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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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Monday, 28 September 09
INDONESIA UNLIKELY TO PASS NEW MINING RULES IN 2009
Reuters reported that, Indonesia is unlikely to complete final regulations attached to a new mining and coal law this year, an official said on Mond ...
Monday, 28 September 09
TATA POWER SCOUTS FOR COAL BLOCKS ABROAD
Business Standard reported that, private power producer Tata Power is scouting for coal mines abroad, including Australia and Mozambique, to meet de ...
Saturday, 26 September 09
THE INDIA / FAR EAST SEEMS WILL BE FIRM NEXT WEEK - VISTAAR
COALspot.com (Singapore): The dry bulk market was soft this week and the BDI dropped by almost 7 pct to 2,183 points. The cape size index dropped by ...
Saturday, 26 September 09
GSECL PLANS TO PROCURE 15 LAKH (1.5 MILLION) MT OF IMPORTED COAL
Business Standard reported that, State-run power generation company, Gujarat State Electricity Corporation Ltd (GSECL) intends to procure 15 lakh (1 ...
Saturday, 26 September 09
SAIL TO SET UP TWO SLAG-BASED CEMENT MANUFACTURING UNITS
Rediff Business reported that, Government-owned Steel Authority of India Ltd, the country's largest steel producer, is looking to set up two greenf ...
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- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- The University of Queensland
- Australian Coal Association
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Planning Commission, India
- Bhatia International Limited - India
- Posco Energy - South Korea
- Marubeni Corporation - India
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- PTC India Limited - India
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- MS Steel International - UAE
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
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