It is reported that China’s Tsingshan Group assessed the investment about US$28 billion in the North Kalimantan Tanah Industrial Zone, the construction of several metal smelters, and as well as to build a power plant integrated with smelters.

The Ministry of Industry Development Bureau (PPI) director Iman. Halijono revealed that China’s Tsingshan Group intended to build 1.5 million tons of nickel iron, 1.2 million tons of chromium iron, 2 million tons of stainless steel, 500,000 tons of manganese, 200,000 tons of ferrosilicon, 1 million tons of alumina and so on.