COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Thursday, 03 November 11
DRY BULK MARKET OFFICIALLY IN THE RED ON LOWER CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept falling yesterday, on lower iron ore demand, which has caused the industry’s benchmark, the BDI (Baltic Dry Index) to ...


Wednesday, 02 November 11
MMTC TO BUY 3.73 MILLION TONS OF COAL FOR 2011- 2013
COALspot.com - India’s state-owned coal and mineral trader MMTC looking for 3.73 million tons of power plant coal for the period 2011 - 2012/ ...


Wednesday, 02 November 11
PANAMAX MARKET BECAME QUIETER AFTER THE RECENT RECOVERY - BRS
There were substantial losses across the board this week: the BDI lost 6.3% to end at 2,018 and the BCI 8.2% to end 3,274. In the smaller sizes the ...


Tuesday, 01 November 11
BORNEO LUMBUNG BUYS 23.8% INTEREST IN BUMI
COALspot.com - PT. Borneo Lumbung Energi (BORN), an Indonesian coking coal producer announces that it has signed a sale and purchase agreement, cond ...


Tuesday, 01 November 11
BAKRIE FORMS STRATEGIC PARTNERSHIP WITH BORNEO - REDUCING DEBT BY USD 1 BILLION
Press Release - Enhancing the standing of “Indonesia Inc.” at the London Stock Exchange PT Bakrie & Brothers Tbk (“BNBR” ...


   998 999 1000 1001 1002   
Showing 4996 to 5000 news of total 6871
News by Category
Popular News
 
