Energy & Natural Resources – Mining in Indonesia

Sector: Mining
Region: Indonesia
Investment: US$30 million

A total of US$30 million was invested into Black Pearl, an Indonesian iron sands mining operation, alongside co-investors Baker Steel Resources Trust and China VTM, a listed mining company on the Hong Kong Stock Exchange.

At the end of 2012, the company was awarded all necessary mining and export licences for its site, including permission to mine offshore.