Fri, 26 Jun 2009
Consulting engineering company SRK Consulting has opened new offices in Asia to cope with the growing demand for its services in the region.

The company says that increasing opportunities in China have “convinced it” to open a second office in Nanchang, in Jiangxi province, to complement the company’s existing Beijing branch, which was opened in 2005.

SRK China MD Dr Yonglian Sun reports that SRK has identified a need to extend its capabilities within the mine design and opera- tions areas to meet the demand for services requested by Chinese entities.

“Jiangxi is a major mining province and has one of China’s three best mining design institutes, the Nanchang Engineering and Research Institute of Nonferrous Metals,” Sun says. “SRK’s intention is to develop close coopera- tion with the design institutes for projects that need to be signed off by certified Chinese institutes.”

The Beijing office, which has grown to more than 30 staff members, will continue to provide geological, engineering and environmental consulting services to the mining industry throughout China.

Sun reports that, despite the new office’s infancy, it has been busy. “The company has signed several projects since April 1, and it is expected that the business will increase quickly. There is a large presence of Chinese State-owned companies in overseas markets and SRK has noticed an increasing trend for SRK China to provide services in the due diligence, feasibility study and mine design areas for these companies.”

SRK has also opened an office in Indonesia.

The new office in Jakarta is aimed at cementing a stronger foothold on the expanding Indonesian mining market.

The office expands existing ties to the region, established through a number of significant projects that SRK has worked on over many years. According to SRK’s Indonesia manager, Budi Santoso, the new team based in Jakarta will enhance the range of services provided. “Previously, SRK was able to manage services from other global and regional offices. However, a much wider market can be accessed from an Indonesian office, where services such as exploration can be included in the broader service offering.”

He adds that a more stable political and regulatory environment in Indonesia is giving companies looking to explore in the country greater confidence.

“The Indonesian government has promul- gated a new mining law which will bring certainty to the mining business. The law has been anticipated for ten years and plans are still being made regarding its implementation,” Santoso says.

He reports that the mining business community has increased confidence that the expected implementation of the legislation will be finalised this year. The government also still honours the ongoing permits and contracts until they expire.

Some six consultants and four staff members are expected to work from the Indonesian office initially, with management support coming from SRK’s Australian practice. The main aims for the first year, according to Santoso, will be to raise awareness of the new Jakarta office and to bed down current business opportunities.

He expects business to come from exploration and Joint Ore Reserves Committee-compliant report preparation, mining services, and merger-and-acquisition due diligence work.

Santoso says the Indonesian office has made a promising start.

“The office has secured two major exploration projects, one for coal and one for grassroots base and precious metals properties for local Jakarta clients, and is continuing to work with Indonesian clients previously secured from our Brisbane office in Australia.”

