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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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Friday, 23 October 09
INDIAN GROUP INTERESTED IN MOZAMBICAN COAL
Mining Weekly reported that, India’s leading steelmaker, the Steel Authority of India Limited (Sail), has confirmed that it is seeking to acqu ...
Friday, 23 October 09
AUSTRALIA APPROVES CHINESE TAKEOVER OF FELIX RESOURCES
* Australia give conditional approval to China's Felix deal
* Chinese owner must list the assets on Australian exchange
Reuters reported that, ...
Friday, 23 October 09
IVANHOE TARGETING 20 MILLION TONS OF COAL OUTPUT IN MONGOLIA
Bloomberg reported that, Ivanhoe Mines Ltd., developing a $4 billion copper and gold mine in Mongolia with Rio Tinto Group, is targeting long-term c ...
Friday, 23 October 09
XSTRATA PLANS $1BN AUSTRALIAN COAL PORT
Xstrata Plc, the world's biggest exporter of steam coal, plans to build a new $1 billion coal port in Australia, it said.
The proposed Balaclava ...
Friday, 23 October 09
MEXICO'S CFE SEEKS 6.24 MLN T COAL FOR 2010-12
Reuters reported that, Mexico's state-owned power monopoly plans to award a tender for 6.24 million tonnes of steam coal in December, according to ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- GMR Energy Limited - India
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Chettinad Cement Corporation Ltd - India
- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- Minerals Council of Australia
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
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