China and Indonesia sign $6 billion Nickel Smelting deal

[Bengal_Tiger]

http://www.thejakartaglobe.com/home/...donesia/466332



China Signs $6b Nickel-Smelting Deal With Indonesia
September 19, 2011

China and Indonesia on Monday signed a $6-billion deal to build a nickel-smelting plant on Sulawesi island which will start production early next year and provide thousands of jobs.

Jilin Horoc Nonferrous Metal Group Co., owned by a Chinese provincial administration, will develop the industry in Bombana and North Konawe districts in Southeast Sulawesi province.

“The project will provide job opportunities for thousands of people. I hope it would start very soon,” said Indonesia’s Economic Minister Hatta Rajasa.

“We’ll process it domestically so that there’s no more raw material exports.”

As the world’s top exporter of tin and thermal coal, Indonesia is eager to boost income from the mining sector.

Agence France-Presse

[Bengal_Tiger]

1. Biggest and 3rd biggest nations in Asia signing this deal, or alternatively biggest and 4th biggest nations on earth signing this deal.

2. Indonesia and China are co-operating intensively in many fields, including economic and political.

3. Chinese dragon not falling for the tricks of the American snake in East Asia and the western Pacific, as the American snake is looking to cause trouble and instability.