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Saturday, 29 October 11
ATLAS RESOURCES SEALS US$95 MIO LOAN - INSIDER STORIES
 Insider Stories reported that, coal producer PT Atlas Resources Tbk, that is controlled by Indonesian businessman Andre Abdi, has secured US$95 million loan facilities in August and October this year.
Those facilities, both arranged by PT Bank Permata Tbk (BNLI), were secured by Atlas Resources from Bank Permata, DBS Bank, and PT Bank Danamon Tbk (BDMN).
Atlas Resources obtained US$45 million loan from Bank Permata and Bank Danamon and the remaining facility has been channeled by Bank Permata and DBS Bank.
Atlas aims to sell 783.33 million new shares or representing 25% of its enlarged capital during initial public offering (IPO) scheduled on October 31 2011.
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$25 million to settle compensation fee to Noble.
In 2010 and 2009, Atlas Resources produced 1.25 million tons and 1.06 million tons coal. In the first four months of this year, the company produced 333,474 tons. Most production was contributed by its subsidiary dubbed PT Berau Bara Energi.
According to Insider Stories, Atlas Resources owns 18 subsidiaries namely Berau Bara Energi, PT Diva Kencana Borneo, PT Hanson Energy, PT Aquela Pratama Indonesia, PT Optima Coal, PT Optima Persada Energi, PT Citra Global Artha, PT Papua Inti Energi, PT Kalibara Energi Pratama, PT Gorby Energi, PT Gorby Global Energi. PT Gorby Putra Utama, PT Anugrah Energi, PT Banyan Koalindo Lestari, PT Cipta Wanadana, PT Karya Manunggal, PT Musi Mitra Jaya, and PT Sriwijaya Bara Logistic.
Source: Insider Stories
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Sunday, 23 October 11
CHINA LOOKING TO RESELL INDONESIAN COAL CARGOES - BARCLAYS
Commodity Online reported that, Anecdotal evidence has suggested that China is even looking to resell Indonesian cargoes back into the seaborne coal ...
Saturday, 22 October 11
THE SHORT-PERIOD RATES FOR PANAMAX REMAINED FIRM - CAPT. REDDY
COALspot.com - "The market seemed to slow down a bit this week, and all sectors were down by about One to five percent", said Capt. Reddy, ...
Saturday, 22 October 11
WILL THE PROPOSED 26 PERCENT PROFIT SHARING CLAUSE IN THE MINING BILL SPEED UP THE PRODUCTION OR SCARE AWAY INVESTORS? - DIPESH DIPU
A draft law has been approved by a ministerial panel headed by Finance Minister Pranab Mukherjee of India which, if passed by the Cabinet, will make ...
Saturday, 22 October 11
INDONESIA'S GOLDEN ENERGY SLASHES ITS IPO PRICE - THE JAKARTA GLOBE
The Jakarta Globe reported that, Golden Energy Mines, a coal mining company affiliated with Sinar Mas Group, lowered its target in an initial public ...
Thursday, 20 October 11
CAPESIZE - TUBARAO /QINGDAO BEING FIXED AT STRONG US$ 29.75 PMT
Handy
The Atlantic market is quite steady, and market seems to be around the same levels as last week. Fewer fixtures reported though. ...
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Showing 5016 to 5020 news of total 6871 |
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- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- The University of Queensland
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- White Energy Company Limited
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Australian Coal Association
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