#Indonesia’s #Medco to invest $500 mln to build #Copper smelter after #Newmont deal

#Indonesian oil and gas producer PT Medco Energi Internasional Tbk plans to invest $500 million to build a #Copper smelter following its deal to buy control of #Newmont Nusa Tenggara (NNT), its president commissioner told #Reuters.

The smelter, which will have an annual capacity of 500,000 tonnes, is expected to start operations in 2021.

Read more at: http://www.reuters.com/article/medco-energi-newmont-mining-idUSL3N1B021M

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s