Edited by: Martin Zhuwakinyu



News Search/Filter
Transaction Rates
18 Jul 18
Buy
Sell
AED1
3,883.40
3,883.40
AFN1
196.20
196.20
ALL1
132.32
132.32
AMD1
29.74
29.74
ANG1
7,734.51
7,734.51
AOA1
56.25
56.25
ARS1
518.39
518.39
AUD1
10,523.80
10,523.80
AWG1
7,972.29
7,972.29
AZN1
8,378.53
8,378.53
BAM1
8,549.53
8,549.53
BBD1
7,132.22
7,132.22
BDT1
168.87
168.87
BGN1
8,498.33
8,498.33
BHD1
37,675.75
37,675.75
BIF1
8.05
8.05
BMD1
14,264.45
14,264.45
BND1
10,471.57
10,471.57
BOB1
2,065.19
2,065.19
BRL1
3,717.11
3,717.11
BSD1
14,264.45
14,264.45
BTC1
105,508,732
105,508,732
BTN1
208.51
208.51
BWP1
1,394.29
1,394.29
BYN1
7,207.04
7,207.04
BZD1
7,099.72
7,099.72
CAD1
10,803.31
10,803.31
CDF1
8.84
8.84
CHF1
14,257.55
14,257.55
CLF1
599,346.91
599,346.91
CLP1
21.81
21.81
CNH1
2,119.70
2,119.70
CNY1
2,126.61
2,126.61
COP1
4.93
4.93
CRC1
25.17
25.17
CUC1
14,264.45
14,264.45
CUP1
559.39
559.39
CVE1
150.35
150.35
CZK1
642.72
642.72
DJF1
80.13
80.13
DKK1
2,230.05
2,230.05
DOP1
287.05
287.05
DZD1
121.09
121.09
EGP1
796.89
796.89
ERN1
950.32
950.32
ETB1
516.40
516.40
EUR1
16,622.72
16,622.72
FJD1
6,768.43
6,768.43
FKP1
18,693.19
18,693.19
GBP1
18,693.19
18,693.19
GEL1
5,824.26
5,824.26
GGP1
18,693.19
18,693.19
GHS1
2,978.76
2,978.76
GIP1
18,693.19
18,693.19
GMD1
298.10
298.10
GNF1
1.58
1.58
GTQ1
1,904.61
1,904.61
GYD1
68.20
68.20
HKD1
1,817.39
1,817.39
HNL1
593.83
593.83
HRK1
2,249.63
2,249.63
HTG1
211.46
211.46
HUF1
51.38
51.38
IDR1
1.00
1.00
ILS1
3,926.12
3,926.12
IMP1
18,693.19
18,693.19
INR1
208.64
208.64
IQD1
11.97
11.97
IRR1
0.32
0.32
ISK1
133.64
133.64
JEP1
18,693.19
18,693.19
JMD1
108.99
108.99
JOD1
20,104.85
20,104.85
JPY1
126.20
126.20
KES1
142.08
142.08
KGS1
209.12
209.12
KHR1
3.51
3.51
KMF1
33.78
33.78
KPW1
15.84
15.84
KRW1
12.66
12.66
KWD1
47,117.22
47,117.22
KYD1
17,125.63
17,125.63
KZT1
41.52
41.52
LAK1
1.69
1.69
LBP1
9.43
9.43
LKR1
89.21
89.21
LRD1
88.24
88.24
LSL1
1,075.05
1,075.05
LYD1
10,387.75
10,387.75
MAD1
1,505.03
1,505.03
MDL1
855.64
855.64
MGA1
4.24
4.24
MKD1
270.04
270.04
MMK1
9.96
9.96
MNT1
5.84
5.84
MOP1
1,765.22
1,765.22
MRO1
40.12
40.12
MRU1
397.78
397.78
MUR1
414.72
414.72
MVR1
925.65
925.65
MWK1
19.63
19.63
MXN1
755.02
755.02
MYR1
3,526.60
3,526.60
MZN1
241.60
241.60
NAD1
1,075.05
1,075.05
NGN1
39.51
39.51
NIO1
449.42
449.42
NOK1
1,748.99
1,748.99
NPR1
130.31
130.31
NZD1
9,658.53
9,658.53
OMR1
37,052.07
37,052.07
PAB1
14,264.45
14,264.45
PEN1
4,363.95
4,363.95
PGK1
4,336.64
4,336.64
PHP1
266.90
266.90
PKR1
111.99
111.99
PLN1
3,869.35
3,869.35
PYG1
2.49
2.49
QAR1
3,917.73
3,917.73
RON1
3,574.16
3,574.16
RSD1
140.92
140.92
RUB1
227.67
227.67
RWF1
16.42
16.42
SAR1
3,803.55
3,803.55
SBD1
1,811.69
1,811.69
SCR1
1,053.50
1,053.50
SDG1
792.73
792.73
SEK1
1,612.99
1,612.99
SGD1
10,444.57
10,444.57
SHP1
18,693.19
18,693.19
SLL1
2.26
2.26
SOS1
24.62
24.62
SRD1
1,912.63
1,912.63
SSP1
109.50
109.50
STD1
0.67
0.67
STN1
678.45
678.45
SVC1
1,631.02
1,631.02
SYP1
27.69
27.69
SZL1
1,074.76
1,074.76
THB1
427.97
427.97
TJS1
1,514.89
1,514.89
TMT1
4,061.64
4,061.64
TND1
5,398.08
5,398.08
TOP1
6,169.91
6,169.91
TRY1
2,969.43
2,969.43
TTD1
2,117.24
2,117.24
TWD1
467.68
467.68
TZS1
6.25
6.25
UAH1
543.82
543.82
UGX1
3.83
3.83
USD1
14,264.45
14,264.45
UYU1
455.77
455.77
UZS1
1.82
1.82
VEF1
0.17
0.17
VND1
0.62
0.62
VUV1
130.54
130.54
WST1
5,509.14
5,509.14
XAF1
25.34
25.34
XAG1
222,189.94
222,189.94
XAU1
17,505,837.44
17,505,837.44
XCD1
5,278.14
5,278.14
XDR1
20,068.39
20,068.39
XOF1
25.34
25.34
XPD1
13,087,137.67
13,087,137.67
XPF1
139.29
139.29
XPT1
11,661,113.08
11,661,113.08
YER1
56.97
56.97
ZAR1
1,073.79
1,073.79
ZMW1
1,423.45
1,423.45
ZWL1
44.25
44.25
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services