Credit crunch may hit RI mining investment

The Jakarta Post Daily-October 23, 2008 Simon Felix Sembiring, senior advisor for finance and economy at Department of Energy and Mineral Resources, predicted that the mining industry would face difficulties in seeking financial resources for their expansion, particularly from the market and the bank. The global financial crisis has created the domestic market fluctuation and drying up of banking liquidity since many banks are presently treating carefully the credit flow.