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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$25 million to settle compensation fee to Noble.
In 2010 and 2009, Atlas Resources produced 1.25 million tons and 1.06 million tons coal. In the first four months of this year, the company produced 333,474 tons. Most production was contributed by its subsidiary dubbed PT Berau Bara Energi.
Atlas Resources owns 18 subsidiaries namely Berau Bara Energi, PT Diva Kencana Borneo, PT Hanson Energy, PT Aquela Pratama Indonesia, PT Optima Coal, PT Optima Persada Energi, PT Citra Global Artha, PT Papua Inti Energi, PT Kalibara Energi Pratama, PT Gorby Energi, PT Gorby Global Energi. PT Gorby Putra Utama, PT Anugrah Energi, PT Banyan Koalindo Lestari, PT Cipta Wanadana, PT Karya Manunggal, PT Musi Mitra Jaya, and PT Sriwijaya Bara Logistic.
Source: Insider Stories
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Sunday, 28 August 11
FREIGHT MARKET COULD BE FIRM NEXT MONTH - VISTAAR
COALspot.com - The freight market continued the upward trend first half of the week . However, towards the end of the week lost momentum and the BDI ...
Saturday, 27 August 11
JAPANESE BULK CARRIER SETS RECORD ON NORTHERN SEA ROUTE - BARENTS OBSERVER
The Northern Sea Route will see its third record in less than a month when the largest ever bulk carrier to take the route leaves Murmansk next week ...
Saturday, 27 August 11
RBCT-INDIA ROUNDS FIXED AT AROUND US$ 12K - FEARNBULK
Handy
Stable but very positional markets across all segments in the Atlantic: the gap between owners and charterers rate ideas is building up as o ...
Friday, 26 August 11
TUAH TURANGGA AGUNG ACQUIRES AN ADDITIONAL 40% SHARES IN BARA PRIMA AGUNG
COALspot.com - PT Tuah Turangga Agung, a subsidiary of PT United Tractors Tbk, has signed an acquisition agreement to acquire 40% of PT Bara Prima A ...
Friday, 26 August 11
INTRACO EYES US$200 MIO COAL TAKEOVER - INSIDER STORIES
Heavy equipment distributor PT Intraco Penta Tbk, that was founded by Halex Halim, is scouting a coal acquisition with the valuation above US$200 mi ...
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- Aditya Birla Group - India
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- ASAPP Information Group - India
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
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