Monday, August 14, 2006

Investors chasing uranium in Kalimantan

Indonesia's National Atom Agency (BATAN) disclosed that some foreign investors are chasing uranium mining in Kallan, West Kalimantan, Antara reported.

Karyono HS, deputy chairman of BATAN for nuclear materials technology and engineering, said while they have expressed interests to work with the agency in developing the uranium mining, there is uncertainty over legal issues. "There was a regulation that ban foreign investment in uranium development. While the regulation had been matured in 2003, there is no clear guidance at the moment," Karyono said.
BATAN, he further stated, is open for any cooperation with foreign investors as it needs huge investment amid limited funding from the state budget.
Read my previous posts:
1) Indonesia uranium

2) Indonesia is going nuke!



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