http://www.themoscowtimes.com/stories/2007/09/04/001.html
Tuesday, September 4, 2007. Issue 3735. Page 1.
Indonesia Trip May Be Worth $10Bln
By Anatoly Medetsky
Staff Writer
President Vladimir Putin will visit Indonesia for the first time on Thursday,
looking to open the way for billions of dollars of Russian investment in the
country's oil and aluminum industries.
Discussions during the visit, which follows a trip to Moscow by Indonesian
President Susilo Bambang Yudhoyono in December, could generate deals worth as
much as $10 billion.
Putin will meet with Yudhoyono as well as a group of Indonesian businessmen on
the one-day visit, Kremlin spokesman Dmitry Peskov said Monday.
Indonesian metals and mining major Aneka Tambang, or Antam, plans to sign a
deal with United Company RusAl on Thursday for the construction of a $4 billion
alumina smelter in Tayan, East Kalimantan, Indonesian Energy Minister Purnomo
Yusgiantoro said Monday in Jakarta.
RusAl spokeswoman Olga Sanarova confirmed that talks were under way between the
companies and that an agreement would be signed, although she could not provide
financial details for the deal.
"We are interested in Indonesia due to its rich bauxite resources," Sanarova
said. "We are studying opportunities for a project to create a bauxite
processing plant in the country."
RusAl is the world's biggest aluminum producer.
The initial investment in the plant will be $2 billion, Purnomo said, Bloomberg
reported. That figure will cover the construction of the smelter as well as the
plant that will supply it with the necessary power, he said.
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