Malaysia gains as Indonesian miners go overseas after ban
Malaysia is emerging as an unexpected beneficiary of Indonesia’s ban on ore exports as mining companies from its larger Southeast Asian neighbour pump cash into local bauxite deposits to meet demand from China.
At least five Indonesian miners invested in Malaysia by the end of last year, teaming up with partners to extract the ore and ship it to China, according to Erry Sofyan, chairman of the Association of Indonesia Bauxite and Iron Ore Producers. More companies may follow, Sofyan said in an interview in Jakarta.
At least five Indonesian miners invested in Malaysia by the end of last year, teaming up with partners to extract the ore and ship it to China, according to Erry Sofyan, chairman of the Association of Indonesia Bauxite and Iron Ore Producers. More companies may follow, Sofyan said in an interview in Jakarta.
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