Indonesia agency says Mittal eyes mining, steel sectors

JAKARTA, April 11 (Reuters) - The chairman of Indonesia's investment co-ordinating agency said that ArcelorMittal (ISPA.AS: Quote, Profile, Research, Stock Buzz), the world's top steelmaker, plans to team up with two Indonesian state firms to tap into the mining and steel sector.

Muhammad Lutfi told reporters late on Thursday that ArcelorMittal (MT.N: Quote, Profile, Research, Stock Buzz) plans to team up with state mining firm Aneka Tambang (Antam) ANTM.JK to secure supplies of steel ore, nickel and manganese.

He also said that ArcelorMittal and Indonesia's state steel-maker Krakatau Steel plan to conduct a joint feasibility study for the construction of a steel plant in Indonesia.

"According to our calculation, the total cost of investment should reach at least $3 billion," Lutfi told reporters.

Indonesia is home to some of the world's top mines and is among the top producers of key commodities such as coal, natural gas and palm oil. (Reporting by Muklis Ali, writing by Harry Suhartono, editing by Sara Webb)