Since late-2003, United Fiber System, Ltd (UFS) – a publicly listed company incorporated in Singapore – has taken significant steps towards securing financing for a 600,000 tonne greenfield pulp mill project in South Kalimantan, Indonesia. UFS has reportedly already secured some US$ 693 million in financing, or 80 percent of the project’s total cost, from China National Machinery & Equipment Import & Export Corporation (CMEC), a construction company based in Beijing. An additional US$ 20 million of the project is being financed by Cornell Capital Partners, a US based group of investment funds. UFS claims that construction of the mill will begin...