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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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Thursday, 20 October 11
BRACKEN INTERNATIONAL MINING LISTS ON FRANKFURT STOCK EXCHANGE
Press Release - Bracken International Mining (Code:1BM) listed on the Deutsche Börse’s Frankfurt Stock Exchange today at €1.00 with ...
Thursday, 20 October 11
CAPESIZES, SUPRAMAXES LEAD GAINS FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Struggling to find additional support, but still managing to post gains, the dry bulk market has stabilized itself on higher levels again yesterday, ...
Wednesday, 19 October 11
METALLURGICAL COAL PRICES TO DROP BELOW US$240/TONNE - WOOD MACKENZIE
Wood Mackenzie Says Metallurgical Coal Prices to Drop Below US$240/tonne by Q4 2012 But Long-term Demand Fundamentals Remain Robust
Wood Mackenzi ...
Wednesday, 19 October 11
SUPRAMAX MARKET WAS VERY FIRM LAST WEEK - BRS
With all sectors contributing positively, the BDI ended the week at 2,173 points (+8.6%), its highest level so far in 2011. The BCI stood at 3,587 ( ...
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 ...
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- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
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