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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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Tuesday, 27 September 11
A STRONG REBOUND FOR THE CAPE MARKET - BRS
A strong rebound for the Cape market, as cargoes continued to flow into the market and tonnage remained tight in the Atlantic, according to Barry Ro ...
Tuesday, 27 September 11
INTRACO SEALS US$25.3 MIO ORDER - INSIDER STORIES
Insider Stories reported that, Heavy equipment distributor PT Intraco Penta Tbk (INTA) obtained a US$25.3 million order on hand of heavy equipments ...
Sunday, 25 September 11
THE CHARTER RATES FOR INDONESIA TO INDIA WAS FIRM - VISTAAR
COALspot.com - The freight market moved up sharply with the cape Index up by 11 pct pushing the BDI by almost 6 pct and closing at 1,920 point ...
Saturday, 24 September 11
GOVT PLANS TO RENEGOTIATE ALL CONTRACTS INCLUDING FREEPORT - JP
The Jakarta Post reported that, the Energy and Mineral Resources Ministry has confirmed plans to renegotiate all mining contracts including those wi ...
Friday, 23 September 11
ICMA TO BUILD UPGRADE FACILITIES TO ANTICIPATE BAN ON LOW-GRADE COAL EXPORT BY 2014
COALspot.com - January to August of this year, Indonesia’s coal production had already reached 235 million tons. Earlier estimates had targete ...
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- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- London Commodity Brokers - England
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Planning Commission, India
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- VISA Power Limited - India
- The University of Queensland
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
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