Six states initiate auction for critical mineral exploration licenses

In a significant move towards mineral resource development, six states in India have launched auctions for critical mineral exploration licenses.

India to achieve self-reliance in metals, mining sector

During a virtual address, Pralhad Joshi, the Minister for Coal, Mines, and Parliamentary Affairs, emphasised the importance of minerals in the post-pandemic scenario and ongoing energy transition, stating that there has been a surge in demand for minerals worldwide.

Transforming pre-owned CE industry

In the used construction equipment industry, CRM plays a pivotal role in fostering lasting relationships with clients and optimising business processes.

India urged to reform mineral exploration policies

Sumit Deb the outgoing President of the Federation of Indian Mineral Industries (FIMI) has called for comprehensive reforms to stimulate mineral exploration in India

Navigating the Depths

How IIoT is enhancing safety and efficiency in underground mining.

Shriram Automall celebrates 12th SAMIL Utsav on a grand scale

India’s largest phygital pre-owned marketplace for vehicles and equipment, Shriram Automall India (SAMIL) created yet another benchmark in the used automobile industry on its 12th business anniversary by recording footfalls of over 25,000 customers on a single day.

Shriram Automall celebrates 12th SAMIL Utsav on a grand scale

Shriram Automall conducts biggest phygital auction by selling 7,500+ pre-owned vehicles, equipment and other assets

SAMIL showcases next-gen phygital auction tech at Auto Expo

SAMIL enlightened clients, potential customers and visitors about its technology-laden bidding platforms

Mining the Future

With prospects in both surface mining and underground mining, the Indian market for mining equipment appears to have a bright future.

SAMIL sets new benchmark; conducts 100 auctions across 100 locations

The event recorded footfalls of over 15,000 customers.

Companies all over the world are turning to digital integration to increase efficiency in the mining process.

In recent years, mining companies have adopted a growing range of digital solutions. Many have mechanised their operations, moved from the physical to the digital realm by adding equipment sensors.

Shriram Automall, Ashok Leyland ink pact for pre-owned truck biz

Shriram Automall India (SAMIL), a platform for pre-owned vehicles and equipment, has signed an agreement with Ashok Leyland to launch an exclusive platform for pre-owned commercial vehicles.

Counting on diggers

Increasing demand for construction and infrastructure activities is anticipated to augment earthmoving equipment market growth in India over the next few years.

Shriram Automall inks pact with Ashok Leyland for pre-owned truck business

The phygital platform will facilitate an exchange, disposal and purchase of old vehicles.

We expect the demand to grow for hydraulic excavators

Arvind K Garg, Executive Vice-President and Head-Construction & Mining Machinery Business, Larsen & Toubro

Shriram Automall – the Power of Choice for Construction Equipment

Shriram Automall India (SAMIL), an ISO 9001:2015 certified company, is India’s first-ever service provider to offer a well-organised and transparent platform for the exchange of pre-owned vehicles and equipment.

Bounce back

Construction equipment finance has bounced back after the pandemic-forced lull.

Mining reforms have brought the confidence back

Souma Ray, Director, Haulotte India shares his thoughts on the AWP market outlook and the company’s activities.

Mining market scenario

The upcoming mining reforms are expected to drive the demand for advanced mining equipment technologies and solutions.

Reforms will boost recovery

Reports show an impressive recovery for the Indian economy in the July-September quarter (Q2) from the record decline of the first quarter, indicating that the economic activity has been gathering pace. The economy in Q2 however continues to be contracted.

Structural reforms in mining sector to realise its true potential: Pralhad Joshi

The proposed changes in mining sector to increase private sector participation

Mining opportunities and challenges

Ritabrata Ghosh, Associate Head, Corporate Sector Ratings, ICRA writes on the mining scenario in India.

Will Growth Sustain?

This September showed a sequential positive trend in the economy. Analysts say the 8 core sectors improved. Now to sustain that growth.

Crushers & Screens: Gaining Momentum?

The growing aggregate requirements in the infrastructure projects and the improving mineral mining activities in the country demand crushers and screens in large numbers. But with some roadblocks pose as challenges in this positive scenario, can the crusher segment gather momentum

There is a demand surge for crushers in the iron ore segment: Ranjit Ravindran

While the demand for newer machines is not that bullish the existing population of machines is fully optimised to undertake current developmental activities in mining and infrastructure. Ranjit Ravindran, Business Head – Mining, Voltas, shares more on the market dynamics.

