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Investments in mining industry may reach $3.2b in 2011.
from THE JAKARTA POST -- SATURDAY, JANUARY 08, 2011 -- PAGE 13 The Energy and Mineral Resources Ministry said it expected investments in the mineral and coal mining sector to reach US$3.2 billion this year, a slight increase from last year's $3.18 billion.
The ministry's director general for minerals and coal, Bambang Setiawan, said coal mining would remain the largest draw for investors sector due to soaring coal prices.
"Domestic players will dominate new investments in coal mining this year. With the surging prices, they will find it easier to secure bank loans to expand production," he said Friday.
The ministry's mineral and coal directorate general …
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