Reuters reported that a consortium of Japanese investors has offered to invest USD 367 million to expand an aluminium smelter in Indonesia, an effort to maintain their majority ownership as Indonesia wants to increase its stake.

The government will soon kick off negotiations with Nippon Asahan Aluminium a consortium of 12 Japanese firms over the fate of an aluminium smelter in Sumatra Island after 30 year ownership contract expires in 2013.

(Sourced from Reuters)