RI investors encouraged to do mining in Australia<\/p>\n
JAKARTA (JP): Australia is inviting Indonesian investors to do
\nbusiness in Australia's mining sector, while offering its
\ntechnology to Indonesia's mining industry to help meet the
\nrapidly increasing mining demands in the Asia-Pacific region.<\/p>\n
\"Indonesia and Australia are both well endowed with rich
\nnatural and human resources. And our stronger cooperation in the
\nmining sector will maintain our position as the largest exporters
\nof mining products in the region,\" visiting Australian Minister
\nfor Resources David Beddall told reporters here yesterday, a few
\nhours before ending his four-day visit in Indonesia.<\/p>\n
He said that even though the mining industry is a dominant
\nsector in Australia, the country continues to need more capital
\nfor its development.<\/p>\n
\"There are a lot of opportunities for Indonesian companies to
\ninvest in the Australian mining sector,\" Beddall said.<\/p>\n
He said that during a luncheon talk with the Indonesian Mining
\nAssociation's executives here yesterday he had urged the group's
\nmembers to expand mining operations in Australia to excavate
\nmineral resources in isolated areas.<\/p>\n
In return, Beddall said Australia will offer Indonesia its
\nsophisticated technology for exploration and mining as well as
\nits expertise in environmental management and mine
\nrehabilitation.<\/p>\n
He acknowledged that the two countries are competitors in
\nexport markets for some resource commodities, particularly
\nliquefied natural gas (LNG) and coal.<\/p>\n
Indonesia is the world's largest exporter of LNG, while
\nAustralia is the largest coal exporter.<\/p>\n
But stronger cooperation in the mining industry will make
\nIndonesia and Australia more dominant in supplying mining
\nproducts for the region and the world market, said Beddall.<\/p>\n
\"It is the fact that the market is growing so rapidly in South
\nEast and North Asia,\" he said.<\/p>\n
Australia, whose mineral and energy resources contributed
\naround 30 percent to its total commodity exports last year, is
\nthe largest exporter of alumina, black coal, diamond and mineral
\nsands in the world.<\/p>\n
Beddall noted that Australia has already supplied equipment
\nand services worth more than US$70 million for exploration,
\nengineering, construction and mining activities in Indonesia.<\/p>\n
The Investment Coordinating Board (BKPM) reported that
\nAustralia's investment during the period of 1967 through Oct. 15
\nthis year reached US$2.01 billion. (fhp)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/ri-investors-encouraged-to-do-mining-in-australia-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}