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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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Wednesday, 10 August 11
KILLARA RESOURCES TO ACQUIRE SIX COAL CONCESSIONS OF TASON HOLDINGS
COALspot.com - Killara Resources Limited, an Australian listed company has formed PT Tavesco Killara Energy (TKE), a joint company with PT Tavesco I ...
Wednesday, 10 August 11
RESOURCE NATIONALISM IS MAIN BUSINESS RISK FOR MINING SECTORS, E&Y SURVEY
Resource nationalism is top of the business risk list for mining and metals companies around the world, while supply capacity constraint issues cont ...
Wednesday, 10 August 11
INDONESIAN COAL MINING ASSOCIATION OPPOSES LOW-GRADE COAL EXPORT BAN
COALspot.com - The Indonesian Coal Mining Association (ICMA) frowns on and challenges the government plan to ban the low-grade coal export inf ...
Wednesday, 10 August 11
ABM INVESTAMA TO OFFLOAD 20% IPO
Integrated coal mining PT ABM Investama, affiliated company of Tiara Marga Trakindo Group, aims to dispose 20% stake during an initial public offeri ...
Tuesday, 09 August 11
INDONESIAS COAL PRODUCTION GREW BY 19.4% LAST YEAR - BP
COALspot.com - Indonesia’s coal production grew by 19.4% last year to 305.879 million tonnes from 256.181 million tonnes in 2009, the fastest ...
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- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Minerals Council of Australia
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
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