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Islands in focus: Papua continues to woo smelter investors
Papua is continuing its efforts to persuade investors to build a smelter in the province to process concentrate from PT Freeport Indonesia, which mines gold and copper in Tembagapura, Mimika, Papua
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apua is continuing its efforts to persuade investors to build a smelter in the province to process concentrate from PT Freeport Indonesia, which mines gold and copper in Tembagapura, Mimika, Papua.
'Papua is still looking for investors who are interested, and has provided land for the purpose,' said Papua Mining Office head Bangun Manurung in Jayapura on Wednesday.
He said the provincial administration had provided 142 hectares of land at Poumako Port in Mimika regency.
The smelter, with a capacity to process 900,00 tons of concentrate annually, would cost in the region of US$1 billion and be expected to start operating by 2020.
Two investors have expressed an interest in building the smelter and have conducted talks with the Papua provincial administration. They are NFC and Felix Gold Corporation, both from China.
