Chinese company may invest in Papua

JAKARTA: The National Development Planning Agency (Bappenas) says it had met with Chinese-owned Metal China Corporation (MCC) to discuss investments in mining in Papua.

“They are aggressively investing in the mining sector for nickel and iron” to support Chinese growth, Bappenas first secretary Syahrial Loetan said on Saturday as quoted by kontan.co.id business news portal.

MCC’s investment plan would be firmed up in 2012, he said.

“The company will invest up to a billion dollars,” Syahrial said.

MCC was not only investing in Indonesia for its own benefit, he said, adding that “the investment would also benefit
Indonesia.” — JP