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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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- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- Minerals Council of Australia
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
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