Go Finance Reporting - The Indonesian government expressed when processing ore mining company from India, Primex, interested in Indonesia to process iron sand.
Minister of Industry, MS Hidayat explained the Ministry of Industry (Kemenperin) will sign a memorandum of agreement with Primex to increase the value of iron sand Indonesia.
"Kemenperin will sign with a private company, Primex his name, to process the added value of iron sand, iron sand," said Minister of SOEs Mustafa Abubakar, when met at the Office of Coordinating Ministry for Economic Affairs, Jalan Banteng Square, Jakarta, Thursday (20/01/2011) .
But according to Mustafa, currently benefit from the memorandum of agreement is being reviewed. Himself explained, if an agreement is reached, Indonesia no longer need to export the raw iron sand.
"It's not contrived its value added, value added, titanium, uranium, but the sand itself dipulangan again to Indonesia, so it would not export raw sand as we now do in the PRC," he explained.
According to Hidayat, the implementation of cooperation with Primex to go through further study and should be there under guard from the industry, in which the government would find "he added."
"But it must be through the study. Therefore, the desire Primex (investing) in such other countries must be escorted by government.'s Why working with for Industry, because that would oversee the industry is right or wrong. If true, then we will swatch his counterpart here, "said Hidayat.
For your information, Indians who want to process iron sand from Indonesia will later be processed into various kinds of material that is more useful, such as titanium, and uranium (nuclear power plant materials). (GoFinance)
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