Sign up | Log in



Home  >>  Daily News  >>  Indonesia News  >> Investment  >>  Indonesia: Mining sector to receive $2.5b in investment in 2010

6 January 2010
Related Stories

December 28, 2009
Indonesia eyes $3.57bn in mining, geothermal investment

December 24, 2009
Indonesia: Foreign businesses demand transparency in Century inquiry

December 16, 2009
Indonesian president in Germany, meeting local businesses

Indonesia: Mining sector to receive $2.5b in investment in 2010

Indonesian government plans to invest US$2.5 billion in the mining sector, the Jakarta Post quoted an official as saying Tuesday.

Bambang Setiawan, the director general of mineral resources, coal and geothermal mining at the Energy and Mineral Resources Ministry, told Antara the government had increased its investment target from $1.8 billion in 2009 due to the improving global economy.

He said investments this year would come from workholder contracts worth $1.2 billion, coal production contracts worth $860 million, mining concessions from state and regional enterprises   worth $43.53 million, and geothermal concessions worth $382.5 million.

Investments in mining and geothermal are expected to reach $3.077 billion in 2011, $5.008 billion in 2012, $4.68 billion in 2013 and $7.468 billion in 2014.

Bambang said the government expected coal production to reach 250 million tons this year, 175 tons of it destined for export. Copper production is expected to reach 1.017 million tons in 2010, gold 115,998 kilograms, silver 261,897 kilograms, tin 105,000 tons and nickel 77,700 tons.


Comment on this Article. Send them to
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand