COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Tuesday, 20 September 11
MTD INAUGURATES ITS COAL TERMINAL IN JAVA ISLAND
Press Release – MTD Group of Malaysia, one of prominent key players in the development of infrastructure in Malaysia, today inaugurated their ...


Tuesday, 20 September 11
DRY BULK MARKET LOSING ITS EDGE, RETREATING AT THE START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After a surge during the past couple of weeks, which saw Capesize earnings boosted and the BDI (Baltic Dry Index) reaching levels of year high and c ...


Monday, 19 September 11
CHINA IMPORTS MORE THAN 10 MMT INDO COAL IN AUGUST 2011
COALspot.com - Indonesian coal exports dropped 1.642 million tons in August compared to July exports. Indonesia exports 29.662 million tons of coal ...


Monday, 19 September 11
INDOMOBIL ENTERING INTO COAL MINING BUSINESS
COALspot.Com- PT Indomobil Sukses Internasional Tbk, part of, one of Indonesia's largest  conglomerates, to enter into mining industry ac ...


Sunday, 18 September 11
THE COAL IMPORTS TO INDIA, OUT OF INDONESIA LIKELY TO PICK UP - CAPT. REDDY
COALspot.com - The freight market continued the upward trend until midweek almost touching 2,000 points, however towards second half of the week the ...


   1013 1014 1015 1016 1017   
Showing 5071 to 5075 news of total 6871
News by Category
Popular News
 
