May 12, 2020 · Indonesia passes new mining law revisions, met with praise and protest – by Wilda Asmarini and Bernadette Christina (Reuters – May 12, 2020) May 12, 2020 in Asia Mining, International Media Resource Articles
May 12, 2020 · Indonesia passes new mining law revisions, met with praise and protest – by Wilda Asmarini and Bernadette Christina (Reuters – May 12, 2020) May 12, 2020 in Asia Mining, International Media Resource Articles
Indonesia's new mining law should be seen in the context of a broader trend in countries in the Global South, wanting to be less dependent on the export of raw materials, or seeking to control a larger part of its resources to benefit local and national development. Since 1998, Indonesia has witnessed the rapid growth of a sovereignty ...
Jul 02, 2010 · Indonesia's Law No. 4 of 2009 on Minerals and Coal Mining (the 'New Mining Law') replaces Law No. 11 of 1967 (the 'Old Mining Law'). The New Mining law was approved by the President on 12 January 2009 and is now the prevailing law of Indonesia. As is commonplace in Indonesia, the legislation is augmented [.]
May 12, 2020 · Indonesia's parliament passed revisions to its mining law on Tuesday that will allow miners to extend permits and seek expansion of mining areas beyond current legal limits. Other parts of the law are also largely in line with mining rules under a proposed sweeping "omnibus" bill, aimed at removing red tape and attracting investment in many ...
May 20, 2021 · Activists take Indonesia's mining law to court, but don't expect much. August 12, 2021 Posted by SNC Technologies Industry News No Comments ...
May 02, 2021 · Indonesia: Oil Gas Laws and Regulations 2021. ... The State retains mineral rights throughout Indonesian territory and the Government holds the mining authority. ... Separately, a draft of a new oil and gas law, which is widely expected to reform the oil and gas regulatory framework, is being prepared by the House of Representatives. ...
The new Mining Law No. 3/2020 has been enacted on 10 June to amend Mining Law /2009. The law paves the way for several changes including on matters related to mining areas determination, centralization of authority as well as licensing of mining businesses, among others. Given the changes along with potential impacts that follow, mining ...
Jul 10, 2014 · New Mining Law Incurs Delays Courtesy of The construction of smelting and refining facilities in Indonesia – as stipulated in the new and controversial 2009 Mining Law – remains troublesome because several mining companies have delayed construction pending the judicial review of the 2009 Mining Law by the ...
Aug 25, 2015 · Given the period of stronger headwinds in the global mining and commodity sector and in light of the importance of the mining sector to Indonesian economy – in terms of GDP, jobcreation and development of the more remote regions of the country – many were hoping the new government would do more to help business get done.
Jun 22, 2018 · Indonesia prepares new mining law; Exploration Production . Indonesia prepares new mining law Published on: 22 June 2018 . Law is being written in the House of Representatives..To read the rest of this article, please login with your CW Group Single SignOn first.
Jan 13, 2017 · The government of Indonesia revised rules regarding the ban on unprocessed ore exports. Originally, Southeast Asia's largest economy (a key exporter of natural resources) planned to ban exports of mineral ore per 12 January 2014 in a bid to encourage the development of domestic higher value smelting facilities (part of the New Mining Law that was unveiled in 2009).
May 13, 2020 · According to him, the new legal umbrella will slowly resolve mining management problems. The Minister added that several regulations in the Mineral and Coal Mining Law could boost investment in the mining sector. The regulations increase added value, exploration, reclamation and postmining activities, and set a minimum of 51% divestment.
Oct 09, 2020 · Indonesia: Mining Laws and Regulations 2021. ICLG Mining Laws and Regulations covers common issues in mining laws and regulations – including the acquisition of rights, ownership requirements and restrictions, processing, transfer and encumbrance, environmental aspects, native title and land rights – in 15 jurisdictions.
All existing mining contracts will be upheld under new Indonesian mining law. Existing mining contracts will be upheld under Indonesia's new mining law, which has been a long time in the making, but it will demand that raw ore and concentrates be smelted/refined in the country within five years.
Jul 15, 2021 · American mining giant Freeport McMoRan will not proceed with plans to build a new copper smelter with China's Tsingshan Holding Group, its local Indonesian unit, PT Freeport Indonesia.
Oct 09, 2020 · Police and demonstrators clashed in the Indonesian capital on the third day of protests and strikes against a polarising new jobs law passed in SouthEast Asia's largest economy.
Jul 10, 2020 · Indonesia, a top global exporter of thermal coal, tin, nickel and copper, is seeking to boost investment in the country's mining sector by removing red tape and streamlining regulations through the new mining law. A judicial review was being requested because the public, regional governments and statecontrolled companies had not been involved ...
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Mar 14, 2012 · companies, and complements the new Article 112B (described in point No. 9 below). We expect that Governors and Regents would object to this change. 2. Restrictions on the Transfer of IUPs. GR 24 reiterates the provisions of Article 93(1) the Mining Law (Law No. 4 of 2009) regarding the restriction on any transfer of IUPs by the IUP holders. GR ...
May 23, 2011 · Indonesia had already stopped issuing new mining permits ahead of mining regulations stemming from a 2008 law. "There are many overlapping permits, and permits where it needs to be confirmed whether they are in line with mining practices in term of protecting the environment," said Finance Minister Agus Martowardodjo.
Jun 24, 2020 · Effect of Indonesia's New Mining Regulations Already Factored into Ratings. Fitch RatingsSingapore24 June 2020: Indonesia's new mining regulations, which clarify key aspects pertaining to the extension of Coal Contracts of Work (CCoW), are largely in line with Fitch Ratings' expectations and will not affect the ratings of the country's coal ...
Oct 09, 2020 ·, Jakarta The coalition of #BersihkanIndonesia or Cleaning Indonesia suspected that the enactment of the new Omnibus Law on Job Creation was an order from mining corporations, particularly those in the coal mining sector.. According to the coalition, with the Job Creation Law, the government sells out Indonesia's natural resources for free by relaxing the royalty .
Jul 28, 2020 · Indonesia's new mining law puts profit ahead of people and planet. Members of the Lahat community in South Sumatra continue their blockade against coal mining to defend their land. Photo: Anak Padi. The Indonesian government relies heavily on coal mining to generate revenue. It is the country's largest export commodity, creating about 15% ...
After one month, Newmont withdrew its case against Indonesia but only after it had reached an agreement with the Indonesian government, giving the mining company special exemptions from the new mining law. last update: April 2021