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

Tuesday, 01 November 11
ATLAS RESOURCES SETS IPO AT RP1,500 - INSIDER STORIES
Insider Stories reported that, coal miner PT Atlas Resources Tbk has set its initial public offering (IPO) at Rp1,500 (approximately US$ 0.169) per ...


Tuesday, 01 November 11
DRY BULK MARKETS CORRECTION SPILLS OVER ONTO NEW WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is losing steam, as evidenced by the falls experienced last week, which were also apparent at the beginning of the new week. A l ...


Monday, 31 October 11
CHINAS HUNGER FOR INDONESIAN COAL AT THREE YEAR-HIGH AS WINTER NEARS - JOSEPH KIRSCHKE
COALspot.com - Chinese demand for power-station coal from Indonesia has soared to its highest level in three years, as central heating plants and po ...


Saturday, 29 October 11
ATLAS RESOURCES SEALS US$95 MIO LOAN - INSIDER STORIES
Insider Stories reported that, coal producer PT Atlas Resources Tbk, that is controlled by Indonesian businessman Andre Abdi, has secured US$95 mill ...


Saturday, 29 October 11
INDONESIA TO INDIA FREIGHT LIKELY TO REMAIN SOFT
COALspot.com - The market continued to slow down and all segment were down this week. The biggest drop was in the Cape Index down by 8.19 pct&nbs ...


   999 1000 1001 1002 1003   
Showing 5001 to 5005 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 ...

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