Towards better Mining

The measures announced by the government for mining industry are expected to have a positive impact in the coming years.

Ritchie Bros. eases cash flow for equipment owners

Heavy equipment auctioneer Ritchie Bros. is supporting equipment owners through the COVID-19 crisis with flexible disposition options to improve their cash flow, including advance payment options and purchasing seller assets outright. Ritchie Bros.

Ritchie Bros. eases cash flow for equipment owners

Ritchie Bros. is supporting equipment owners through the COVID-19 crisis with flexible disposition options to improve their cash flow

JSPL bags iron ore block in Keonjhar

Jindal Steel and Power (JSPL) has bagged the Guali mine iron ore block in the ongoing auctions in Odisha with reserves of about 200 million tonnes (MT).

Mining Gains

The recent policy initiatives by the Central Government are expected to boost the mining activities in the country, providing new opportunities to private and global miners, and equipment and technology providers.

Selling mining equipment to a global buyer base

With the end of the year approaching, Ritchie Bros. is gearing up for its last Dubai equipment auction of 2019.

Mining Needs a Leg-up

For India to achieve its full potential in the mining sector, policymakers need to give a leg-up in lifting the mining sector on a high growth path. Jayanta Roy elaborates on the mining industry scenario in India.

CRUSHING BARRIERS

Fragmented aggregate mining, as well as issues related to regulations and liquidity, are threatening the growth of the crushing and screening equipment segment in India.

DECHOW auctions off premium accessories

Starting now, the experts at DECHOW Auctions based in Hamburg have been entrusted with the sale of mobile equipment from SHW Casting Technologies GmbH.

Equipment companies exhibiting at bauma CONEXPO INDIA 2018 speak!

We offer much more than just the live auctions

Ritchie Bros is one of the largest equipment platforms worldwide, transacting hundreds of thousands of items each year. Eduard Faig, Regional Sales Manager, Middle East, Africa and Asia Subcontinent, Ritchie Bros elaborates on the company's presence in the global market and its future plans for India.

Looking for a Turnaround

We see double-digit growth for industrial lubricants

With about 200 distributors and extensive logistical reach, GS Caltex India has consolidated its presence in Indian market. Rajesh Nagar, Managing Director & CEO, shares more on the market opportunities for lubricants in Indian construction and mining industry

Privatisation of coal mining

India's coal demand-supply balance still remains tilted in favour of coal imports as the state-run miners, Coal India and the Singareni Collieries Company have been unable to entirely meet India's coal demand, especially for higher grade thermal coal/washed coal and coking coal.

100 per cent FDI in coal mining likely to attract more global investment

According to an ICRA report, opening up commercial coal mining for the private sector and allowing 100 per cent foreign direct investment (FDI) are likely to attract global miners to invest in India.

States to auction 72 mineral blocks by fiscal end

As many as 72 mineral blocks in 12 mineral-rich states are likely to undergo mining activities by end of this financial year. The states of Andhra Pradesh, Chhattisgarh, Gujarat, Jharkhand, Karnataka, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Telangana and Tamil Nadu would put the blocks to auctions.

Sell where people buy

There is a saying in the industry that 'if a machine isn't making money, it is only costing money'. Equipment often needs to be turned into cash first before returns can be used to make other investments.

Mining Equipment Trends

The mining equipment industry (MEI) is heavily dependent on equipment demand from coal and iron ore mining, both being highly equipment intensive, with over 30 per cent.

Lubricants for Mining applications

Equipment working at mining sites need to perform reliably and efficiently, without major breakdown and other issues. Safe and efficient operation is imperative for mining equipment to increase productivity and safety in mining operations. Lubricants play a major role in this by minimising wear and tear of machinery parts and safeguard the equipment in the harshest conditions.

Ritchie Bros. launches IronPlanet in UAE

Heavy equipment auction expert Ritchie Bros. is about to raise its stake in the United Arab Emirates (UAE) with the introduction of its new online-only brand: IronPlanet. Complementing Ritchie Bros.? onsite auctions, IronPlanet is an online-only marketplace, offering new benefits to customers, including selling without transporting items to a centralised location and the ability to sell items for a fixed price, negotiate offers or set a reserve.

Equipment Finance Sets to Outperform

Construction equipment market in India has evolved and become a major one in the global market place. With the evolution of the market, awareness about the various equipment class and their use, and above all, the construction and infrastructure development activities picking up momentum, the equipment finance market has opened up to all equipment categories.

