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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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Wednesday, 19 August 09
MMTC SCRAPS CONTROVERSIAL COAL TENDER
Most of NTPC’s coal-based projects don’t have sufficient stock of coal
State-owned trading firm MMTC Ltd has scrapped its controversi ...
Wednesday, 19 August 09
THE 3RD ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2009 WILL BE HELD IN CHINA IN SEPTEMBER 2009
COALspot.com (China): Due to the inversion of domestic and overseas coal price in China, China coal import increased dramatically and continuously. ...
Wednesday, 19 August 09
COAL INDIA PLANS SUBSIDIARY IN MOZAMBIQUE
Business Standard reported that, Coal India Ltd (CIL), which was awarded two exploratory coal blocks in Mozambique in March this year, has decided t ...
Tuesday, 18 August 09
INDIA PLANS 'SIMPLER' MINING LAW TO BOOST INVESTMENT
Bloomberg reported that, India aims to cut permit delays and attract overseas capital through “simpler” resource investment laws to help ...
Tuesday, 18 August 09
BANPU TO FOCUS ON CORE BUSINESS
Banpu, the country's leading energy firm, expects to conclude its four-year strategic plan next month, resulting in a strengthening of its core bus ...
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- Vedanta Resources Plc - India
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- White Energy Company Limited
- Economic Council, Georgia
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
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