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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, 09 July 09
COAL AND OIL GROUP TO INVEST $300 MN TO BUY SHIPS AND ACQUIRE COAL MINE
Coal & Oil Group is planning to invest around $300 million (around Rs 1,500 crore) to buy new ships and to acquire coal mines. The company is pl ...
Thursday, 09 July 09
NO TRADE ON AUSTRALIA'S ASX COAL FUTURES DEBUT
*ASX's deliverable thermal coal futures debut without trade
*ASX says futures could present new arbitrage opportunities
The debut of Australia ...
Wednesday, 08 July 09
GERMAN COAL PRODUCTION DECREASED BY 31% TO ROUND 3.4 MILLION TON IN 1Q 2009 - COAL IMPORTERS ASSOCIATION, HAMBURG
COALspot.com (Germany):
World Coal Market
According to analysis of VEREIN DER KOHLENIMPORTEURE E.V. , On a quantity basis the s ...
Wednesday, 08 July 09
HUADIAN POWER BUYS INTO COAL MINERS
Huadian Power International Corporation - China's largest independent power producerCannounced Tuesday in a filing to the Shanghai Stock Exchange ...
Tuesday, 07 July 09
RICHARDS BAY TERMINAL COAL EXPORTS ROSE 7.2% IN JUNE
Richards Bay Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments rose 7.2 percent in June from a year earlier.
Export ...
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- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- The University of Queensland
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- White Energy Company Limited
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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