Rusal and Norilsk Nickel plan to build smelters in Indonesia

Posted on February 26, 2014 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Singapore 26/02/2014 – Russian metal producers UC Rusal and Norilsk Nickel plan to invest up to $US6 billion in Indonesia’s mining sector this year despite concerns emanating from the recent mineral export ban that has worried foreign investors.

“The commitments were delivered in a meeting between President Susilo Bambang Yudhoyono and CEOs of the two Russian companies on the sidelines of the Asia-Pacific Economic Cooperation summit in Russia last week,” Industry Minister M.S. Hidayat said, according to reports by a local media.

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