Indonesia Today
Five Investors considering investment in Alumina Business in Indonesia
Edited by : AL CIRCLE
1 min read
Some 3-5 foreign investors are now studying to invest in alumina business in Indonesia with total investment expected to reach US$10 billion, equivalent Rp96 trillion, Investor Daily reported this morning.
Panggah Susanto, general director of manufacture-based industry at the Industry Ministry, said that potential investors, including an investor from Dubai, are now conducting a detail study and approaching the existing holders of the mining licenses for building a partnership.
He said the investment focusing on mining will be made in Kalimantan as the basis of mining resources.
Currently four companies had invested in mining and metal downstream. They are PT Krakatau Posco, PT Indonesia Chemical Alumina, PT Ferronikel Halmahera Timur and PT Batulicin Steel.
Panggah Susanto, general director of manufacture-based industry at the Industry Ministry, said that potential investors, including an investor from Dubai, are now conducting a detail study and approaching the existing holders of the mining licenses for building a partnership.
He said the investment focusing on mining will be made in Kalimantan as the basis of mining resources.
Currently four companies had invested in mining and metal downstream. They are PT Krakatau Posco, PT Indonesia Chemical Alumina, PT Ferronikel Halmahera Timur and PT Batulicin Steel.
Previous article
Gas deal flagged to keep Gove refinery working
Next articleNo retrenchment in Vedanta Lanjigarh refinery yet
Grow with
AL Circle
