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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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Monday, 10 October 11
MOZAMBIQUE CHANNEL TO BE THE NEW PIRACY HOTSPOT FOR THIS YEAR SAYS MARITIME SECURITY EXPERT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Mozambique Channel, as well as the entrance to the Persian Gulf, are expected to become some of the new pirate hotspots for piracy, says Richard ...
Sunday, 09 October 11
FREIGHT MARKET ENDED WITH A POSITIVE DIRECTION - VISTAAR
COALspot.com - The market ended with a positive note with all the segments up except for handy size. The biggest gainer was Panamax index up by 11 p ...
Saturday, 08 October 11
INDONESIAN MINER PLANS $167M IPO TO FUEL SUMATRA COAL BOOM - JG
The Jakarta Globe reported that, coal miner Atlas Resources aims to raise as much as Rp 1.5 trillion ($167 million) in an initial public offering to ...
Friday, 07 October 11
MINING REGULATIONS , OBSTACLES AND GROWTH : INDIA VS INDONESIA - SUNIL K KUMBHAT
COALspot.com - The Govt of India has passed long pending Mines & Minerals (Regulation and Development) Bill, 2011, which seeks to replace ...
Friday, 07 October 11
$100M FOR EXPANSION INTO KALIMANTAN MINING: AKR
The Jakarta Globe, one of the leading English news paper in Indonesia reported that, AKR Corporindo, a fuel and chemical distributor, has set aside ...
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Showing 5041 to 5045 news of total 6871 |
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- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- MS Steel International - UAE
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
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