Indonesia Eyes 11 Bln U.S.D in Mining Investment
Indonesia eyes 11 bln U.S.D in mining investment
JAKARTA, Oct. 29 (Xinhua) — Indonesia is expecting to lure investment in the mining sector to as much as 11 billion U.S. dollars in 2008 after the bill on mining industry is passed, an executive said Monday.
The target is very much beyond the estimated realization of 1.5billion dollars this year and 900 million in 2006.
The mining sector is getting increasingly attractive for investors because of soaring demand for mining products and globalprice rises, said Priyo Abadi Soemarno, executive director of the Indonesia Mining Association.
The potential major investors include Rio Tinto (2 billion dollars) and local mining firm Aneka Tambang (4 billion), Priyo was quoted by leading news website Detikcom as saying.
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