Posted inAT FinanceChinaIndonesiaJapanNortheast AsiaSouth AsiaSouth KoreaWorld

High risks, low returns on state-mandated investments

PT Amann Mineral, an Indonesian consortium which bought US-owned Newmont Mining’s Batu Hijau mine last year with the backing of local banks, does not have the same government mandated divestment problem of its foreign mining company counterparts. But the local company, too, must spend US$650 million on a smelter and another $2.2 billion on a […]