Total Members : 28,696
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Samtan Co., Ltd - South Korea
  • ACC Limited - India
  • Semirara Mining and Power Corporation, Philippines
  • KOWEPO - South Korea
  • Inco-Indonesia
  • Coal and Oil Company - UAE
  • AsiaOL BioFuels Corp., Philippines
  • European Bulk Services B.V. - Netherlands
  • Edison Trading Spa - Italy
  • Globalindo Alam Lestari - Indonesia
  • Thai Mozambique Logistica
  • Indika Energy - Indonesia
  • Eastern Coal Council - USA
  • Australian Commodity Traders Exchange
  • Russian Coal LLC
  • Tanito Harum - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Siam City Cement - Thailand
  • Minerals Council of Australia
  • Singapore Mercantile Exchange
  • Planning Commission, India
  • TRAFIGURA, South Korea
  • The State Trading Corporation of India Ltd
  • Indonesia Power. PT
  • Indo Tambangraya Megah - Indonesia
  • IMC Shipping - Singapore
  • Jindal Steel & Power Ltd - India
  • TeaM Sual Corporation - Philippines
  • Surastha Cement
  • Ind-Barath Power Infra Limited - India
  • Tamil Nadu electricity Board
  • Cebu Energy, Philippines
  • Japan Coal Energy Center
  • Thiess Contractors Indonesia
  • Posco Energy - South Korea
  • Videocon Industries ltd - India
  • Attock Cement Pakistan Limited
  • Panama Canal Authority
  • GVK Power & Infra Limited - India
  • Reliance Power - India
  • Kalimantan Lumbung Energi - Indonesia
  • Orica Australia Pty. Ltd.
  • Kepco SPC Power Corporation, Philippines
  • Therma Luzon, Inc, Philippines
  • Baramulti Group, Indonesia
  • Coaltrans Conferences
  • CNBM International Corporation - China
  • Thailand Anthracite
  • PetroVietnam Power Coal Import and Supply Company
  • Coal Orbis AG
  • OCBC - Singapore
  • CCIC - Indonesia
  • Binh Thuan Hamico - Vietnam
  • Bank of America
  • Argus Media - Singapore
  • Ceylon Electricity Board - Sri Lanka
  • Maruti Cements - India
  • Asian Development Bank
  • Thomson Reuters GRC
  • Tata Chemicals Ltd - India
  • Independent Power Producers Association of India
  • Central Electricity Authority - India
  • Sojitz Corporation - Japan
  • Bank of China, Malaysia
  • Australian Coal Association
  • McConnell Dowell - Australia
  • Oldendorff Carriers - Singapore
  • Sical Logistics Limited - India
  • CESC Limited - India
  • Karaikal Port Pvt Ltd - India
  • ING Bank NV - Singapore
  • Larsen & Toubro Limited - India
  • Dalmia Cement Bharat India
  • Ministry of Transport, Egypt
  • Runge Indonesia
  • Agrawal Coal Company - India
  • Rudhra Energy - India
  • Eastern Energy - Thailand
  • Port Waratah Coal Services - Australia
  • JPower - Japan
  • Africa Commodities Group - South Africa
  • Mitsubishi Corporation
  • Indonesian Coal Mining Association
  • Bayan Resources Tbk. - Indonesia
  • Clarksons - UK
  • Miang Besar Coal Terminal - Indonesia
  • Humpuss - Indonesia
  • Manunggal Multi Energi - Indonesia
  • Cemex - Philippines
  • Merrill Lynch Bank
  • Grasim Industreis Ltd - India
  • Jorong Barutama Greston.PT - Indonesia
  • Gresik Semen - Indonesia
  • UOB Asia (HK) Ltd
  • Meenaskhi Energy Private Limited - India
  • Maersk Broker
  • Sree Jayajothi Cements Limited - India
  • SGS (Thailand) Limited
  • EMO - The Netherlands
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Kobexindo Tractors - Indoneisa
  • LBH Netherlands Bv - Netherlands
  • Platts
  • SUEK AG - Indonesia
  • Barasentosa Lestari - Indonesia
  • Economic Council, Georgia
  • Essar Steel Hazira Ltd - India
  • Gujarat Electricity Regulatory Commission - India
  • Coalindo Energy - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • Antam Resourcindo - Indonesia
  • Formosa Plastics Group - Taiwan
  • Pinang Coal Indonesia
  • Wood Mackenzie - Singapore
  • Commonwealth Bank - Australia
  • Makarim & Taira - Indonesia
  • Indian School of Mines
  • Berau Coal - Indonesia
  • Riau Bara Harum - Indonesia
  • Enel Italy
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Renaissance Capital - South Africa
  • Timah Investasi Mineral - Indoneisa
  • Maharashtra Electricity Regulatory Commission - India
  • ETA - Dubai
  • Cosco
  • Adaro Indonesia
  • ANZ Bank - Australia
  • Directorate Of Revenue Intelligence - India
  • MS Steel International - UAE
  • EIA - United States
  • The Treasury - Australian Government
  • CIMB Investment Bank - Malaysia
  • GB Group - China
  • Electricity Authority, New Zealand
  • Parry Sugars Refinery, India
  • TNB Fuel Sdn Bhd - Malaysia
  • Kaltim Prima Coal - Indonesia
  • World Bank
  • Platou - Singapore
  • Shree Cement - India
  • Glencore India Pvt. Ltd
  • Semirara Mining Corp, Philippines
  • GHCL Limited - India
  • Cement Manufacturers Association - India
  • Gujarat Sidhee Cement - India
  • Britmindo - Indonesia
  • SN Aboitiz Power Inc, Philippines
  • Energy Link Ltd, New Zealand
  • The India Cements Ltd
  • Savvy Resources Ltd - HongKong
  • Banpu Public Company Limited - Thailand
  • Ambuja Cements Ltd - India
  • Krishnapatnam Port Company Ltd. - India
  • Indorama - Singapore
  • Petrosea - Indonesia
  • Bhushan Steel Limited - India
  • Vizag Seaport Private Limited - India
  • Uttam Galva Steels Limited - India
  • Coastal Gujarat Power Limited - India
  • World Coal - UK
  • Deloitte Consulting - India
  • Salva Resources Pvt Ltd - India
  • Toyota Tsusho Corporation, Japan
  • Neyveli Lignite Corporation Ltd, - India
  • bp singapore
  • Gujarat Mineral Development Corp Ltd - India
  • Core Mineral Indonesia
  • Meralco Power Generation, Philippines
  • Thermax Limited - India
  • Geoservices-GeoAssay Lab
  • Latin American Coal - Colombia
  • Moodys - Singapore
  • Mercuria Energy - Indonesia
