RI, S.Korea sign MOU on mining

RI, S.Korea sign MOU on mining

The Directorate General of Geology and Mineral
Resources has signed a memorandum of understanding (MOU) with
South Korea's information center Korean Resources (KORES) to
cooperate in developing Indonesia's energy and mineral resources.

The directorate general said in a statement on Tuesday that
under the agreement, KORES, which specializes in providing
information on resources, would spread information on Indonesia's
energy and mineral potentials, particularly coal resources, among
South Korean investors.

The agreement was important in light of the fact that the
interest of investors in Indonesia's mineral and coal resources
had been decreasing over the past four years, he said.

The MOU was signed during the directorate's director general
Wimpy S. Tjetjep's visit to Korea from June 5 to 8.

During the visit, the director general also signed a MOU with
the Korean Institute of Geoscience and Mineral Resources in
Deajeon to cooperate in making an inventory of Indonesian mineral
resources -- JP