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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$25 million to settle compensation fee to Noble.
In 2010 and 2009, Atlas Resources produced 1.25 million tons and 1.06 million tons coal. In the first four months of this year, the company produced 333,474 tons. Most production was contributed by its subsidiary dubbed PT Berau Bara Energi.
Atlas Resources owns 18 subsidiaries namely Berau Bara Energi, PT Diva Kencana Borneo, PT Hanson Energy, PT Aquela Pratama Indonesia, PT Optima Coal, PT Optima Persada Energi, PT Citra Global Artha, PT Papua Inti Energi, PT Kalibara Energi Pratama, PT Gorby Energi, PT Gorby Global Energi. PT Gorby Putra Utama, PT Anugrah Energi, PT Banyan Koalindo Lestari, PT Cipta Wanadana, PT Karya Manunggal, PT Musi Mitra Jaya, and PT Sriwijaya Bara Logistic.
Source: Insider Stories
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Thursday, 20 October 11
CAPESIZE - TUBARAO /QINGDAO BEING FIXED AT STRONG US$ 29.75 PMT
Handy
The Atlantic market is quite steady, and market seems to be around the same levels as last week. Fewer fixtures reported though. ...
Thursday, 20 October 11
BRACKEN INTERNATIONAL MINING LISTS ON FRANKFURT STOCK EXCHANGE
Press Release - Bracken International Mining (Code:1BM) listed on the Deutsche Börse’s Frankfurt Stock Exchange today at €1.00 with ...
Thursday, 20 October 11
CAPESIZES, SUPRAMAXES LEAD GAINS FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Struggling to find additional support, but still managing to post gains, the dry bulk market has stabilized itself on higher levels again yesterday, ...
Wednesday, 19 October 11
METALLURGICAL COAL PRICES TO DROP BELOW US$240/TONNE - WOOD MACKENZIE
Wood Mackenzie Says Metallurgical Coal Prices to Drop Below US$240/tonne by Q4 2012 But Long-term Demand Fundamentals Remain Robust
Wood Mackenzi ...
Wednesday, 19 October 11
SUPRAMAX MARKET WAS VERY FIRM LAST WEEK - BRS
With all sectors contributing positively, the BDI ended the week at 2,173 points (+8.6%), its highest level so far in 2011. The BCI stood at 3,587 ( ...
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- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Planning Commission, India
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
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