Indonesian Mining Company Sets Sites on Burma
28 March 2013
Indonesia’s state-controlled gold and nickel miner Aneka Tambang is set to begin mining for gold in Burma this year, as soon as it secures a permit, the Jakarta Globe reports. The company is planning to increase its capital spending this year by 18 percent, to US $617 million, to push ahead with a domestic expansion in Southeast Sulawesi and an overseas push in Burma. Alwinsyah Lubis, president director of Antam, said the company is among a number of Indonesian state-run companies seeking to expand their businesses in Burma. He declined to reveal any figures for the planned investment.