Thu, 30 Dec 2010

Jakarta (ANTARA News) - Investments in the mineral and coal mining sector in 2010 reached US$2.282 billion, according to the ministry of energy and mineral resources.

The ministry`s director general of minerals and coal, Bambang Setiawan, said here on Wednesday the realization was above the target set at US$2.119 billion."General mining investments show a good performance," he said.

He said the realization of minerals and coal investments until November 2010 was recorded reaching US$1.865 billion.

It came from working contract investments totaling US$1.07 billion, coal mining working agreement-based investments (PKP2B) US$0.756 billion, mining authorities including state-owned companies such as PT Timah Tbk., PT Antan Tbk., and PT Bukit Asam Tbk., US$0.038 billion.

Until the end of December 2010, investments rose to US$2.282 billion.
It consists of investments from working contracts US$1.479 billion, PKP2B US$0.764 billion and from state-owned companies US$0.038 billion.

Including investments in mining service business reaching US$904.82 million in 2010, total investments in the sector would reach US$3.186 billion.

Bambang said the total investments did not as yet include those for mining activities whose licenses are produced by regional governments in various regions.(*)