Vale and Newmont Invest in Indonesia Despite Foreign Ownership Law

Bloomberg reported Indonesia’s new law regarding foreign ownership isn’t slowing companies from investing in the mineral rich nation.

As quoted in the market news:

PT Vale Indonesia (INCO), a unit of the world’s second-biggest nickel producer, the Adani Group, controlled by Indian billionaire Gautam Adani, Hong Kong-based G-Resources Group Ltd. (1051) and Canadian explorer East Asia Minerals Corp. (EAS)said this week they will boost output at their Indonesian operations even as they need to cut their holdings in local ventures.

Click here to read the full Bloomberg report.