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Group Holding businessman Vitaly Mashchitsky invests $ 500 million in processing of alumina in Indonesia - Reuters
The group of Vi Holding businessman Vitaly Mashchitsky will invest $ 500 million in the processing of alumina in Indonesia, reports Denis Manturov, the Minister of Industry and Trade of the Russian Federation.
According to him, the plant can be built within three to four years. Alumina is necessary for the production of aluminum.
It is expected that the capacity of the alumina plant will be 1 million tons per year. The plant's products will go mainly to China, Manturov said after meeting with Indonesian President Joko Widodo.
Maschitsky's Vi Holding is a partner of Rostec and Vnesheconombank in a giant platinum project in Zimbabwe. In September, Russia and Zimbabwe agreed to launch a $ 3 billion project to develop the Darwendale platinum deposit in the African country.