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