In contrast to Salim Group’s iron sand smelting project in Taliabu Island, Maluku province, which is getting closer to commercial operation, construction of similar project in Kulon Progo regency, Yogyakarta province planned by ASX-listed Indo Mines Ltd has been delayed for almost five years now. The Company was granted contract of work eight years ago by SBY-Kalla administration with a plan to build an integrated iron-steel plant with US$1 billion of investment.To subscribe please click here