We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
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 ...
|
|
|
Showing 5041 to 5045 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- The University of Queensland
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
|
| |
| |
|
