First publishedin World Highways
Organisers of bauma 2013 have been highlighting the opportunities that exist in Indonesia, its partner country for the event.
Messe München International says that thanks to its extensive raw material deposits, Indonesia offers tremendous growth potential. “bauma is not only the leading international event for construction machinery, building material machines, construction vehicles and construction equipment, it is also the world’s biggest trade fair for mining machinery,” says Messe München. The bauma event takes place from 15-21 April, 2013 in Munich, Germany.
“The present conditions [in Indonesia] are regarded as favourable for new ventures. As part of the general economic upturn in Asia, demand is rising for mineral raw materials, and this in turn is boosting activity in mining. As a result the requirement for mining machinery and technology is also increasing. bauma is an excellent meeting place for both investors in and companies from Indonesia.”
“The mining sector in Indonesia is expanding rapidly, driven by good prospects for profit and rising demand on the international market,” says Adam Pamma, a representative of the Association of Indonesian Professionals for Science, Technology and Enterprises (AIPSE) in Germany.
Indonesia’s raw material reserves are the sixth largest in the world, and according to the Ministry of Energy and Mineral Resources, the republic ranks fifth worldwide for tin reserves; seventh for copper and 15th for coal.
Overall investment in the Indonesian mining sector was around US$3 billion in 2010, and market researchers Business Monitor International (BMI) predicts an average increase in investment of 10-11%/year by 2014. The value of production is forecast to reach $123 billion by 2014.
- Business Monitor International