Indonesia’s booming coal capital flourishes with Chinese help

The global economic slowdown that has battered the resource sector this year has spared Indonesia’s coal capital Balikpapan, which is forging ahead with a recession-defying infrastructure upgrade, partly funded by China.

Once a sleepy fishing village, Balikpapan now has facilities to rival the capital Jakarta, largely due to the commodity boom of the past decade which saw it become a base for global and local mining firms working the coal and gold seams of East Kalimantan province.

via Business feed http://www.scmp.com/business/economy/article/1051438/indonesia%E2%80%99s-booming-coal-capital-flourishes-chinese-help