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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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Friday, 23 September 11
UT TO PRODUCE 7 MMT OF COAL BY 2012
PT United Tractors Tbk is targeting a 7 million tons of coal production next year, a 55.55% increase from 4.5 millions targeted this year, said Pres ...
Friday, 23 September 11
RECORD RECYCLING ACTIVITY STIRS OPTIMISM IN DRY BULK SAYS BIMCOS ANALYSIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As expected at the start of the year, dry bulk ship owners were expected to flock scrapyards around the world, in order to take advantage of attract ...
Friday, 23 September 11
PANAMAX EXPERIENCED A SOFTENING IN RATES - FEARNLEYS AS
Handy
Still a good boost of fresh cargoes entering the market. Vessels in Black Sea with GOA clearance and Baltic positions are fetching tick abov ...
Wednesday, 21 September 11
INDIA'S COAL IMPORTS FROM INDONESIA FALL, CHINA BUYS MORE
COALspot.com - Indian coal imports from Indonesia fall to below 6 million tons in August, and this fall was continuing last few months. Ho ...
Wednesday, 21 September 11
2ND ANNUAL SHALE GAS SUMMIT
2nd Annual Shale Gas Summit 31 October – 3 November 2011 JW Marriott Hotel, Hong Kong
According to a recent EI ...
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- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- The University of Queensland
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Australian Coal Association
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- Formosa Plastics Group - Taiwan
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