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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, 06 September 11
SEMEN GRESIK TO ACQUIRE COAL MINE FOR RP. 1 TRILLION
COALspot.com - PT Semen Gresik Tbk (SMGR) is planning to acquire a low calorific value coal concession (IUP). According to Semen Gresik, the coal mi ...
Tuesday, 06 September 11
DRY BULK MARKETS RALLY POWERS THROUGH TO NEW WEEK, BUT A CORRECTION COULD BE OVERDUE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s freights rates kept leaping forwards during the beginning of the week, with the industry’s benchmark, the Baltic D ...
Monday, 05 September 11
TNPL POSTPONES BID OPENING UNTIL 12 SEPTEMBER 2011
COALspot.com - TNPL has postponed submission of the offer until 12 September 2011 on request from the supplier, an Indian trader said.
Due to Ram ...
Monday, 05 September 11
INDONESIAN COAL BENCHMARK PRICE - ANALYSIS
Analyst : Sunil K Kumbhat
COALspot.com - As a part of the Government’s efforts to stop transfer pricing abuses which have resulted in the los ...
Saturday, 03 September 11
FEW SHIPS REPORTED FIXED FROM INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued the upward trend during last week with BDI up by about 13 pct closing at 1,740 points and cape index up ...
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- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- The University of Queensland
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- Parliament of New Zealand
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
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