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Tuesday, 25 August 09
BHARAT LOOKS TO BULLDOZE RIVALS WITH LOWER PRICES
 The Jakarta Globe reported that, The country’s two established heavy equipment suppliers now have a competitor in the form of Indian firm Bharat Earth Movers, which has set up an operation in Balikpapan, East Kalimantan.
Bharat’s total investment, including a basic assembly plant and after-sales service network, is expected to reach an estimated $44 million.
“Based on our study, Indonesia presents big opportunities for heavy equipment,” Bharat’s chairman and managing director, V RS Natarajan, said at a launch ceremony in Jakarta on Monday. “We believe that the total market is worth between $500 and $600 million.”
Until Bharat’s arrival, there had only been two heavy equipment suppliers in Indonesia — US-based Caterpillar and Japan-based Komatsu.
Natarajan said that Bharat would be seeking a 10 percent market share worth an estimated $50 million in its first year of operations.
“Currently, we have contracts with two Indonesian companies — Bumi Resources and another Bakrie group company,” he said. “The contracts are worth $44 million and cover three products: hydraulic excavators, bulldozers and wheel dozers.”
Over the next two years, Bharat is targeting $300 million in heavy equipment sales. “And if we achieve that target, we will open a full assembly plant in Indonesia,” Natarajan said.
Bharat is an Indian state-owned company run by that country’s Ministry of Defense.
It produces 35 types of heavy equipment for the mining and construction sectors, defense equipment and metro and railway equipment. To establish its edge among the competition, Natrajan said that Bharat would offer customers lower prices, faster arrival times and warranties of up to 17 years.
“India and Indonesia are quite near each other, compared to Japan or the United States. So we’re able to promise the customer faster arrival times,” he said.
This is the fourth branch outside of India that has been established by Bharat, with the others being in Malaysia, China and Brazil.
“We chose Indonesia as this country has a strong mining sector, but lacks heavy equipment,” Natrajan said.
The arrival of Bharat comes at a difficult time for the heavy equipment industry, as the economic slump continues to eat into mining output.
“Many of the existing companies have had to postpone expanding capacity due to the global crisis, which has forced mine operators to delay their purchases of heavy equipment,” Pratojo Dewo, the chairman of the Heavy Equipment Industry Association (Hinabi), said on Sunday, as quoted by Kontan business daily.
Source: The Jakarta Globe
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Tuesday, 22 December 09
CHINA CONTRACTED COAL PRICE FOR 2010 SEES SLIGHT INCREASE
A number of coal and power enterprises have concluded their annual power-coal supply contracts for 2010, and the contracted coal price saw slight in ...
Tuesday, 22 December 09
NEWCASTLE COAL SHIP QUEUE LONGEST IN TWO YEARS AS EXPORTS SLOW
Bloomberg reported that, the queue of coal ships waiting at Australia’s Newcastle port, the world’s biggest export harbor for the fuel, ...
Monday, 21 December 09
INDONESIA HAS EXPORTED AROUND 195.303 MILLION TONS OF COAL TILL END OF NOVEMBER 2009
COALspot.com (Indonesia): China has been the largest single buyer of Indonesian coal in November 2009, by taking 28.69% of total exported quan ...
Monday, 21 December 09
RUSSIAN COAL MINER SUEK EYES '10 LONDON IPO
* Company valued at around $8-$9 bln - banking source
* IPO could take place in H1 - source
* May list 25 pct of share capital - report
Reuters ...
Monday, 21 December 09
IGCC OUTLOOK CHINA 2010 TO BE HELD IN APRIL 2010 IN SHANGHAI
COALspot.com (China): Press Release - Aiming at unveiling the growth area of IGCC polygeneration, IGCC Outlook China 2010 is planned to be hel ...
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- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Planning Commission, India
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
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