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

Saturday, 12 November 11
BBJ WILL RELEASE A COAL CONTRACT
Jakarta Futures Exchange will soon release a coal futures contracts during the quarter 1 / 2012. Director of the Jakarta Futures Exchange (BBJ) S ...


Saturday, 12 November 11
DRY BULK MARKET REGAINS SOME OF THE LOST GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market managed to edge forward yesterday, putting an end and halting the losses accumulated over the course of the past weeks, which ha ...


Friday, 11 November 11
PETROCOM ENERGY PLANS $40M TO BUILD COAL PLANT IN CILEGON - JP
The Jakarta Post reported that, Hong Kong-based Petrocom Energy Ltd has unveiled plans to invest up to US$40 million on a proposed coal-blending fac ...


Friday, 11 November 11
GOVT WAITS LEGAL DECISION ON BUKIT ASAM, ADARO DISPUTE - JP
The Jakarta Post reported that, The government says that it will not interfere in the settlement process of the dispute between state coal miner PT ...


Thursday, 10 November 11
INDONESIAN REFERENCE COAL PRICE FELL AGAIN
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the November 2011 Indonesian Coal Reference Price for thermal coal at U ...


   996 997 998 999 1000   
Showing 4986 to 4990 news of total 6871
News by Category
Popular News
 
Total Members : 28,621
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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