Rio Tinto to start building US$2 bln nikcel mine in Sulawesi
Jakarta (ANTARA News/Asia Pulse) - Rio Tinto (ASX:RIO) is expected to start work on a US$2 billion investment in a nickel mining project in Lasamphala, Central Sulawesi in the second half of this year.
Head of the Investment Coordinating Board (BKPM), Muhammad Lutfi, said the agency and the home affairs ministry wanted the mining giant to accelerate the implementation of its project.
Realization of the project has been long delayed since 2001, over conflicting regulations with the district administration issuing the mining license to the Bitangdelapan Group to operate in the same location.
Head of the Investment Coordinating Board (BKPM), Muhammad Lutfi, said the agency and the home affairs ministry wanted the mining giant to accelerate the implementation of its project.
Realization of the project has been long delayed since 2001, over conflicting regulations with the district administration issuing the mining license to the Bitangdelapan Group to operate in the same location.