FROM RECOVERY TO GROWTH

The construction market in India is the second largest in Asia-Pacific Countries (APAC) region and is expected to become the fastest growing market in the region by 2025.

Used Equipment Auctions

Over time, the pre-owned construction equipment market has almost become equal to the new equipment one, in terms of volume. However, the age-old pre-owned construction equipment industry in India was highly dominated by conservative and unreliable trade practices till a few years back.

Over $100,000 raised to help Connect Military Veterans with industry jobs

Attendees and exhibitors partnered to raise over $100,000 to help military veterans find quality through multiple charitable events throughout the week.

CONEXPO-CON/AGG 2017

The five-day international exhibition on construction industry held in Las Vegas during March 7-11, 2017 recorded around 128,000 attendees, including around 26,000 international attendees.

Piggybacking earthmovers growth

Transportation of raw and processed materials to the desired location is the next but most essential activity arising out of earthmoving. In the infrastructure space, 5-35 tonne payload capacity tippers and dumpers are extensively utilised for this purpose.

Celebrating 20 Years of Auction in Dubai

Heavy equipment auctioneer Ritchie Bros. celebrated its 20th year anniversary in Dubai during a two-day auction at its site in the Jebel Ali Freezone. The auction featured more than 1,600 equipment items and trucks, including excavators, wheel loaders, dozers, trucks and mobile cranes.

Equipment buyers, whether small or large businesses, are making a bee line for quality and cost-effective equipment

Ritchie Bros is eager to help people in India sell and buy the equipment they need through the efficient and powerful channels we offer. Eduard Faig, Regional Sales Manager - Middle East, Africa and India, Ritchie Brothers, UAE, shares more on the company?s activities and industry focus.

Bauma is an important platform for the industry

Basis various industry reports, In FY16, the disbursement in the construction equipment financing (CEF) industry was Rs 243 billion, down about 5 per cent from Rs 255 billion in FY15. However, In FY17, the CEF industry is expected to have a turnaround and grow about +5 per cent (from -5 per cent in FY 16) and grow about 15 per cent in FY18.

Ritchie Bros. celebrates 20 years of auctions in Dubai

In the past two decades, more than 120,000 items have been sold at Ritchie Bros.? auctions in Dubai. The company will celebrate its 20th anniversary in the UAE with a Dubai auction on December 13 and 14, 2016

Ritchie Bros acquires IronPlanet

Ritchie Bros has acquired IronPlanet, the online used equipment and auction marketplace. Founded in 1999

Ritchie Bros acquires IronPlanet

The leading construction equipment auctioneer, Ritchie Bros has acquired IronPlanet, the online used equipment and auction marketplace. Founded in 1999, the US-based IronPlanet sells machinery primarily through online platforms, with weekly online auctions.

Convert your surplus assets into cash

It takes special expertise to get the best value to owners from the sale of surplus assets. Quippo has designed an auction platform to buy and sell construction and mining equipment, commercial vehicles, industrial assets, plant and machinery, scrap and more, ensuring our customers and clients get the best asset valuation and highest return from auctions.

Govt to auction 42 mine blocks

The government will be auctioning a total of 42 blocks in the second phase of mineral auctions during 2016-17. These blocks have been identified by seven state governments for auction under the Mines & Minerals Development & Regulation (Amendment) Act, 2015.

8 YEARS OF EQUIPMENT INDIA

I am deeply honoured and pleased to inform you that EQUIPMENT INDIA has successfully completed eight years of publication as the only magazine on infrastructure equipment in the country.

Large Miners Forward

While the global mining industry is on the decline, India is witnessing a reverse trend. Many international mining equipment manufacturers are showcasing their products at BAUMA 2016, Germany, in a big way, at a time when Coal India

Coal and iron ore will continue to be the growth drivers for large mining equipment.

Large mining equipment are primarily used with Coal India subsidiaries and some corporate mining companies viz, Vedanta, Reliance etc. A few mine developer-cum-operators (MDOs)

Coal block auctions for captive in Nov

The fourth round of auctions of coal blocks for captive use are set to take place in November. The government is in the process of finalising 8-10 blocks for the unregulated non-power sectors including cement, steel and aluminium

We will be showcasing our own branded rock breaker and trenching bucket

Last few years have been tough on the construction equipment (CE) industry in general. The total industry volume has gone down across segments and has strained many organisations in this space.

