An Indonesian smelter. More to come?
Many mining companies in Indonesia have warned that a ban on the export of some unprocessed mineral ores, brought into force this month, will deter foreign investment in the sector.
But Mahendra Siregar, the ambitious technocrat who heads Indonesia’s investment co-ordinating board (BKPM), believes that investment will in fact be boosted by the new rule as three metal smelters come on stream this year and 25 more are built over the next three years.
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