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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, 27 May 09
EUROPEAN COAL PRICES FOR 2010 SETTLEMENT DROP TO 11-DAY LOW - BLOOMBERG
Benchmark European coal derivatives declined to an 11-day low as oil prices slumped.
Coal for delivery to Amsterdam, Rotterdam or Antwerp with se ...
Tuesday, 26 May 09
NEW MINING PERMITS TO BE OBTAINABLE WITHIN TWO WEEKS' TIME - MAJALAHTAMBANG
The Indonesian government is currently formulating a procedure for companies willing to obtain mining permits (IUP in its Indonesian abbreviation). ...
Tuesday, 26 May 09
KADIN CALLS FOR BIGGER RECOGNITION OF MINING SECTOR - MAJALAHTAMBANG
The Indonesian Chamber of Commerce and Industry (KADIN Indonesia) had called other sectors, particularly the forestry and the land administration se ...
Tuesday, 26 May 09
TUTICORIN PORT TO INVEST RS 700CR FOR COAL HANDLING FACILITIES
Business Standard reported that, The Tuticorin Port will develop coal handling facilities for state-run Neyveli Lignite Corporation (NLC) and Coasta ...
Monday, 25 May 09
MMTC TO IMPORT 12.5 MN TN COAL FOR NTPC
India's State-run trading firm MMTC Ltd will import 12.5 million tonnes of coal this fiscal for the country’s largest power producer, NTPC. M ...
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- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Aditya Birla Group - India
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- Meralco Power Generation, Philippines
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
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