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    Indian Investors Withdrew From The Project Antam Indonesia


    Withdrawal of investors and partners do not make mine permit dispute PT Aneka Tambang Tbk (Antam) failed to continue the development projects of nickel ore processing plant to be NPI (nickel pig iron) in Mandiodo, Konawe North, Southeast.

    Today it continues to ripen the middle of a business feasibility study and the target plant can begin operating before 2014. According to Antam’s President Director Alwin Syah Loebis, the company completed a study center itself after PT Jindal Stainless Limited as their business partner there to resign from the project late in 2008. One reason for the resignation of investors from India is a matter of dispute over mining permits.

    “In fact, actual operations have Antam in Mandiodo Mining Permit (IUP) in there,” he said after the signing of a memorandum of understanding with the provincial government regarding CSR grants Rp5 billion for construction of treatment facilities Sultra Provincial General Hospital in Jakarta, Monday ( 10 / 5).

    According to Alwin, business assessment study is currently focused on the market looking for buyers, mainly from processed stainless steel products that NPI. The project investment cost is estimated to reach U.S. $ 150 million, covers the cost of plant construction and power plant.

    Beyond that, Alwin acknowledged up to now still waiting for the verdict from the appeal filed by Regency Konawe. However, it will continue the study because it is the study of the official Permit holders. In addition, Southeast Sulawesi Provincial Government also supports the claim will return all permits to pemiliik overlapping origin. “This is our follow up,” said Alwin.

    Dispute that began when the North Konawe issuing of mining licenses in Mandiodo to another company. It make of overlapping land thereby reducing the concession area that is entitled to Antam. SOE even this has actually won a lawsuit in the State Administrative Court (Administrative Court) and Kendari on October 28, 2008. However, North Konawe Pemkab appealed to the High Administrative Court of Makassar. Until now, Antam, as the defendant was still waiting for the verdict.

    In the same place, the governor Nur Alam said Sultra, the overlapping of mining license could not be separated due to the regent / mayor who often do not adhere to the principles of decency, either to the issuance of new permits and supervision. He gave an example, currently there are about 300 mining authorizations have been issued by all districts / cities in Southeast Sulawesi. But in fact, of that number, less than 10 permit holders who actually do the action utilization.

    For that, he said, in order to solve the problems of overlap, should be investigated chronological legality and licensing, to technical and administrative requirements. “The requirements we maintain a strong will to operate,” he said. Section, a provincial task to be responsible for providing certainty of enforcement and oversight.