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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, 16 November 11
TAX OFFICE VOWS TO CRACK DOWN ON COAL MINERS - JP
The Jakarta Post reported that, the Finance Ministry’s Directorate General of Taxation says that it will strengthen its supervision of coal mi ...
Wednesday, 16 November 11
A STRONG WEEK FOR THE CAPES - BRS
A sharp bounce by the Cape market pushed the BDI up by 3% last week. This was despite a softening in the other indices with the Panamax, Supramax an ...
Monday, 14 November 11
BORL SEEKS 660K MT OF LOW SULPHUR COAL
COALspot.com - BORL India has issued a tender for around 660,000 MT of 4500 - 5500 kcal/kg sub-bituminous Coal.
Bharat Oman Refineries Ltd ...
Sunday, 13 November 11
BUNKER PRICES REMAINED FIRM
COALspot.com - The market seemed to recover this week with the BDI and Cape Index up.
The BDI was up by only about 2.86 pct closing at 1835 point ...
Saturday, 12 November 11
COALINDO ENERGY LAUNCHED INDEX FOR 3400 GAR COAL
COALspot.com - PT Coalindo Energy, in cooperation with Argus Media Limited, launched the coal index for low-rank coal with a calorific value of 3,40 ...
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- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- Indian Energy Exchange, India
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- Marubeni Corporation - India
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
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- London Commodity Brokers - England
- Parliament of New Zealand
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- Power Finance Corporation Ltd., India
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- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Mercuria Energy - Indonesia
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- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
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- Billiton Holdings Pty Ltd - Australia
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- Therma Luzon, Inc, Philippines
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- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
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- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
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- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
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- SN Aboitiz Power Inc, Philippines
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- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
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- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
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