Prabowo to develop coal mine in East Kalimantan
Thursday, April 28 2005 - 02:42 AM WIB
The former chief of the military's elite unit Kopassus, Let. Gen. (Ret) Prabowo Subianto and a number of Indonesian and Thai businessmen, will develop a coal mine in East Kutai regency, East Kalimantan, the Kaltim Pos daily reported on Thursday.
The businessmen, through PT Nusantara Energi Group, claimed to have allocated at least US$300 million in investment funds for the development of the coal mine, and its supporting facilities.
"The US$300 million funds will be used to develop a coal mine and to build a 150 km road," Prabowo said after touring the mining site.
Accompanied by East Kutai regent Mahyuddin, Prabowo and his business partners, visited the mining site on Wednesday.
The East Kutai regent Mahyuddin said that the local government and the local people strongly supported Nusantara Energy's plan to develop a coal mine in the regency. (*)