Thu, 30 Dec 2010


VIVAnews - Total investment in mineral and coal in 2010 reached US$3.18 billion which exceeds the target set in the strategic plan that the Energy and Mineral Resources Ministry prepared at US$2.12 billion.

Director General of Mineral and Coal at the Ministry of Energy and Mineral Resources, Bambang Setiawan, said the amount includes overall target acquired from a handful of sources such as production sharing contractors and state-owned enterprises focusing on mining.

"Up to the end of December 2010, production sharing contractors invested US$1.47 billion," Bambang told VIVAnews in Jakarta today, Dec 29.

According to Bambang, the investment in mineral and coal sectors worth US$1.86 billion.