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While foreign miners already operating in Indonesia are lamenting the mineral export ban scheduled for next year, Glencore Xstrata, one of the world’s biggest diversified natural resource companies, but which has no physical assets in the country, is looking to steal the show.

Industry Minister MS Hidayat told reporters on Tuesday that Ivan Glasenberg, the chief executive of the Swiss-based company, has expressed interest in investing in a mineral processing facility in the eastern part of Indonesia. Hidayat and Glasenberg held a meeting at the ministry’s headquarters in Jakarta on Tuesday.

Read more at: http://www.thejakartaglobe.com/business/glencore-xstrata-plans-value-adding-local-entry/