Global Meltdown in Mining

Market analysts and mining equipment majors like Caterpillar and JCB predict a meltdown in the global mining sector and have announced plans for downsizing their organisations by cutting up to 10,000 jobs

Iron ore mining to pick up

The Central Government will auction about 20 major iron ore mines this year in its first such sale ever, according to a top government official. The government hopes auctions will help curb wrongdoing

Volvo Trucks Sets New Benchmark

Volvo Trucks, the country?s largest truck manufacturer in premium European segment achieved the landmark of crossing ten thousand truck sales.

Versatility, reliability, durability and unmatched performance excite customer to choose CAT excavators

Traditionally, excavators with operating weight 10 to 24 tonne are classified as medium range and in the last five years, their sales constitute above 70 per cent of the total excavator sales, out of which 20-24 tonne category accounts for approximately 50 per cent and 10-15 tonne is approximately 20 per cent.

Coal output at 700 mt

The country is targeting to produce 700 million tonne of coal in the next fiscal year, according to the Coal Secretary Arun Swarup.

Mining Growth

India is on track to overtake the US as the second-largest coal consumer after China this decade. India wants to more than double coal output to 1.5 billion tonne by 2020. The central government has already taken specific actions including e-auctions of coal blocks; 28 blocks are already allocated and more blocks to be e-auctioned soon.

Diggers to get busier

The numbers published by ICEMA clearly shows that there is a slight uptake on the larger equipment like excavators and wheel loaders. In the smaller equipment like mini excavators, backhoe loaders etc have still to pick up the trend. Elaborating the prevailing scenario and the growth drivers.

Make in India

Prime Minister Narendra Modi has launched an ambitious campaign ?Make in India?, which aims to turn the country into a global manufacturing hub. The campaign projects India as an investment destination and develop, promote and market India as a leading manufacturing destination and as a hub for design and information.

Rural India?s steady contribution is a robust signal of the revival

India remains a focus area for us and systematic investment will be made in future as per the requirements of the market, says Abhijit Gupta, Managing Director, Case New Holland Construction Equipment (India).

Ritchie Bros? online marketplace

Ritchie Bros has launched the first phase of its new online used equipment market place, EquipmentOne. The offering, which uses an e-commerce platform developed by AssetNation, the online business acquired by Ritchie Bros last year, will help the company reach customers who do not want to sell equipment through unreserved auctions. XCMG mfg unit in Brazi The opening ceremony of the XCMG Brazil manufacturing base was held in Pouso Alegre, Minas Gerais in December 2012.

$3.9 bn worth sales for Ritchie Bros in 2012

Auctioneer Ritchie Bros said it sold $3.9 billion worth of equipment this year during 328 auctions around the world, a five per cent increase in sales compared to 2011. The company said auction proceeds for 2012 were the highest in its history, with $1 billion in auction sales recorded in the fourth quarter alone. Sales to online bidders also represented a larger slice of the total; Ritchie Bros sold $1.3 billion of equipment to online bidders this year, up 18 per cent year-on-year and the highe

Ritchie plans first China auction

Ritchie Bros Auctioneers, announced that it will be holding its first unreserved public auction in China during Spring 2013. Although relatively new to the Chinese heavy equipment market, unreserved industrial auctions have been a quick and easy method for equipment buyers and sellers to conduct business on a global scale. And for more than 50 years now, the Canada-based company has been helping the world?s builders to easily and confidently exchange equipment at its auction sites all over the w

Record sales for Ritchie Bros

Ritchie Bros Auctioneers sold approximately $3.9 billion of equipment at 328 unreserved auctions globally in 2012. The $3.9 billion represents a 5-per cent increase in gross auction proceeds over 2011, and the highest gross auction proceeds in company history.

Repositioning Eqpt Renting to a Holistic Solution in India

Quippo Construction Equipment is one of the largest equipment service providers with a pan India presence operating out of 35 locations across the country.

Equipment Rental: Rentals Moving Up

Out of $ 2.3 billion construction equipment sold in India, just seven per cent is sold to rental companies, which is low compared to the global average of 50 per cent; in China, it is approximately 35 per cent, in USA 65 per cent and in Japan, it is 80 per cent.

Gateway to global market

Ritchie Bros sells more than 2,300 construction equipment at an auction held in Dubai recently.

Mobile Cranes: Towards Sustainable Growth

The growth potential for lifting, loading and handling solutions is huge and continuously increasing, as India propels itself for a sustainable nine per cent plus per annum economic growth.