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View all search resultsIndonesian and Chinese companies have signed a US$695 million contract to construct the Mempawah alumina refinery in West Kalimantan, as Indonesia moves to add value to its mineral products and create a domestic mining industry value chain.
Budi Gunadi and Tiko are known to be closely connected with outgoing SOE minister Rini Soemarno, who defied Jokowi’s instruction not to shuffle state firms’ management at the end of his first term.
Stakeholders in the mining industry, notably the government, need to discuss a long-term strategy for mineral resources, as the current export-oriented policy could threaten the country’s energy security in the future, a mining executive has said.
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