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32 Smelters Worth US$20bn Operate in Indonesia

TEMPO.COJakarta – As many as 32 mineral processing and refining corporations operated in Indonesia between 2012 and 2016 with a total investment of USD20 billion, said Jonathan Handoyo, deputy chairman of Processing and Smelting Companies Association (AP3I).

“From 2012 to 2017, as many as 32 new smelters were built. The investment value was 20 billion US dollars,” Jonathan told Tempo on Thursday in Jakarta.

According to him, the majority of the investors Chinese firms holders of industrial permits (IUI) issued by the Investment Coordinating Board (BKPM).

The 32 companies are engaged in processing activities of a wide range of minerals, such as nickel, alumina, iron, zircon, silica and chopper. They operate in various regions in Indonesia, such as Ketapang, Banten, Gresik, Konawe, Morowali and Obi Island.

Jonathan said that he had no knowledge on possible new investments in 2017. “We shall wait the government’s decision,” Jonathan said, as quoted by the news agency Antara.

ANTARA