The Jakarta Globe reported that local miner Indopura Resources joined forces with Chinese miner Hainan Joint Enterprise Business Service to build a bauxite smelter at a cost of about USD 700 million.
The funding for the smelter will be supported by China Construction Bank International.The two companies signed a cooperation agreement in Batam.
M Arief Winata MD of Indopura Resources said that"This cooperation agreement will add value to Indonesian bauxite.Indopura has putting together plans for the smelter and creating construction designs which are expected to completed next year.The construction is expected to start in 2014."
Mr Arief said that the ore bauxite will be from Ketapang,West Kalimantan from a 27,000 hectare mining area owned by local miner Laman Mining.We need 5,000 workers and needs land space of 160 to 170 hectares for the construction of the plant."
