COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Friday, 30 September 11
INDIAN IRON ORE MARKET GETTING ACTIVE - FEARNLEYS AS
Handy The Atlantic market continued its strong trend with fresh cargoes entering the market. Vessels open US Gulf fixed tick above US$ 27k back to t ...


Friday, 30 September 11
KRISHNAPATNAM PORT WINS GLOBAL PORT & COAL PORT OF THE YEAR AWARDS
COALspot.com - Krishnapatnam Port, a dynamic new generation world class port located in the East Coast of India has been adjudged the winner in the ...


Thursday, 29 September 11
INDONESIA'S MINERS FACE AN UNCERTAIN FUTURE - RUPERT WALKER
An evolving regulatory framework for the country's minerals industry could threaten its profitability and stifle investment. The five-year surge ...


Thursday, 29 September 11
DRY BULK MARKET FALLS MID-WEEK, FURTHER DROP EXPECTED NEXT WEEK ON CHINA HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market, as reflected by the Baltic Dry Index (BDI) retreated by 0.36% yesterday reaching 1,920 points, with the Capesize segment suffer ...


Wednesday, 28 September 11
ATLAS RESOURCES TO SELL 25% STAKE IN IPO - INSIDER STORIES
Insider Stories reported that, coal producer PT Atlas Resources Tbk, that is controlled by Indonesian businessman Andre Abdi, plans to sell 783.33 m ...


