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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, 11 September 09
L&T EYES AUSSIE COAL MINE
Commodity Online reported that, Larsen and Toubro is in talks to buy a thermal coal mine in Australia for about $300 million. Thermal coal is used f ...
Wednesday, 09 September 09
CHINESE INTEREST IN AUSTRALIA COAL TICKS UP AS PRICES FALL
After a lull of about two months, Australian thermal coal producers are now seeing renewed interest from Chinese buyers for spot cargoes in the four ...
Wednesday, 09 September 09
SALES FORECAST UP ON BETTER DISTRIBUTION
The Jakarta Post reported that, State coal producer PT Tambang Batubara Bukit Asam (PT BA) expects coal sales to rise by 11 percent next year as it ...
Wednesday, 09 September 09
NTPC HIRES MACQUARIE TO ADVISE INDONESIA COAL MINE PURCHASE
Bloomberg reported that, NTPC Ltd., Asia’s biggest power utility by value, has hired Macquarie Group Ltd. to evaluate a proposed coal mine pur ...
Tuesday, 08 September 09
SOUTH AFRICAN COAL FALLS MOST IN 11 WEEKS ON EXCESSIVE PRICES
Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the f ...
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- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- White Energy Company Limited
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- VISA Power Limited - India
- Bhatia International Limited - India
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Planning Commission, India
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Australian Coal Association
- Eastern Energy - Thailand
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
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