ID :
95587
Fri, 12/18/2009 - 11:19
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https://www.oananews.org//node/95587
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KOREAN COMPANY TO INVEST IN SE SULAWESI MINES
Kendari, Dec 17 (ANTARA) - South Korean investors have expressed their interest in the mining sector in Southeast Sulawesi, Indonesia.
"I still have no exact idea about the total value of their investment in Southeast Sulawesi, but they already conducted a survey of two regencies (Bombana and Konawe)," Southeast Sulawesi Governor Nur Alam said here Thursday.
According to Nur Alam, the Korean company carrying the banners of PT.FGH Group Indonesia headed by Jang Sang, the quality of the gold in the mines in Bombana, Wawonii, Konawe regency, and several other regencies in the province, is one of the best in the world.
"Thus, the potential gold mines in Southeast Sulawesi are not only found in Bombana and Konawe regencies, but according to the survey, in some other regencies as well like Kolaka, Kolaka Utara, Konawe Selatan and Muna. But the mines in those areas have yet to be exploited, because they are not old enough," he said.
In this context, the South Korean ambassador to Indonesia planned to visit Southeast Sulawesi for an inspection of the potential gold mines.
Previously, in August 2009, another Korean company planned to invest 2 million US dollars in nickel mines and build a steel plant in the province.
The governor said the local administrations planned to prepare three nickel mines in the province, namely in Molawe, Konawe Utara regency, Kabaena (Bombana) island, and Tinanggea (Konawe Selatan).
"Actually, many foreign companies had already signed an MoU with us, like PT Jindal of India, with an investment of Rp7.3 trillion, but later cancelled their plan due to the global crisis," he said.
Jindal withdrew because the price of nickel on the world market had dropped due to the global crisis.
But the South Korean company PT FGH Group Indonesia is expected to give fresh wind to the people of Southeast Sulawesi, as the company may open up new employment opportunities.
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"I still have no exact idea about the total value of their investment in Southeast Sulawesi, but they already conducted a survey of two regencies (Bombana and Konawe)," Southeast Sulawesi Governor Nur Alam said here Thursday.
According to Nur Alam, the Korean company carrying the banners of PT.FGH Group Indonesia headed by Jang Sang, the quality of the gold in the mines in Bombana, Wawonii, Konawe regency, and several other regencies in the province, is one of the best in the world.
"Thus, the potential gold mines in Southeast Sulawesi are not only found in Bombana and Konawe regencies, but according to the survey, in some other regencies as well like Kolaka, Kolaka Utara, Konawe Selatan and Muna. But the mines in those areas have yet to be exploited, because they are not old enough," he said.
In this context, the South Korean ambassador to Indonesia planned to visit Southeast Sulawesi for an inspection of the potential gold mines.
Previously, in August 2009, another Korean company planned to invest 2 million US dollars in nickel mines and build a steel plant in the province.
The governor said the local administrations planned to prepare three nickel mines in the province, namely in Molawe, Konawe Utara regency, Kabaena (Bombana) island, and Tinanggea (Konawe Selatan).
"Actually, many foreign companies had already signed an MoU with us, like PT Jindal of India, with an investment of Rp7.3 trillion, but later cancelled their plan due to the global crisis," he said.
Jindal withdrew because the price of nickel on the world market had dropped due to the global crisis.
But the South Korean company PT FGH Group Indonesia is expected to give fresh wind to the people of Southeast Sulawesi, as the company may open up new employment opportunities.
***2***
