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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, 12 October 11
INDONESIAS COAL RUSH - JOSEPH KIRSCHKE
COALspot.com - Last winter, the Chinese government mobilized thousands of soldiers and reservists of the People’s Liberation Army to the port ...
Wednesday, 12 October 11
CAPESIZE - A SURPRISE JUMP IN RATES - BRS
There was a surge across all sizes last week, resulting in the BDI gaining 101 points to end the week at 2,000 points (+5.3%). The BCI reached 3,218 ...
Wednesday, 12 October 11
CAPESIZE FREIGHT RATES BOUND TO RETREAT FROM 2011 HIGHS ON THE BACK OF TONNAGE OVERSUPPLY SAYS BIMCO
According to Nikos Roussanoglou, Hellenic Shipping, with the BDI (Baltic Dry Index) breaking yet another 2011 high yesterday and ending the se ...
Tuesday, 11 October 11
GLENCORE, SUITOR FOR BUMI PLC? - INSIDER STORIES
Insider Stories reported that, the largest commodities trader in the world, Glencore International Plc, is considering an opportunity to acquire a m ...
Tuesday, 11 October 11
RENUKA COALINDO BUYS JAMBI COAL
PT Renuka Coalindo Tbk, formerly PT Allbond Makmur Usaha Tbk plans to acquire PT Jambi Prima Coal holder of mining concession in Pauh, Sa ...
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- Krishnapatnam Port Company Ltd. - India
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- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Romanian Commodities Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
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- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
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- Indonesian Coal Mining Association
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- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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