Indonesian Mining Records $2.28bn in Investments in 2010

3 January 2011 (Last Updated January 3rd, 2011 18:30)

Indonesia's Ministry of Energy and Mineral Resources has reported that investment in mineral and coal mining sectors reached $2.28bn in 2010. The realisation of minerals and coal investments until November 2010 reached $1.8bn, and until the end of December 2010, investments rose to $2.

Indonesia's Ministry of Energy and Mineral Resources has reported that investment in mineral and coal mining sectors reached $2.28bn in 2010.

The realisation of minerals and coal investments until November 2010 reached $1.8bn, and until the end of December 2010, investments rose to $2.28bn.

The investments included working contracts totalling $1.48bn, coal mining working agreement-based investments of $764m, and assets from state-owned companies totalling $38m.

Director general of minerals and coal Bambang Setiawan said the realisation was above the target of $2.119bn.

Investment in the mining service business reached $904m in 2010, which will take the total investment in the sector to $3.18bn.