   1010 1011 1012 1013 1014   
Showing 5056 to 5060 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Samsung - South Korea
  • Maruti Cements - India
  • Sucofindo - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • DBS Bank - Singapore
  • MS Steel International - UAE
  • Romanian Commodities Exchange
  • IEA Clean Coal Centre - UK
  • The Treasury - Australian Government
  • Adaro Indonesia
  • Africa Commodities Group - South Africa
  • TANGEDCO India
  • Indogreen Group - Indonesia
  • Directorate Of Revenue Intelligence - India
  • Glencore India Pvt. Ltd
  • Antam Resourcindo - Indonesia
  • White Energy Company Limited
  • Neyveli Lignite Corporation Ltd, - India
  • PTC India Limited - India
  • Runge Indonesia
  • World Coal - UK
  • CCIC - Indonesia
  • Xindia Steels Limited - India
  • Goldman Sachs - Singapore
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Indonesian Coal Mining Association
  • Bukit Asam (Persero) Tbk - Indonesia
  • Straits Asia Resources Limited - Singapore
  • RBS Sempra - UK
  • Indian Oil Corporation Limited
  • Riau Bara Harum - Indonesia
  • Mitra SK Pvt Ltd - India
  • Britmindo - Indonesia
  • Adani Power Ltd - India
  • Cardiff University - UK
  • Indorama - Singapore
  • Bangladesh Power Developement Board
  • Vijayanagar Sugar Pvt Ltd - India
  • Orica Australia Pty. Ltd.
  • Permata Bank - Indonesia
  • Freeport Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • Economic Council, Georgia
  • Trasteel International SA, Italy
  • Australian Commodity Traders Exchange
  • NTPC Limited - India
  • Wilmar Investment Holdings
  • GMR Energy Limited - India
  • Maersk Broker
  • Videocon Industries ltd - India
  • APGENCO India
  • KOWEPO - South Korea
  • Bhatia International Limited - India
  • Shenhua Group - China
  • Georgia Ports Authority, United States
  • Mintek Dendrill Indonesia
  • Merrill Lynch Commodities Europe
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • TRAFIGURA, South Korea
  • Deutsche Bank - India
  • Fearnleys - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Uttam Galva Steels Limited - India
  • MEC Coal - Indonesia
  • Arutmin Indonesia
  • Cosco
  • Idemitsu - Japan
  • globalCOAL - UK
  • ANZ Bank - Australia
  • Salva Resources Pvt Ltd - India
  • SRK Consulting
  • McConnell Dowell - Australia
  • Merrill Lynch Bank
  • Kideco Jaya Agung - Indonesia
  • Total Coal South Africa
  • UOB Asia (HK) Ltd
  • PetroVietnam
  • Samtan Co., Ltd - South Korea
  • Ministry of Transport, Egypt
  • Leighton Contractors Pty Ltd - Australia
  • Indo Tambangraya Megah - Indonesia
  • Enel Italy
  • PLN Batubara - Indonesia
  • Bhoruka Overseas - Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Borneo Indobara - Indonesia
  • New Zealand Coal & Carbon
  • ING Bank NV - Singapore
  • Attock Cement Pakistan Limited
  • Lanco Infratech Ltd - India
  • Infraline Energy - India
  • Timah Investasi Mineral - Indoneisa
  • LBH Netherlands Bv - Netherlands
  • ETA - Dubai
  • Miang Besar Coal Terminal - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • Mitsubishi Corporation
  • Qatrana Cement - Jordan
  • IOL Indonesia
  • KPMG - USA
  • CESC Limited - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • GN Power Mariveles Coal Plant, Philippines
  • SASOL - South Africa
  • Chamber of Mines of South Africa
  • Interocean Group of Companies - India
  • Barclays Capital - USA
  • Tanito Harum - Indonesia
  • Kepco SPC Power Corporation, Philippines
  • Vizag Seaport Private Limited - India
  • BNP Paribas - Singapore
  • Clarksons - UK
  • Bukit Makmur.PT - Indonesia
  • Bukit Baiduri Energy - Indonesia
  • GHCL Limited - India
  • Semirara Mining Corp, Philippines
  • Kapuas Tunggal Persada - Indonesia
  • J M Baxi & Co - India
  • Rudhra Energy - India
  • London Commodity Brokers - England
  • BRS Brokers - Singapore
  • Essar Steel Hazira Ltd - India
  • Wood Mackenzie - Singapore
  • Posco Energy - South Korea
  • Commonwealth Bank - Australia
  • Moodys - Singapore
  • Noble Europe Ltd - UK
  • Minerals Council of Australia
  • Alfred C Toepfer International GmbH - Germany
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Medco Energi Mining Internasional
  • Power Finance Corporation Ltd., India
  • Marubeni Corporation - India
  • Thermax Limited - India
  • U S Energy Resources
  • Jaiprakash Power Ventures ltd
  • Jorong Barutama Greston.PT - Indonesia
  • JPower - Japan
  • Mercator Lines Limited - India
  • SMG Consultants - Indonesia
  • Geoservices-GeoAssay Lab
  • Sree Jayajothi Cements Limited - India
  • Larsen & Toubro Limited - India
  • Inco-Indonesia
  • The University of Queensland
  • Gupta Coal India Ltd
  • Carbofer General Trading SA - India
  • Ind-Barath Power Infra Limited - India
  • Coalindo Energy - Indonesia
  • Jindal Steel & Power Ltd - India
  • Ambuja Cements Ltd - India
  • Global Coal Blending Company Limited - Australia
  • Gujarat Electricity Regulatory Commission - India
  • SN Aboitiz Power Inc, Philippines
  • PNOC Exploration Corporation - Philippines
  • Eastern Coal Council - USA
  • Oldendorff Carriers - Singapore
  • San Jose City I Power Corp, Philippines
  • Peabody Energy - USA
  • Bulk Trading Sa - Switzerland
  • Kumho Petrochemical, South Korea
  • Siam City Cement PLC, Thailand
  • GNFC Limited - India
  • Arch Coal - USA
  • Altura Mining Limited, Indonesia
  • Thiess Contractors Indonesia
  • Reliance Power - India
  • Renaissance Capital - South Africa
  • Coastal Gujarat Power Limited - India
  • Aboitiz Power Corporation - Philippines
  • JPMorgan - India
  • Petron Corporation, Philippines
  • European Bulk Services B.V. - Netherlands
  • EIA - United States
  • TGV SRAAC LIMITED, India
  • VISA Power Limited - India
