Mining Sector Remains a Favorite, BKPM Says
24 July 2014 16:56 WIB
TEMPO.CO, Jakarta - Investment Coordinating Board (BKPM) chief Mahendra Siregar, said that domestic and foreign investors are getting more interested to invest in Indonesia's mining sector. "Investment value [in the mining sector] has increased since 2010," he said on Thursday, July 24, 2014.
According to BKPM's data, investment value in the mining sector increases by 3.2 percent every year. In 2010, foreign and domestic investment value in the mining sector reached up to Rp 6.8 trillion from a total of Rp 208.5 trillion in all sectors. Meanwhile in 2011, the number increased to Rp 17.9 trillion or 7.1 percent from the total investment value of Rp 253.1 trillion.
In 2012, 15.6 percent from the total investment value of Rp 313.2 trillion, or equals to Rp 48.8 trillion, was invested in the mining sector. In 2013, investment value in the mining sector was recorded at Rp 64.3 trillion or 16.1 percent from the total investment value of Rp 398.6 trillion. The mining sector became the third largest investment area after the services and manufacturing sector.
Realization of investment in the mining sector from January to June 2014 was recoreded at Rp 28.7 trillion or 13 percent from the total investment value of Rp 222.8 trillion in the first semester.
According to Mahendra, the data showed that investors remain interested in the mining sector despite the controversial domestic mineral refining policy. "Investment climate in the mining sector must be maintained in order to oversee positive sentiments for investors amid the government's mineral refining policy," he said.
RAYMUNDUS RIKANG R.W