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

Thursday, 17 November 11
DRY BULK MARKET INCHES FORWARD AND INTO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market edged higher yesterday, on the back of stronger demand for Capesize vessels and general improvement of sentiment on most of the ...


Thursday, 17 November 11
KOMIPO INVITES BIDS FOR 500K MT OF COAL
COALspot.com - Korea Midland Power Co. Ltd.(KOMIPO) is inviting bids for the supply of 500,000 Metric Tons of minimum 5700 kcal/kg coal of NAR bases ...


Thursday, 17 November 11
INDONESIAN GOVERNMENT PLANS TO ISSUE MORATORIUM ON COAL MINING LICENSE
COALspot.com - Energy and mineral resources ministry is plans to issue a moratorium on the issuance of coal mining licenses, after the anti-graft co ...


Wednesday, 16 November 11
KRISHNAPATNAM PORT BECOMES DEEPEST DRAFT PORT IN INDIA
COALspot.com - Krishnapatnam Port in its quest to be the best port in India has increased its draft to 17.5 meters, according to E-Mail statement fr ...


Wednesday, 16 November 11
CHINA'S INDONESIA COAL IMPORTS RISE IN OCTOBER
COALspot.com: Indonesia, the world largest coal exporter, shipped 31,162,688 MT of coal in October 2011. China was a largest importer of Indonesi ...


   994 995 996 997 998   
Showing 4976 to 4980 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 ...

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