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Indonesia says China ponders investment in mining |
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| INDONESIA: April 24, 2002 | ||
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JAKARTA - A delegation from China's metal industry is in Indonesia looking at investment possibilities in the mining sector, a senior mines and energy official said yesterday.
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The delegation, from various Chinese companies, met government officials earlier in the day and will soon visit state-owned nickel and gold miner PT Aneka Tambang , Mahyudin Lubis, director of mineral and coal enterprises, told reporters. "We discussed possible investment opportunities in the mining sector in Indonesia with a delegation from Chinese non-ferrous metal firms," he said. Lubis said the government would also inform the Chinese delegation of current mining and other regulations, in particular relevant forestry legislation. Cash-strapped Indonesia is desperate to attract funds after four years of crisis but has had troubled relations with many companies that complain of legal uncertainty. "We will not hide the problems of the forestry law issue. We will inform the Chinese delegation. We will solve that," Lubis said. A recently-passed law bans open-pit mining, deeming it a danger to forests which the statute defines in a way that would apply it to virtually all existing and proposed open-pit operations.
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REUTERS NEWS SERVICE
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