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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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Tuesday, 04 October 11
INDONESIA RAISES COAL BENCHMARK (HBA) FOR FIRST TIME IN 4 MONTHS
COALspot.com - Indonesia raised the monthly reference price for sales in October by 2.56 percent, the first increase since June.
The Ministry of ...
Tuesday, 04 October 11
COAL MINING GROUP WANTS EXPORT TAX, NOT EXCISE - JG
One of the leading English news paper in Indonesia, The Jakarta Globe reported that, the government shall reimpose a duty on coal exports, classifyi ...
Sunday, 02 October 11
INDIAN COAL IMPORTS PICKED UP - CAPT. REDDY
COALspot.com - The BDI dropped by 1 pct and Cape index dropped by 6 pct closing at 1,899 points and 3,136 points respectively. However all other seg ...
Saturday, 01 October 11
2012 TO BE ANOTHER CHALLENGING YEAR - CEO, REMI MARITIME
Shipowners are facing another challenging year in 2012 said Mr. Leonidas Polemis CEO of Remi Maritime Corporation, urging caution towards operating ...
Friday, 30 September 11
MINING BILL CLEARED, FIRMS TO SHARE 26% PROFITS WITH LOCALS - NDTV
NDTV reported that, The Union Cabinet cleared the draft mining bill aimed at regulating mining activities Friday. The bill proposes a profit-sharing ...
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- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- PTC India Limited - India
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
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