Mining News Pro - Back in late December 2019, two giants in Asian contract mining joined forces for their mutual benefit. Indonesia’s PT Darma Henwa Tbk (DEWA) agreed on a joint venture company establishment and consultancy cooperation with Indian mining services company Thriveni Resomin Pte Ltd. The agreement was signed by President Director of Darma Henwa Saptari Hoedaja and Managing Director of Thriveni Earthmovers Pvt Ltd, Balasubramanian Prabhakaran.
According to Mining News Pro -The joint venture agreement stated that Darma Henwa along with
Thriveni would establish a joint venture subsidiary which engages in
heavy equipment provision, heavy equipment maintenance, and other
services. The subsidiary will also open an engineering excellence centre
in Bengalon, East Kalimantan.
Meanwhile in the mining services consultancy agreement, Thriveni will
provide consulting services to Darma Henwa, to improve operational
efficiencies, control and efficiency of cost, increase in production
volumes as well as overall management and financial prudence. This is
expected to be able to improve Darma Henwa’s performance and
productivity in the existing coal projects and mineral mining projects
that the company will obtain in the future.
“This agreement was carried out as an effort by Darma Henwa to expand
its business to maintenance, servicing, and engineering of heavy
earthmoving equipment and mining machinery, also to increase performance
and productivity in coal and non-coal projects” said Corporate
Secretary of Darma Henwa, Mukson Arif Rosyidi.
Thriveni Group is a major mining contractor in India that has been
operating for more than 25 years. The company has expertise in the
business of maintenance, servicing, refurbishment, rebuilding,
re-engineering, re-hauling, and re-deploying heavy mining equipment and
machinery.
Roysyidi explained a number of potential benefits from the
cooperation between Darma Henwa and Thriveni. First,it will create
prospective business expansion opportunities for the provision and
maintenance of heavy equipment that can support Darma Henwa’s activities
as a provider of general mining contracting services. Second, there
will be a new added value in terms of machine maintenance that is more
efficient and effective. Third, there will be a positive synergy along
with Thriveni which will serve to further increase the competence of
Indonesia’s mining service provider industry.