Uncertainty Grips Indonesia's Mineral Sector, As Smelter Projects Amass

Uncertainty Grips Indonesia

As the 2014 dateline on raw metal ore export ban draws closer, Bumi Resources Tbk (BUMI.JK) is planning to build a $1.5 billion polymetallic smelter in Medan, South Sulawesi, Indonesia. This is to guarantee the smelting of metal concentrates expected from a planned underground lead-zinc-silver mine being developed by its 80% subsidiary, PT Dairi Prima Mineral (DPM).

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