COAL INDUSTRY
Small is Gold

Foreign investors are eyeing small mining concession areas. Low prices and loose control are the reason for their interest. Local entrepreneurs are only "selling papers."

February 3, 2010

FOR almost half an hour Zainul Has was chatting over his cellphone. His talk about the purchase of a coal mine area was vaguely heard. The happy tone of his voice revealed Zainul's bright business prospects. After the call, the neatly dressed man turned to Tempo. "Someone's bargaining for land in Kelumpang," he opened the conversation in mid-January.

The coal business is not new to the 38-year-old. But don't be mistaken, he is not a mine worker or own

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