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Saturday, 08 October 11
INDONESIAN MINER PLANS $167M IPO TO FUEL SUMATRA COAL BOOM - JG
 The Jakarta Globe reported that, coal miner Atlas Resources aims to raise as much as Rp 1.5 trillion ($167 million) in an initial public offering to help finance its expansion plans.
The company plans to sell 783 million shares, or about 25 percent of its equity, according to Atlas’s underwriter, Indo Premier Securities. The shares will be offered at Rp 1,500 to Rp 1,900 per share to generate Rp 1.17 trillion to Rp 1.49 trillion.
Indo Premier managing director Moleonoto said Atlas would allow an over-allotment of up to 117.5 million shares if there is an oversubscription.
Atlas corporate secretary Aulia Setiadi an said on Friday that most of the proceeds will be used to build supporting infrastructure in its Sumatra coal mining hubs in Muba and Oku. Atlas also operates mining centers at Berau and Kubar in Kalimantan and in Papua.
The company is focusing on its Muba hub because it is the largest facility, with capacity set to reach 5.1 million tons a year by 2013. Atlas will invest $106 million on infrastructure there, Aulia said.
The company is currently waiting for an exploration permit for Papua, but output at the three other hubs is expected to reach 9.3 million tons in 2013.
Atlas’s current total capacity is about 2.5 million tons. In the first four months of this year the company’s total production was 400,000 tons. It produced 1.3 million tons in 2010.
Aulia said that as well as receiving funds from the IPO, the expansion will draw on the company’s internal cash flow and bank loans.
Abdi Andre, Atlas’s president director, said in a statement that about $25 million of the IPO funds will go to compensation for the restructuring of the company’s supply contract with Hong Kong-based Noble Group Limited, with the aim of starting a new marketing and sales contract.
Another 27.5 percent of the proceeds will be set aside for acquisitions in new fields should an “opportunity arise,” Abdi said. Atlas has no current plans to acquire another company, he said.
Indo Premier’s Moleonoto, said that despite the volatile market, he was confident the share sales would be successful.
“We are optimistic because Atlas has an interesting investment scheme and growth prospects,” Moleonoto said.
Book building and an international roadshow will be held from Oct. 10-18. Atlas expects to carry out the IPO from Oct. 31 to Nov. 2 and list on the Indonesia Stock Exchange on Nov. 8.
In the first half of 2011, Atlas booked Rp 402 billion in revenue, up 47 percent on the same period last year. Profit zoomed to Rp 46 billion in the year’s first half, up from Rp 2.5 billion in the same period last year.
The listing underlies the boom in the nation’s coal mines, which have been in high demand recently.
Source: The Jakarta Globe (By-Francezka Nangoy)
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Wednesday, 19 October 11
ADARO ACQUIRES BUKIT ENIM ENERGI - INSIDER STORIES
Insider Stories reported that, Coal miner PT Adaro Energy Tbk, via its subsidiary dubbed PT Alam Tri Abadi, today revealed a 46% stake takeover of a ...
Tuesday, 18 October 11
INDONESIAN PRESIDENT APPOINTS JERO WACIK AS NEW MINISTER OF ENERGY & MINERAL RESOURCES
COALspot.com - Jero Wacik has been appointed as minister of energy and mineral resources of Indonesia replacing Darwin Saleh and Prof. Widjajono Par ...
Tuesday, 18 October 11
DELTA DUNIA MAKMUR HAS PRODUCED 3.0 MILLION TONS OF COAL LAST MONTH
COALspot.com - PT. Delta Dunia Makmur, wholly owned subsidiary, PT Bukit Makmur Mandiri Utama (BUMA), Delta Dunia Makmur has removed 1.4 million bcm ...
Monday, 17 October 11
KOWEPO TO BUY 260,000 MT BITUMINOUS COAL
COALspot.com - KOWEPO has issued a spot tender for 260,000MT of minimum 5,600kcal/kg NAR Bituminous Coal.
The tender document also mentioned tha ...
Monday, 17 October 11
CAPESIZE SHIPPING COSTS CLIMB TO 10-MONTH HIGH ON ORE IMPORTS
The cost to hire capesize vessels climbed to a 10-month high as rising imports of iron ore to China boosted demand for the ships.Monthly iron-ore sh ...
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- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- White Energy Company Limited
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
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