Chinese
representatives on Monday signed an agreement with Indonesian officials to
invest US$6 billion in a nickel smelter in Southeast Sulawesi.
Jilin
provincial government’s Jilin Horoc Nonferrous Metal Group Co Ltd will develop
the nickel smelting industry in Bombana and North Konawe regencies of Southeast
Sulawesi and work with local firm Billy Indonesia with operations starting next
year.
“First of
all, mining materials should be processed domestically — no more raw material
exports. Secondly, there will be job creation for thousands of people,”
Coordinating Economic Minister Hatta Rajasa said after witnessing the agreement
by representatives and officials of the related firms, regencies and provinces.
Hatta and
Investment Coordinating Board (BKPM) chairman Gita Wirjawan said they expected
the project to have a multiplier effect on the regencies’ economies and create
jobs for local residents.
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