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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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Thursday, 03 December 09
COAL INDIA IPO LIKELY TO HIT MARKETS BY NOVEMBER 2010
Soon investors will get to own a slice of India's largest coal mining company. Coal India its initial public offering will hit markets in November ...
Thursday, 03 December 09
PROLONGED COAL MARGIN SQUEEZE AHEAD - WESCOAL
Mining Weekly reported that, Coal junior Wescoal foresees a continued margin squeeze ahead. The JSE AltX-listed company's gross margin was reduced ...
Tuesday, 01 December 09
COAL DEMAND REBOUNDING FROM DOWNTURN - U.S. MINING EXECS
The coal industry is slowly rebounding from last year's recession with demand and prices inching upward, although inventories at U.S. power ...
Tuesday, 01 December 09
INDONESIA COAL OUTPUT SEEN LIFTED BY CHINA, INDIA
Reuters reported that, Indonesia's coal output is expected to grow by as much as 12 percent in 2010, boosted by demand from power hungry China and ...
Monday, 30 November 09
NTPC SCOUTS FOR MORE COAL BLOCKS IN INDONESIA
State-run National Thermal Power Corporation (NTPC) today said it has identified three more coal blocks in Indonesia for acquisition.
"We ha ...
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- GAC Shipping (India) Pvt Ltd
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
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