According to Insider, PT Indo Premier Securities and PT UBS Securities Indonesia have been mandated by Atlas Resources to be the IPO lead underwriters.
In an official prospectus published today, UBS has been appointed by Atlas Resources as the stabilization agent of the IPO.
If the IPO experiences oversubscribe, Andre Abdi provides over allotment option to UBS as of 117.50 million shares.
In parallel with the IPO, Andre Abdi also intends to sell 155.29 million shares in Atlas Resources via private placement.
Atlas Resources will use 40% of the IPO proceed to support capital expenditure, regarding to the development of infrastructures and supporting facilities. About 27.5% of the proceed will be used to acquire additional coal concession and put more capital into subsidiaries. Atlas will also use US$25 million to settle compensation fee to Noble.
In 2010 and 2009, Atlas Resources produced 1.25 million tons and 1.06 million tons coal. In the first four months of this year, the company produced 333,474 tons. Most production was contributed by its subsidiary dubbed PT Berau Bara Energi.
Atlas Resources owns 18 subsidiaries namely Berau Bara Energi, PT Diva Kencana Borneo, PT Hanson Energy, PT Aquela Pratama Indonesia, PT Optima Coal, PT Optima Persada Energi, PT Citra Global Artha, PT Papua Inti Energi, PT Kalibara Energi Pratama, PT Gorby Energi, PT Gorby Global Energi. PT Gorby Putra Utama, PT Anugrah Energi, PT Banyan Koalindo Lestari, PT Cipta Wanadana, PT Karya Manunggal, PT Musi Mitra Jaya, and PT Sriwijaya Bara Logistic.
Source: Insider Stories
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Wednesday, 30 September 20
MARKET INSIGHT - INTERMODAL
Spot rates for Capesize bulk carriers received a significant boost last week, however, there are certain reservations in the market regarding the p ...
Tuesday, 29 September 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.73 PCT - XINHUA
China Taiyuan coal transaction price index stood at 125.91 points Monday, up 0.73 percent week on week.
The index, released by China ...
Tuesday, 29 September 20
SHIPPING MARKET - ALLIED
Here we are, just a short breath before the final quarter of the year, and many are now debating to what extent we can really expect a firm dry bul ...
Tuesday, 29 September 20
INDONESIAN COAL COMPANIES' EARNINGS TO WEAKEN IN 2H20 - FITCH RATINGS
Rated Indonesian coal miners and contractors will have weaker operating and financial performances in the second half of 2020 than in the first, sa ...
Tuesday, 29 September 20
RUSSIA'S COAL PRODUCTION TO DROP BY 10.5% IN 2020, SAYS MINISTRY - TASS
Russia’s Economic Development Ministry projects a 10.5% decrease in coal production in the country in 2020 compared with last year to 395 mln ...
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- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
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- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
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- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
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- Indonesian Coal Mining Association
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- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Larsen & Toubro Limited - India
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- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
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- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
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- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
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- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
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- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
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- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
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- Eastern Energy - Thailand
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
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- Planning Commission, India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Posco Energy - South Korea
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- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
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