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Business Brief: The true price of Indonesia’s nickel boom

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Also in today’s edition: Francis Ford Coppola on self-financing a passion project

In Indonesia, global demand is driving business growth, wealth and wider economic prosperity. But as Asia correspondent James Griffiths finds, extracting the metal comes at a steep cost: to the environment, to the workers facing dangerous conditions, and to communities being uprooted or left behind. More on Griffiths’ investigation below, but first:. But the tradeoff for people not noticing you’re reading your texts is that they won’t be able to ignore you look like Elvis Costello.

At one mine, near the town of Bungku, we stopped at a “View Point” bedecked in flags of the Indonesian mining outfit PT. Teknik Alum Service, but the only things The site is now operated as a joint venture between Inco’s successor company, Vale Base Metals, and the Indonesian government, which last year became majority shareholder.

 

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