Makassar, South Sulawesi (ANTARA News) - China`s Tianjin Material & Equipment Group Corporation will invest Rp90 billion (US$ 10 million) in the metal mining sector in Tanatoraja and Luwu districts, South Sulawesi, its official said.
The Chinese industrial business group will exploit ore, copper and tin deposits in two districts early this year in cooperation with local firm PT Sangkaropi, the Chinese company`s general manager for imports and exports Wang Gang said here Tuesday.
South Sulawesi Governor Amin Syam, responding to the Chinese company`s investment plan pledged that his administration would speed up the process of issuing an environmental impact analysis permit and an investment recommendation to the company in a bid to create job opportunities for local people.
Wang, in return, expressed hope that the local administration would provide the China`s third largest industrial company with reliable infrastructure.
The governor asked the Chinese investor to eye potential natural resources not only in Tanatoraja and Luwu districts but also in Enrekang district which has abundant ore, copper and tin deposits.
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