Article: PHOSPHATE MINING ATTRACTIVE TO INVESTORS

Large-scale phosphate mining seems to have started gaining popularity among investors. After PT Elang Istanamas had commenced its operations in South Ciamis, West Java, another two companies--namely PT Girijaya Mukti and PT Kresna Duta Satria Utama (PT KDSU)--obtained permanent licenses from the Investment Coordinating Board (BKPM) to mine phosphate in, respectively, Sukabumi, West Java and Tuban, East Java.

PT Girijaya Mukti--which obtained a permanent license from the BKPM in 1993- -will open a phosphate-mining field and establish a phosphate-processing plant in Tuban, East Java with an investment of Rp 6.6 billion. It is said that this company is conducting ...

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