  • Singapore Mercantile Exchange
  • Humpuss - Indonesia
  • Baramulti Group, Indonesia
  • Parliament of New Zealand
  • Manunggal Multi Energi - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Sarangani Energy Corporation, Philippines
  • Core Mineral Indonesia
  • OCBC - Singapore
  • Billiton Holdings Pty Ltd - Australia
  • Savvy Resources Ltd - HongKong
  • Cemex - Philippines
  • Platts
  • Sojitz Corporation - Japan
  • Inspectorate - India
  • Kalimantan Lumbung Energi - Indonesia
  • Heidelberg Cement - Germany
  • Sical Logistics Limited - India
  • Central Java Power - Indonesia
  • UBS Singapore
  • WorleyParsons
  • Formosa Plastics Group - Taiwan
  • Rashtriya Ispat Nigam Limited - India
  • Argus Media - Singapore
  • Kaltim Prima Coal - Indonesia
  • Kobe Steel Ltd - Japan
  • Parry Sugars Refinery, India
  • South Luzon Thermal Energy Corporation
  • Electricity Generating Authority of Thailand
  • Thriveni
  • GVK Power & Infra Limited - India
  • EMO - The Netherlands
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Panama Canal Authority
  • SUEK AG - Indonesia
  • Gresik Semen - Indonesia
  • HSBC - Hong Kong
  • AsiaOL BioFuels Corp., Philippines
  • Petrosea - Indonesia
  • Coaltrans Conferences
  • Indonesia Power. PT
  • CIMB Investment Bank - Malaysia
  • Indian Energy Exchange, India
  • Toyota Tsusho Corporation, Japan
  • Meenaskhi Energy Private Limited - India
  • Global Business Power Corporation, Philippines
  • Maheswari Brothers Coal Limited - India
  • Lafarge - France
  • Platou - Singapore
  • Ince & co LLP
  • Barasentosa Lestari - Indonesia
  • Thomson Reuters GRC
  • Agrawal Coal Company - India
  • Tata Chemicals Ltd - India
  • SMC Global Power, Philippines
  • Independent Power Producers Association of India
  • Shree Cement - India
  • The India Cements Ltd
  • Pinang Coal Indonesia
  • McKinsey & Co - India
  • OPG Power Generation Pvt Ltd - India
  • Standard Chartered Bank - UAE
  • Latin American Coal - Colombia
  • Thailand Anthracite
  • Krishnapatnam Port Company Ltd. - India
  • Ministry of Mines - Canada
  • World Bank
  • Orica Mining Services - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • Vale Mozambique
  • Indian School of Mines
  • CoalTek, United States
  • Sindya Power Generating Company Private Ltd
  • PowerSource Philippines DevCo
  • Siam City Cement - Thailand
  • Credit Suisse - India
  • Dalmia Cement Bharat India
  • Iligan Light & Power Inc, Philippines
  • Intertek Mineral Services - Indonesia
  • Berau Coal - Indonesia
  • Pendopo Energi Batubara - Indonesia
  • Tamil Nadu electricity Board
  • Vedanta Resources Plc - India
  • Maharashtra Electricity Regulatory Commission - India
  • Globalindo Alam Lestari - Indonesia
  • Tata Power - India
  • Surastha Cement
  • Malabar Cements Ltd - India
  • Semirara Mining and Power Corporation, Philippines
  • CNBM International Corporation - China
  • Sakthi Sugars Limited - India
  • Karbindo Abesyapradhi - Indoneisa
  • Coal India Limited
  • Energy Link Ltd, New Zealand
  • ICICI Bank Limited - India
  • ASAPP Information Group - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Cargill India Pvt Ltd
  • Electricity Authority, New Zealand
  • Asmin Koalindo Tuhup - Indonesia
  • The State Trading Corporation of India Ltd
  • Chettinad Cement Corporation Ltd - India
  • Ernst & Young Pvt. Ltd.
  • Coeclerici Indonesia
  • Energy Development Corp, Philippines
  • TNPL - India
  • Binh Thuan Hamico - Vietnam
  • Ceylon Electricity Board - Sri Lanka
  • Asian Development Bank
  • Coal and Oil Company - UAE
  • TeaM Sual Corporation - Philippines
  • India Bulls Power Limited - India
  • International Coal Ventures Pvt Ltd - India
  • Aditya Birla Group - India
  • IHS Mccloskey Coal Group - USA
  • Cement Manufacturers Association - India
  • Bhushan Steel Limited - India
  • Mechel - Russia
  • Australian Coal Association
  • Meralco Power Generation, Philippines
  • Coal Orbis AG
  • Vitol - Bahrain
  • Asia Cement - Taiwan
  • Deloitte Consulting - India
  • Banpu Public Company Limited - Thailand
  • Simpson Spence & Young - Indonesia
  • PLN - Indonesia
  • bp singapore
  • Star Paper Mills Limited - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Madhucon Powers Ltd - India
  • Thai Mozambique Logistica
  • GAC Shipping (India) Pvt Ltd
  • Eastern Energy - Thailand
  • Port Waratah Coal Services - Australia
  • Maybank - Singapore
  • Russian Coal LLC
  • Edison Trading Spa - Italy
  • Gujarat Sidhee Cement - India
  • Therma Luzon, Inc, Philippines
  • Bharathi Cement Corporation - India
  • Mercuria Energy - Indonesia
  • Xstrata Coal
  • IBC Asia (S) Pte Ltd
  • Mitsui
  • Cebu Energy, Philippines
  • Grasim Industreis Ltd - India
  • Japan Coal Energy Center
  • KEPCO - South Korea
  • NALCO India
  • Jatenergy - Australia
  • Holcim Trading Pte Ltd - Singapore
  • Global Green Power PLC Corporation, Philippines
  • GB Group - China
  • Price Waterhouse Coopers - Russia
  • Rio Tinto Coal - Australia
  • Mjunction Services Limited - India
  • Ministry of Finance - Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • SGS (Thailand) Limited
  • Bank of America
  • Indika Energy - Indonesia
  • IMC Shipping - Singapore
  • Bank of China, Malaysia
  • Planning Commission, India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • ACC Limited - India
  • Bangkok Bank PCL
  • Makarim & Taira - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • KPCL - India
  • Metalloyd Limited - United Kingdom
  • Karaikal Port Pvt Ltd - India
  • Malco - India
  • Kartika Selabumi Mining - Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • Central Electricity Authority - India
  • Anglo American - United Kingdom