  • Ince & co LLP
  • Tata Power - India
  • Samsung - South Korea
  • Asia Cement - Taiwan
  • Jatenergy - Australia
  • Ministry of Finance - Indonesia
  • Sucofindo - Indonesia
  • Barclays Capital - USA
  • Anglo American - United Kingdom
  • Kapuas Tunggal Persada - Indonesia
  • WorleyParsons
  • Bukit Asam (Persero) Tbk - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • GAC Shipping (India) Pvt Ltd
  • Ernst & Young Pvt. Ltd.
  • Borneo Indobara - Indonesia
  • Mechel - Russia
  • Vitol - Bahrain
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Arch Coal - USA
  • MEC Coal - Indonesia
  • Chamber of Mines of South Africa
  • APGENCO India
  • Permata Bank - Indonesia
  • PetroVietnam
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • GNFC Limited - India
  • Cardiff University - UK
  • Carbofer General Trading SA - India
  • Merrill Lynch Commodities Europe
  • Interocean Group of Companies - India
  • PLN - Indonesia
  • GMR Energy Limited - India
  • India Bulls Power Limited - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • PowerSource Philippines DevCo
  • Altura Mining Limited, Indonesia
  • Global Green Power PLC Corporation, Philippines
  • ASAPP Information Group - India
  • VISA Power Limited - India
  • OPG Power Generation Pvt Ltd - India
  • TANGEDCO India
  • Mitsui
  • Cargill India Pvt Ltd
  • Electricity Generating Authority of Thailand
  • Mercator Lines Limited - India
  • Sinarmas Energy and Mining - Indonesia
  • Power Finance Corporation Ltd., India
  • SRK Consulting
  • Petrochimia International Co. Ltd.- Taiwan
  • BRS Brokers - Singapore
  • Billiton Holdings Pty Ltd - Australia
  • Petron Corporation, Philippines
  • Central Java Power - Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • GN Power Mariveles Coal Plant, Philippines
  • Vijayanagar Sugar Pvt Ltd - India
  • Mjunction Services Limited - India
  • Bukit Baiduri Energy - Indonesia
  • Ministry of Mines - Canada
  • Maheswari Brothers Coal Limited - India
  • Parliament of New Zealand
  • Holcim Trading Pte Ltd - Singapore
  • Rashtriya Ispat Nigam Limited - India
  • Rio Tinto Coal - Australia
  • IOL Indonesia
  • IHS Mccloskey Coal Group - USA
  • SASOL - South Africa
  • Aditya Birla Group - India
  • Gupta Coal India Ltd
  • Deutsche Bank - India
  • Aboitiz Power Corporation - Philippines
  • Straits Asia Resources Limited - Singapore
  • NALCO India
  • CoalTek, United States
  • Vedanta Resources Plc - India
  • Bulk Trading Sa - Switzerland
  • Coal India Limited
  • Freeport Indonesia
  • White Energy Company Limited
  • Metalloyd Limited - United Kingdom
  • Malco - India
  • Inspectorate - India
  • JPMorgan - India
  • Maybank - Singapore
  • Romanian Commodities Exchange
  • Arutmin Indonesia
  • Indian Oil Corporation Limited
  • Adani Power Ltd - India
  • Infraline Energy - India
  • Bhatia International Limited - India
  • Bhoruka Overseas - Indonesia
  • Sakthi Sugars Limited - India
  • Karbindo Abesyapradhi - Indoneisa
  • Kumho Petrochemical, South Korea
  • Coeclerici Indonesia
  • Kobe Steel Ltd - Japan
  • Shenhua Group - China
  • Standard Chartered Bank - UAE
  • Thriveni
  • McKinsey & Co - India
  • Vale Mozambique
  • Pendopo Energi Batubara - Indonesia
  • Idemitsu - Japan
  • Mintek Dendrill Indonesia
  • Malabar Cements Ltd - India
  • Mitra SK Pvt Ltd - India
  • KPMG - USA
  • SMC Global Power, Philippines
  • Siam City Cement PLC, Thailand
  • PLN Batubara - Indonesia
  • IBC Asia (S) Pte Ltd
  • Leighton Contractors Pty Ltd - Australia
  • KPCL - India
  • Noble Europe Ltd - UK
  • Global Business Power Corporation, Philippines
  • PTC India Limited - India
  • PNOC Exploration Corporation - Philippines
  • Xindia Steels Limited - India
  • Bangkok Bank PCL
  • SMG Consultants - Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • Credit Suisse - India
  • Energy Development Corp, Philippines
  • UBS Singapore
  • Bukit Makmur.PT - Indonesia
  • Heidelberg Cement - Germany
  • Global Coal Blending Company Limited - Australia
  • Medco Energi Mining Internasional
  • International Coal Ventures Pvt Ltd - India
  • J M Baxi & Co - India
  • RBS Sempra - UK
  • Intertek Mineral Services - Indonesia
  • TNPL - India
  • DBS Bank - Singapore
  • Sindya Power Generating Company Private Ltd
  • U S Energy Resources
  • Lafarge - France
  • Indian Energy Exchange, India
  • HSBC - Hong Kong
  • Orica Mining Services - Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • South Luzon Thermal Energy Corporation
  • Indogreen Group - Indonesia
  • Qatrana Cement - Jordan
  • Xstrata Coal
  • Kideco Jaya Agung - Indonesia
  • Sarangani Energy Corporation, Philippines
  • Bangladesh Power Developement Board
  • Fearnleys - India
  • Kartika Selabumi Mining - Indonesia
  • Madhucon Powers Ltd - India
  • IEA Clean Coal Centre - UK
  • Simpson Spence & Young - Indonesia
  • NTPC Limited - India
  • TGV SRAAC LIMITED, India
  • globalCOAL - UK
  • Price Waterhouse Coopers - Russia
  • Iligan Light & Power Inc, Philippines
  • London Commodity Brokers - England
  • Bahari Cakrawala Sebuku - Indonesia
  • Trasteel International SA, Italy
  • Jaiprakash Power Ventures ltd
  • Wilmar Investment Holdings
  • Marubeni Corporation - India
  • The University of Queensland
  • Pipit Mutiara Jaya. PT, Indonesia
  • Bharathi Cement Corporation - India
  • BNP Paribas - Singapore
  • Lanco Infratech Ltd - India
  • Goldman Sachs - Singapore
  • San Jose City I Power Corp, Philippines
  • Star Paper Mills Limited - India
  • New Zealand Coal & Carbon
  • KEPCO - South Korea
  • Peabody Energy - USA
  • Total Coal South Africa
  • Georgia Ports Authority, United States
  • ICICI Bank Limited - India