JAKARTA (The Jakarta Post): State miner PT Aneka Tambang has asked the government to award a contract of work (CoW) for its US$1 billion ferro-nickel project in Buli, North Maluku, a top executive says.
The project, jointly developed with the world's largest mining company, BHP Billiton, currently holds only a mining authority license, which is under the supervision of the local government.
"We want to create greater certainty for this big investment, that's why we are proposing a new CoW," president director Dedi Aditya Sumanagara said Tuesday, after the signing of a commitment with Buli regent.
The commitment is to ensure the firm's mining authority in the North Maluku area will not be given to other investors during the process of seeking a CoW. The project is designed to produce 60,000 tons of ferro-nickel.
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