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Wednesday, September 26, 2007

Seven countries to invest in South Kalimantan

Banjarmasin, South Kalimantan (ANTARA News) - At least nine investors from seven countries have expressed readiness to invest US$7,247,000 in various sectors in South Kalimantan, local Regional Investment Coordinating Board (BKPMD) spokesman Thalib said here on Wednesday.

He pointed out the investors, expected to absorb at least 515 local workers, are from Malaysia, Singapore, South Korea, Australia, South Africa, the Netherlands, and Qatar.

Thalib said conducive security and political climate at home had made it possible for so many countries to invest in South Kalimantan province which is rich in its natural resources.

"Regional security situation at present is the most important factor for the foreign investors to invest in the province," Thalib said.

Of nine companies which had obtained foreign investment approvals (SP-PMA), six are active in mining and export businesses.

The six companies are PT Balangan Energy and Environ Mental Resources of Australia in Balangan district, PT Coal Trans Jaya of South Korea in Banjar Baru town, PT Gunung Harang Trading of Malaysia in Kotabaru district, PT Chindoz Berkat Mineral Technologies of Singapore in Tanah Laut district, PT IOL Indonesia of the Netherlands in Banjarbaru town, and PT Midline Mineral and Energy Resources of Qatar in Banjarbaru town.

Three other companies are PT Borneo Adventure Cruises of South Africa, PT Agro Harapan Lestari of Malaysia, and PT Illuva Mining Technology of Singapore.

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