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Does CITIC Metal have an investment mine in Indonesia?
CITIC Metal is a global metal trading company under CITIC Group, which has extensive international business and resource advantages. As far as I know, CITIC Metal did invest in some mineral resources in Indonesia. For example, CITIC Metal announced on 20 19 that it had reached a strategic cooperation agreement with Indonesian mining company PTBumiResourcesTbk (hereinafter referred to as "BumiResources") to jointly develop coal and iron ore resources in South Kalimantan, Indonesia. In addition, CITIC Metal also signed a cooperation framework agreement with PTIsaksenAsia in Indonesia, and plans to develop resources such as nickel mine in Indonesia. It should be noted that mining investment involves many risks and challenges, such as geological conditions, policies and regulations, environmental protection and other factors will have an impact on the successful operation of the project. Therefore, when making investment decisions, it is necessary to deeply study the political and economic background, industry development trend and potential risks of the target market, so as to formulate scientific and reasonable investment strategies and escort the sustainable development of enterprises.
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