Sglogo_1

 

Events Reports Directory Forum Articles Job Post Resume Post Links Currency Archive Metal Rate Archive Glossary Import Duty Structure Incoterms 2000 Technical Info Trade Leads Currency Codes Contact Us Disclaimer Feedback Privacy Policy Site Map

 

FAIL (the browser should render some flash content, not this).

September 06, 2008


ArcelorMittal eying mega investments in Indonesia - Report

As per a report in the Investor Daily, ArcelorMittal has recently told the Indonesian government that it is interested in investing between USD 5 billion and USD 10 billion in steel and mining projects in Indonesia.

The newspaper quoted Mr Fahmi Idris Industry Ministry of Indonesia as saying that Mr LN Mittal president & CEO of ArcelorMittal, after his recent visist, wrote to the government and proposed three options
1. ArcelorMittal to buy a stake in state owned steel company PT Krakatau Steel
2. ArcelorMittal to tie up with KS to build a steel plant on a Greenfield site
3. ArcelorMittal to tie up with PT Aneka Tambang Tbk to develop coal, iron ore, nickel and manganese mining projects.

The newspaper quoted Mr Idris as saying that Mr Mittal is expecting the government to respond to his offer within two to three weeks.