Total Members : 28,696
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Mercuria Energy - Indonesia
  • Sical Logistics Limited - India
  • Kideco Jaya Agung - Indonesia
  • Total Coal South Africa
  • Vijayanagar Sugar Pvt Ltd - India
  • Mjunction Services Limited - India
  • BNP Paribas - Singapore
  • Bulk Trading Sa - Switzerland
  • Berau Coal - Indonesia
  • Mitsubishi Corporation
  • Core Mineral Indonesia
  • Vale Mozambique
  • GHCL Limited - India
  • Krishnapatnam Port Company Ltd. - India
  • ACC Limited - India
  • The State Trading Corporation of India Ltd
  • TNPL - India
  • Maersk Broker
  • Standard Chartered Bank - UAE
  • New Zealand Coal & Carbon
  • Pinang Coal Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • Coal Orbis AG
  • VISA Power Limited - India
  • Adaro Indonesia
  • PTC India Limited - India
  • Australian Commodity Traders Exchange
  • Coastal Gujarat Power Limited - India
  • Rashtriya Ispat Nigam Limited - India
  • Cement Manufacturers Association - India
  • Cosco
  • Makarim & Taira - Indonesia
  • IOL Indonesia
  • Formosa Plastics Group - Taiwan
  • TANGEDCO India
  • GMR Energy Limited - India
  • Eastern Coal Council - USA
  • JPMorgan - India
  • GVK Power & Infra Limited - India
  • San Jose City I Power Corp, Philippines
  • EIA - United States
  • Inspectorate - India
  • Idemitsu - Japan
  • Globalindo Alam Lestari - Indonesia
  • Mercator Lines Limited - India
  • Essar Steel Hazira Ltd - India
  • Bukit Baiduri Energy - Indonesia
  • UOB Asia (HK) Ltd
  • PLN Batubara - Indonesia
  • KPCL - India
  • Wood Mackenzie - Singapore
  • Bayan Resources Tbk. - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • Global Business Power Corporation, Philippines
  • Chettinad Cement Corporation Ltd - India
  • Malabar Cements Ltd - India
  • Miang Besar Coal Terminal - Indonesia
  • Thriveni
  • Jorong Barutama Greston.PT - Indonesia
  • GNFC Limited - India
  • Cemex - Philippines
  • Alfred C Toepfer International GmbH - Germany
  • Xindia Steels Limited - India
  • Bhushan Steel Limited - India
  • Inco-Indonesia
  • Bhatia International Limited - India
  • Aditya Birla Group - India
  • Kartika Selabumi Mining - Indonesia
  • Gresik Semen - Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • OPG Power Generation Pvt Ltd - India
  • Electricity Generating Authority of Thailand
  • Georgia Ports Authority, United States
  • Samtan Co., Ltd - South Korea
  • Kalimantan Lumbung Energi - Indonesia
  • Jindal Steel & Power Ltd - India
  • Singapore Mercantile Exchange
  • Lanco Infratech Ltd - India
  • Attock Cement Pakistan Limited
  • JPower - Japan
  • MS Steel International - UAE
  • Mitra SK Pvt Ltd - India
  • Cardiff University - UK
  • GAC Shipping (India) Pvt Ltd
  • Shree Cement - India
  • Riau Bara Harum - Indonesia
  • NALCO India
  • AsiaOL BioFuels Corp., Philippines
  • WorleyParsons
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Metalloyd Limited - United Kingdom
  • Neyveli Lignite Corporation Ltd, - India
  • Shenhua Group - China
  • Vitol - Bahrain
  • Baramulti Group, Indonesia
  • SUEK AG - Indonesia
  • Sucofindo - Indonesia
  • Electricity Authority, New Zealand
  • Japan Coal Energy Center
  • Indian School of Mines
  • Meralco Power Generation, Philippines
  • India Bulls Power Limited - India
  • IMC Shipping - Singapore
  • Interocean Group of Companies - India
  • IBC Asia (S) Pte Ltd
  • World Coal - UK
  • Port Waratah Coal Services - Australia
  • PNOC Exploration Corporation - Philippines
  • Kohat Cement Company Ltd. - Pakistan
  • Marubeni Corporation - India
  • Karbindo Abesyapradhi - Indoneisa
  • Leighton Contractors Pty Ltd - Australia
  • Binh Thuan Hamico - Vietnam
  • UBS Singapore
  • Kapuas Tunggal Persada - Indonesia
  • PowerSource Philippines DevCo
  • Coeclerici Indonesia
  • Kobe Steel Ltd - Japan
  • Australian Coal Association
  • Bank of America
  • Parliament of New Zealand
  • APGENCO India
  • Heidelberg Cement - Germany
  • Asia Cement - Taiwan
  • Straits Asia Resources Limited - Singapore
  • Bank of China, Malaysia
  • Russian Coal LLC
  • Indian Oil Corporation Limited
  • Deloitte Consulting - India
  • Kaltim Prima Coal - Indonesia
  • Madhucon Powers Ltd - India
  • Simpson Spence & Young - Indonesia
  • ICICI Bank Limited - India
  • Semirara Mining Corp, Philippines
  • Indian Energy Exchange, India
  • Commonwealth Bank - Australia
  • Adani Power Ltd - India
  • Oldendorff Carriers - Singapore
  • Ernst & Young Pvt. Ltd.
  • Iligan Light & Power Inc, Philippines
  • European Bulk Services B.V. - Netherlands
  • Minerals Council of Australia
  • DBS Bank - Singapore
  • IHS Mccloskey Coal Group - USA
  • Coaltrans Conferences
  • Central Java Power - Indonesia
  • ANZ Bank - Australia
  • Planning Commission, India
  • Timah Investasi Mineral - Indoneisa
  • Jatenergy - Australia
  • Maheswari Brothers Coal Limited - India
  • Malco - India
  • Cargill India Pvt Ltd
  • Karaikal Port Pvt Ltd - India
  • Lafarge - France
  • Maharashtra Electricity Regulatory Commission - India
  • Infraline Energy - India
  • Kumho Petrochemical, South Korea
  • Bangkok Bank PCL
  • Goldman Sachs - Singapore
  • Parry Sugars Refinery, India
  • CoalTek, United States
  • Directorate Of Revenue Intelligence - India
  • South Luzon Thermal Energy Corporation
  • World Bank
  • Ministry of Transport, Egypt
  • Fearnleys - India
  • IEA Clean Coal Centre - UK
  • Bangladesh Power Developement Board
  • TeaM Sual Corporation - Philippines
  • Chamber of Mines of South Africa
  • Star Paper Mills Limited - India
  • Vizag Seaport Private Limited - India
  • Freeport Indonesia
  • Petrochimia International Co. Ltd.- Taiwan
  • U S Energy Resources
