[lbo-talk] Slow passage of Indonesia mine law hits investment

uvj at vsnl.com uvj at vsnl.com
Mon Nov 5 11:26:42 PST 2007


Reuters.com

Slow passage of Indonesia mine law hits investment http://www.reuters.com/article/reutersEdge/idUSJAK5677520071102?sp=true

Fri Nov 2, 2007

By Fitri Wulandari and Mita Valina Liem - Analysis

JAKARTA, Nov x (Reuters) - As Indonesia's new mining law slowly crawls through Parliament, some $11 billion in potential investment in new mining projects is being put on hold.

Indonesia has some of the world's largest deposits of coal, copper, tin, nickel and gold, and is keen to earn more from the sector, particularly as strong demand from China and India is driving prices for many commodities to record levels. http://www.reuters.com/article/reutersEdge/idUSJAK5677520071102?sp=true



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