Inco’s Indonesian investment to rise 27 pct in 2011

Reuters Africa reports that International Nickel Indonesia (JAK:INCO) will invest an estimated $232 million at its Sulawesi mines in 2011.

The market news is quoted as saying,

The investment will include $120 million for sustaining capital, $97 million for growth capital and $15 million for health, safety and the environment, Inco said in an emailed statement to Reuters.