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