Australian to invest $1 billion in Indonesia

Six Australian mining companies planned to invest at least $1 billion in Indonesia this year, an Australian government official has told Indonesian media. "This year, six big Australian mining companies will invest at least $1 billion compared with some $200 million last year," Australia's Senior Trade Commissioner for Indonesia, Rod Morehouse, told a press conference in Jakarta.

However, Morehouse declined to name the companies as the information is still confidential.

Australian Ambassador to Indonesia, Bill Farmer, said his country is looking forward to increasing investment in Indonesian mining sector. "And, they can provide real benefits, especially in key areas like environmentally sustainable mining," he said.

He said Australian mining companies will help increase capacity building for Indonesian employees in various programs. "Recently, we conducted a training program of mining capacity building in Kalimantan Island," he said, adding that safety is the top priority of Australian companies.