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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, 26 October 11
PWCS GLOBAL SHIPPING BENCHMARKING ANALYSIS: RECOVERY IN 2010 BUT GREAT UNCERTAINLY FOR 2011
The recovery of global trade in 2010 to the same levels as 2008 led to an improvement in the overall performance of shipping companies in 2010 compa ...
Wednesday, 26 October 11
INDIAN MARKET WAS REMAINED TIGHT THE WHOLE LAST WEEK - BRS
The market once more seems to be at a crossroads. The indices last week remained fairly stable (except for the Panamax sector), ending the week as f ...
Tuesday, 25 October 11
DRY BULK MARKET STEADY, ANALYSTS LOOKING FOR ADDED PRESSURE ON THE MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was unchanged on Monday, with the industry’s benchmark, the BDI (Baltic Dry Index) ending the session at 2,153 points, exa ...
Monday, 24 October 11
NEW HEAD OF INDONESIA'S MINING MINISTRY GETS RAKED OVER THE COALS - JOSEPH KIRSCHKE
COALspot.com - Following Indonesia’s presidential cabinet shakeup last week, many are questioning the qualifications of Energy and Mineral Res ...
Monday, 24 October 11
CHINA QINHUANGDAO COAL PRICE RISES TO HIGHEST IN THREE YEARS - BUSINESSWEEK
Business week reported that, China’s power-station coal price rose to the highest level in three years as power stations and central heating p ...
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- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- ASAPP Information Group - India
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Minerals Council of Australia
- The Treasury - Australian Government
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
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