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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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Monday, 10 October 11
MOZAMBIQUE CHANNEL TO BE THE NEW PIRACY HOTSPOT FOR THIS YEAR SAYS MARITIME SECURITY EXPERT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Mozambique Channel, as well as the entrance to the Persian Gulf, are expected to become some of the new pirate hotspots for piracy, says Richard ...
Sunday, 09 October 11
FREIGHT MARKET ENDED WITH A POSITIVE DIRECTION - VISTAAR
COALspot.com - The market ended with a positive note with all the segments up except for handy size. The biggest gainer was Panamax index up by 11 p ...
Friday, 07 October 11
MINING REGULATIONS , OBSTACLES AND GROWTH : INDIA VS INDONESIA - SUNIL K KUMBHAT
COALspot.com - The Govt of India has passed long pending Mines & Minerals (Regulation and Development) Bill, 2011, which seeks to replace ...
Friday, 07 October 11
$100M FOR EXPANSION INTO KALIMANTAN MINING: AKR
The Jakarta Globe, one of the leading English news paper in Indonesia reported that, AKR Corporindo, a fuel and chemical distributor, has set aside ...
Thursday, 06 October 11
REALM SECURES 51% OF KATINGAN RIA COAL PROJECT IN CENTRAL KALIMANTAN
•Realm secures 51% of PT Katingan Ria Thermal Coal Project in Central Kalimantan
•Realm takes ownership of Kalres Limited
•Acquisit ...
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- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Minerals Council of Australia
- Posco Energy - South Korea
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- MS Steel International - UAE
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- The University of Queensland
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- White Energy Company Limited
- Agrawal Coal Company - India
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
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