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Wednesday, July 18, 2007

Indonesia`s MLC to invest US$15 bln in metals venture

Jakarta (ANTARA News/Asia Pulse) - PT Merukh Lembata Copper (MLC) says it will spend around US$15 billion to exploit gold, copper and silver deposits in the regency of Lembata, East Nusatenggara.

"MLC will cooperate with German firms Kufer Produkte GmbH, Nortddeutche Affinerie AG and IKB Deutche Indutroebank AG - which will act as the financier," company President Jusuf Merukh told the newspaper Investor Daily.

Merukh said the project will start next year after the completion of a feasibility study.

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