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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$25 million to settle compensation fee to Noble.
In 2010 and 2009, Atlas Resources produced 1.25 million tons and 1.06 million tons coal. In the first four months of this year, the company produced 333,474 tons. Most production was contributed by its subsidiary dubbed PT Berau Bara Energi.
Atlas Resources owns 18 subsidiaries namely Berau Bara Energi, PT Diva Kencana Borneo, PT Hanson Energy, PT Aquela Pratama Indonesia, PT Optima Coal, PT Optima Persada Energi, PT Citra Global Artha, PT Papua Inti Energi, PT Kalibara Energi Pratama, PT Gorby Energi, PT Gorby Global Energi. PT Gorby Putra Utama, PT Anugrah Energi, PT Banyan Koalindo Lestari, PT Cipta Wanadana, PT Karya Manunggal, PT Musi Mitra Jaya, and PT Sriwijaya Bara Logistic.
Source: Insider Stories
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Friday, 30 September 11
MINING BILL CLEARED, FIRMS TO SHARE 26% PROFITS WITH LOCALS - NDTV
NDTV reported that, The Union Cabinet cleared the draft mining bill aimed at regulating mining activities Friday. The bill proposes a profit-sharing ...
Friday, 30 September 11
INDIAN IRON ORE MARKET GETTING ACTIVE - FEARNLEYS AS
Handy
The Atlantic market continued its strong trend with fresh cargoes entering the market. Vessels open US Gulf fixed tick above US$ 27k back to t ...
Friday, 30 September 11
KRISHNAPATNAM PORT WINS GLOBAL PORT & COAL PORT OF THE YEAR AWARDS
COALspot.com - Krishnapatnam Port, a dynamic new generation world class port located in the East Coast of India has been adjudged the winner in the ...
Thursday, 29 September 11
INDONESIA'S MINERS FACE AN UNCERTAIN FUTURE - RUPERT WALKER
An evolving regulatory framework for the country's minerals industry could threaten its profitability and stifle investment.
The five-year surge ...
Thursday, 29 September 11
DRY BULK MARKET FALLS MID-WEEK, FURTHER DROP EXPECTED NEXT WEEK ON CHINA HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market, as reflected by the Baltic Dry Index (BDI) retreated by 0.36% yesterday reaching 1,920 points, with the Capesize segment suffer ...
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- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Australian Coal Association
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- Minerals Council of Australia
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- White Energy Company Limited
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- The University of Queensland
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