EnergyIndonesia says Fortescue, China s Tsingshan in talks for Borneo investment
Reuters
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Indonesia s Chief Security Minister Luhut Pandjaitan speaks during a morning briefing with journalists at his office in Jakarta, Indonesia July 20, 2016. REUTERS/Darren Whiteside/File Photo
Indonesia is in talks with China s Tsingshan Holding Group and Australia s Fortescue Metals Group (FMG.AX) to build a new industrial estate for metal smelting near a planned hydropower plant on Borneo island, a minister said on Tuesday.
The new estate will be located near the 11,000 megawatt Kayan hydropower project in North Kalimantan province, according to Luhut Pandjaitan, Indonesia s coordinating minister for maritime affairs and investment, who also oversees mining regulations.