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Wednesday, July 6, 2011

ATLAS RESOURCES TO OFFLOAD 17 PERCENT IPO - INSIDER STORIES

Wednesday, 06 July 11

Coking and thermal coal miner PT Atlas Energi Resources aims to offload 17percent new shares of its enlarged capital after Eid-Fitri holidays, as quoted by Insider Stories.

Eddy Sugito, Director of Indonesia Stock Exchange, said Atlas Resources has held a mini expose to the exchange last week.According to him, Atlas Resources has mandated PT UBS Securities and PT Indo Premier Securities as the IPO's lead underwriters, said, Insider Stories

Atlas Resources currently manages operation and explorations in several coal mine locations in East Kalimantan, South Sumatra and Papua. The company is scouting coal output of 2 million tons-2.3 million tons by end of this year. (By Coalspot)

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