Boy, if you knew how to connect words into sentences we might...

Boy, if you knew how to connect words into sentences we might understand what you're saying. That would be a shame, because what you appear to be saying is rubbish.
The maths goes like this:
NIC's Hengjaya mine is 80% owned by NIC and 20% owned by an Indonesian company. Tsingshan has no direct ownership but Indonesian interests do - which is good, it's their country.
Tsingshan has a 21% interest in NIC - which is good, it shows faith between friends.
Tsingshan's indirect interest in the Hengjaya mine, held through NIC, is therefore 21% of 80%, which is about 17%.
NIC management are responsible for whatever decisions are made at the Hengjaya mine.
The mine is profitable even during periods such as we've just had when margins tighten - now margins are opening up, production is ramping and things are looking good.
It seems the only one not looking fairly and squarely at this situation is you.