Posted inIndonesia

China solves Freeport’s $3 billion problem in Indonesia

JAKARTA – The long drawn-out saga of mining giant Freeport Indonesia’s (PTFI) proposed new copper smelter has taken a new turn with China’s Tsingshan Steel agreeing to build the US$1.8 billion facility at its Weda Bay nickel processing complex in Halmahera, eastern Indonesia. Maritime Affairs and Investment Coordinating Minister Luhut Panjaitan disclosed in an interview […]