KONTAN.CO.ID - JAKARTA. Indonesia expects $3.7 billion in investments for smelter projects to be delayed to 2021 if the coronavirus outbreak persists until the end of 2020, a mining official said. The investments were expected for 35 ore processing facilities that are under construction or scheduled to start development this year, Irwandy Arif, an advisor to the Energy and Mineral Resources Minister, told an online news briefing. These projects include 18 nickel smelters, two copper projects and seven bauxite smelter projects, among others. These projects are now expected to be completed by around 2023 due to the delay this year, he said on Tuesday.
Indonesia expects delay to 2021 for $3.7 bln smelter investments
KONTAN.CO.ID - JAKARTA. Indonesia expects $3.7 billion in investments for smelter projects to be delayed to 2021 if the coronavirus outbreak persists until the end of 2020, a mining official said. The investments were expected for 35 ore processing facilities that are under construction or scheduled to start development this year, Irwandy Arif, an advisor to the Energy and Mineral Resources Minister, told an online news briefing. These projects include 18 nickel smelters, two copper projects and seven bauxite smelter projects, among others. These projects are now expected to be completed by around 2023 due to the delay this year, he said on Tuesday.