  • Credit Suisse - India
  • Petrosea - Indonesia
  • Tanito Harum - Indonesia
  • Glencore India Pvt. Ltd
  • Energy Link Ltd, New Zealand
  • Uttam Galva Steels Limited - India
  • Indo Tambangraya Megah - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • CNBM International Corporation - China
  • Bukit Asam (Persero) Tbk - Indonesia
  • Siam City Cement - Thailand
  • SGS (Thailand) Limited
  • Cebu Energy, Philippines
  • SRK Consulting
  • TRAFIGURA, South Korea
  • The India Cements Ltd
  • Latin American Coal - Colombia
  • Banpu Public Company Limited - Thailand
  • Barasentosa Lestari - Indonesia
  • Siam City Cement PLC, Thailand
  • ING Bank NV - Singapore
  • Independent Power Producers Association of India
  • Arch Coal - USA
  • SN Aboitiz Power Inc, Philippines
  • Sojitz Corporation - Japan
  • Borneo Indobara - Indonesia
  • Arutmin Indonesia
  • Indonesia Power. PT
  • Eastern Energy - Thailand
  • Price Waterhouse Coopers - Russia
  • Intertek Mineral Services - Indonesia
  • London Commodity Brokers - England
  • Altura Mining Limited, Indonesia
  • Trasteel International SA, Italy
  • Holcim Trading Pte Ltd - Singapore
  • Reliance Power - India
  • Noble Europe Ltd - UK
  • KOWEPO - South Korea
  • OCBC - Singapore
  • Enel Italy
  • KEPCO - South Korea
  • International Coal Ventures Pvt Ltd - India
  • Merrill Lynch Commodities Europe
  • Petron Corporation, Philippines
  • Edison Trading Spa - Italy
  • Economic Council, Georgia
  • GB Group - China
  • Bharathi Cement Corporation - India
  • Deutsche Bank - India
  • Central Electricity Authority - India
  • Antam Resourcindo - Indonesia
  • Larsen & Toubro Limited - India
  • Africa Commodities Group - South Africa
  • Moodys - Singapore
  • LBH Netherlands Bv - Netherlands
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Kepco SPC Power Corporation, Philippines
  • SMC Global Power, Philippines
  • Clarksons - UK
  • Maruti Cements - India
  • Permata Bank - Indonesia
  • RBS Sempra - UK
  • Coal and Oil Company - UAE
  • Humpuss - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • Global Coal Blending Company Limited - Australia
  • Bukit Makmur.PT - Indonesia
  • CESC Limited - India
  • Indika Energy - Indonesia
  • Anglo American - United Kingdom
  • Carbofer General Trading SA - India
  • HSBC - Hong Kong
  • Orica Australia Pty. Ltd.
  • Ind-Barath Power Infra Limited - India
  • Sarangani Energy Corporation, Philippines
  • Thiess Contractors Indonesia
  • J M Baxi & Co - India
  • bp singapore
  • Barclays Capital - USA
  • Samsung - South Korea
  • Argus Media - Singapore
  • Ambuja Cements Ltd - India
  • Surastha Cement
  • PLN - Indonesia
  • Toyota Tsusho Corporation, Japan
  • Agrawal Coal Company - India
  • Rio Tinto Coal - Australia
  • The Treasury - Australian Government
  • MEC Coal - Indonesia
  • Geoservices-GeoAssay Lab
  • Savvy Resources Ltd - HongKong
  • Aboitiz Power Corporation - Philippines
  • Ministry of Mines - Canada
  • Runge Indonesia
  • McKinsey & Co - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Indonesian Coal Mining Association
  • Coal India Limited
  • Thai Mozambique Logistica
  • Mechel - Russia
  • CCIC - Indonesia
  • Tamil Nadu electricity Board
  • Platts
  • Thomson Reuters GRC
  • Energy Development Corp, Philippines
  • Gujarat Electricity Regulatory Commission - India
  • Salva Resources Pvt Ltd - India
  • Coalindo Energy - Indonesia
  • Manunggal Multi Energi - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Tata Power - India
  • Renaissance Capital - South Africa
  • SASOL - South Africa
  • globalCOAL - UK
  • Asian Development Bank
  • Sindya Power Generating Company Private Ltd
  • Wilmar Investment Holdings
  • Sree Jayajothi Cements Limited - India
  • Ince & co LLP
  • Therma Luzon, Inc, Philippines
  • Indorama - Singapore
  • Platou - Singapore
  • Semirara Mining and Power Corporation, Philippines
  • Merrill Lynch Bank
  • The University of Queensland
  • Xstrata Coal
  • BRS Brokers - Singapore
  • Grasim Industreis Ltd - India
  • Sinarmas Energy and Mining - Indonesia
  • Medco Energi Mining Internasional
  • Romanian Commodities Exchange
  • Thermax Limited - India
  • NTPC Limited - India
  • Ceylon Electricity Board - Sri Lanka
  • KPMG - USA
  • Dalmia Cement Bharat India
  • Posco Energy - South Korea
  • Meenaskhi Energy Private Limited - India
  • Gujarat Mineral Development Corp Ltd - India
  • Ministry of Finance - Indonesia
  • Vedanta Resources Plc - India
  • Indogreen Group - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • ETA - Dubai
  • Mintek Dendrill Indonesia
  • Power Finance Corporation Ltd., India
  • TGV SRAAC LIMITED, India
  • PetroVietnam
  • Jaiprakash Power Ventures ltd
  • Sakthi Sugars Limited - India
  • Panama Canal Authority
  • Qatrana Cement - Jordan
  • Pendopo Energi Batubara - Indonesia
  • Bhoruka Overseas - Indonesia
  • Gujarat Sidhee Cement - India
  • CIMB Investment Bank - Malaysia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Thailand Anthracite
  • SMG Consultants - Indonesia
  • Mitsui
  • McConnell Dowell - Australia
  • Peabody Energy - USA
  • Maybank - Singapore
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Tata Chemicals Ltd - India
  • Videocon Industries ltd - India
  • Kobexindo Tractors - Indoneisa
  • White Energy Company Limited
  • Britmindo - Indonesia
  • ASAPP Information Group - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Gupta Coal India Ltd
  • Pipit Mutiara Jaya. PT, Indonesia
  • EMO - The Netherlands
  • Global Green Power PLC Corporation, Philippines
  • Asmin Koalindo Tuhup - Indonesia
  • Rudhra Energy - India
  • Orica Mining Services - Indonesia
  • Billiton Holdings Pty Ltd - Australia