JAKARTA, Oct. 29 (Xinhua) -- Indonesia is expecting to lure investment in
the mining sector to as much as 11 billion U.S. dollars in 2008 after the bill
on mining industry is passed, an executive said Monday.
The target is very much beyond the estimated realization of 1.5billion
dollars this year and 900 million in 2006.
The mining sector is getting increasingly attractive for investors because
of soaring demand for mining products and global price rises, said Priyo Abadi
Soemarno, executive director of the Indonesia Mining Association.
The potential major investors include Rio Tinto (2 billion dollars) and
local mining firm Aneka Tambang (4 billion), Priyo was quoted by leading news
website Detikcom as saying.
