China and India ahold Coal Mine in East Kalimantan

Samarinda - Investment in East Kalimantan coal sector began to dominated by China and India since the past two years. They have invested, from buying a corporation, to purchase coal mining permit (IUP) in the province.

According to the Head of Licensing Agency and Regional Investment (BPPMD) East Kalimantan, Yadi Sabian Noor, said the two countries is quite thirsty coal to meet the needs in their respective countries. Therefore, according to Yadi, if possible they will accommodate as much coal from East Kalimantan to be transported into the country.

"For the coal sector is the largest of China and India, but for the oil and gas sector is still inferior to Americans," said Yadi Sabian Noor, Monday, June 20, 2011.

The amount of investment in East Kalimantan in 2011 was recorded at Rp 38 trillion, including state-owned investment in the infrastructure sector, coal, and oil and gas. During January to May 2011, the realization of the investment the province has reached Rp 17 trillion. The disbursed amount was increased compared to the previous year.

That number rose rapidly than the realization of investment in East Kalimantan in 2010 which reached Rp17, 8 trillion by the details of domestic investment (PMDN) to Rp 7.8 trillion and foreign investment (PMA) RP 10 trliun.

In 2011, said Yadi, East Kalimantan Provincial Government to target the total investment at Rp 20 trillion. In addition to coal, which is again rising investment is investment by oil palm plantations are dominated investors from Malaysia.