Indonesia: Vanguard plans to set up cement plant with $490mn investment

US-based mining company Vanguard Mining intends to set up a cement plant in Indonesia's East Nusa Tenggara. This was disclosed by the Indonesian Cement Association's chairman, Widodo Santoso. Vanguard is to invest an estimated US$490 million/€387.49 million) in the project, which will be carried out in several stages. The cement plant will have 2 million tonnes in annual capacity.
October 8, 2014 Read time: 1 min

US-based mining company Vanguard Mining intends to set up a cement plant in Indonesia's East Nusa Tenggara.

This was disclosed by the Indonesian Cement Association's chairman, Widodo Santoso. Vanguard is to invest an estimated US$490 million/€387.49 million) in the project, which will be carried out in several stages.

The cement plant will have 2 million tonnes in annual capacity.

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