South China Mining Post: #Indonesia’s plans with #China’s #Tsingshan face pressure to uphold green standards
A new industrial estate for metal smelting that Indonesia plans to build with China’s steel and nickel giant Tsingshan Holding Group in Borneo will provide the country with much-needed investment to develop its electric vehicles (EV) battery industry, but environmentalists warned that the project needs to be managed carefully so as not to devastate the surrounding area and its communities.
Luhut Pandjaitan, Indonesia’s coordinating minister for maritime affairs and investment, said last week that Southeast Asia’s biggest economy was in talks with Tsingshan and Australia’s Fortescue Metals Group to build a new industrial estate to host smelters for iron ore, nickel ore and copper – minerals critical to serving global demand for new technologies.
The smelters would be near an 11,000 megawatt-hydropower plant in North Kalimantan province, which is currently being built by Power Construction Corp of China (PowerChina) and Indonesia’s Kayan Hydro Energy. The first phase of the hydropower plant project is expected to be completed by 2025.
Read more at: https://www.scmp.com/week-asia/economics/article/3128294/indonesias-plans-chinas-tsingshan-face-pressure-uphold-green
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