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

Thursday, 17 November 11
DRY BULK MARKET INCHES FORWARD AND INTO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market edged higher yesterday, on the back of stronger demand for Capesize vessels and general improvement of sentiment on most of the ...


Thursday, 17 November 11
KOMIPO INVITES BIDS FOR 500K MT OF COAL
COALspot.com - Korea Midland Power Co. Ltd.(KOMIPO) is inviting bids for the supply of 500,000 Metric Tons of minimum 5700 kcal/kg coal of NAR bases ...


Thursday, 17 November 11
INDONESIAN GOVERNMENT PLANS TO ISSUE MORATORIUM ON COAL MINING LICENSE
COALspot.com - Energy and mineral resources ministry is plans to issue a moratorium on the issuance of coal mining licenses, after the anti-graft co ...


Wednesday, 16 November 11
KRISHNAPATNAM PORT BECOMES DEEPEST DRAFT PORT IN INDIA
COALspot.com - Krishnapatnam Port in its quest to be the best port in India has increased its draft to 17.5 meters, according to E-Mail statement fr ...


Wednesday, 16 November 11
CHINA'S INDONESIA COAL IMPORTS RISE IN OCTOBER
COALspot.com: Indonesia, the world largest coal exporter, shipped 31,162,688 MT of coal in October 2011. China was a largest importer of Indonesi ...


   994 995 996 997 998   
Showing 4976 to 4980 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 ...

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