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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, 05 October 11
WITH CHINA ON HOLIDAY, DRY BULK MARKET REMAINS STAGNANT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has remained to healthy levels after last month’s rally, but with China going on holiday this week, things are looking sta ...
Tuesday, 04 October 11
INDONESIA RAISES COAL BENCHMARK (HBA) FOR FIRST TIME IN 4 MONTHS
COALspot.com - Indonesia raised the monthly reference price for sales in October by 2.56 percent, the first increase since June.
The Ministry of ...
Tuesday, 04 October 11
COAL MINING GROUP WANTS EXPORT TAX, NOT EXCISE - JG
One of the leading English news paper in Indonesia, The Jakarta Globe reported that, the government shall reimpose a duty on coal exports, classifyi ...
Sunday, 02 October 11
INDIAN COAL IMPORTS PICKED UP - CAPT. REDDY
COALspot.com - The BDI dropped by 1 pct and Cape index dropped by 6 pct closing at 1,899 points and 3,136 points respectively. However all other seg ...
Saturday, 01 October 11
2012 TO BE ANOTHER CHALLENGING YEAR - CEO, REMI MARITIME
Shipowners are facing another challenging year in 2012 said Mr. Leonidas Polemis CEO of Remi Maritime Corporation, urging caution towards operating ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- PTC India Limited - India
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
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