JAKARTA: Norway’s wealth fund has placed an Indonesian state-controlled cement maker, in which it has a stake, under observation for three years for what it calls “risk of damage” from the firm’s activities to prehistoric cave paintings on Sulawesi island.
A Semen Indonesia subsidiary operates a mine near 18 caves in South Sulawesi which house some of the world’s oldest paintings, said Norges Bank, which manages the world’s biggest sovereign wealth fund Norges Bank Investment Management (NBIM).
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