Chiyoda wins RI order

Chiyoda wins RI order

TOKYO (AFP): Japan's Chiyoda Corp. said yesterday it had
received a US$400 million-$500 million order from PT Smelting Co.
to design and build a copper refinery in Indonesia.

The major Japanese plant engineering firm said the
construction of the refinery, with annual capacity of 200,000
tons, was scheduled to be completed by late 1998.

Smelting Co. is a joint venture between Mitsubishi Materials
Corp. and PT Freeport Indonesia, set up in February 1996. The
venture, capitalized at $87.5 million, is 75 percent owned by
Mitsubishi Materials and the remaining 25 percent by Freeport
Indonesia.