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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, 05 October 11
WITH CHINA ON HOLIDAY, DRY BULK MARKET REMAINS STAGNANT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has remained to healthy levels after last month’s rally, but with China going on holiday this week, things are looking sta ...
Tuesday, 04 October 11
INDONESIA RAISES COAL BENCHMARK (HBA) FOR FIRST TIME IN 4 MONTHS
COALspot.com - Indonesia raised the monthly reference price for sales in October by 2.56 percent, the first increase since June.
The Ministry of ...
Tuesday, 04 October 11
COAL MINING GROUP WANTS EXPORT TAX, NOT EXCISE - JG
One of the leading English news paper in Indonesia, The Jakarta Globe reported that, the government shall reimpose a duty on coal exports, classifyi ...
Sunday, 02 October 11
INDIAN COAL IMPORTS PICKED UP - CAPT. REDDY
COALspot.com - The BDI dropped by 1 pct and Cape index dropped by 6 pct closing at 1,899 points and 3,136 points respectively. However all other seg ...
Saturday, 01 October 11
2012 TO BE ANOTHER CHALLENGING YEAR - CEO, REMI MARITIME
Shipowners are facing another challenging year in 2012 said Mr. Leonidas Polemis CEO of Remi Maritime Corporation, urging caution towards operating ...
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- Trasteel International SA, Italy
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- PTC India Limited - India
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- Australian Coal Association
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- White Energy Company Limited
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