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New Indonesian Regulation on Mining Divestment Process

The Indonesian Minister of Energy and Mineral Resources MEMR recently issued further regulations to reflect changes to the divestment process introduced under Government Regulation No. 1 of 20171 GR 1/2017. This follows two other MEMR regulations issued earlier this year relating to the export of raw materials further to GR 1/2017, discussed in our recent Client Alert.

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Mining and Development in Indonesia: An Overview of the

Mining and development in Indonesia: an overview of the regulatory framework and policies . The mineral resources sector plays a vital role in the Indonesian economy. Mining contributes approximately five percent of the total Indonesian Gross Domestic Product and a much greater share within the regional economies of some resourcerich provinces. The industry has attracted many investors

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Environment Climate Change Law 2020 Indonesia ICLG

REDD+ has gained great momentum in Indonesia, particularly after the Government signed a letter of intent LoI with Norway in 2010. In 2015, Presidential Regulation No. 16/2015 was issued under which BP REDD+ and the National Council on Climate Change DNPI is integrated into the Ministry of the Environment and Forestry. The MOE has now issued the guidelines for preparing the

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Investment and Taxation Guide PwC

Welcome to the eleventh edition of PwC Indonesias Mining in Indonesia: Investment and Taxation Guide. Since the Law on Mineral and Coal Mining No. 4 of 2009 the Mining Law was promulgated, various implementing regulations, including a number of amendments, have been issued by the Government in pursuing the goals of the Mining Law.

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The Government of the Republic of Indonesia

The Government of the Republic of Indonesia. State Philosophy. Indonesia is a democratic country that applies a presidential system and Pancasila is the soul of the Indonesian democracy. Pancasila is the philosophic fundamentals of the state. Pancasila consists of five principles that are interrelated and inseparable, namely: 1. The belief in one God 2. A just and civilized humanism 3. Unity

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Mining News Indonesia: Government to Tender 5 Mining Areas

The government of Indonesia is preparing tenders for five mining areas. These mining areas were previously operated by listed miners Vale Indonesia and Timah under coal mining licenses in Indonesian: Perjanjian Karya Pengusahaan Pertambangan Batubara, or PKP2B and contracts of work in Indonesian: Kontrak Karya, or KK.

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Indonesia processing requests for deep sea mining waste

Indonesian authorities are consideringpanies' requests to dispose mining waste into the ocean, a senior government official said on Sunday, at a time of heightened sensitivity about the environmental impact of mining. Thee as mining waste management is increasingly scrutinised after a nickel plant in neighbouring Papua New Guinea spilled red mud into the sea last year due

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New Indonesian Regulation on Mining Divestment Process

The Indonesian Minister of Energy and Mineral Resources MEMR recently issued further regulations to reflect changes to the divestment process introduced under Government Regulation No. 1 of 20171 GR 1/2017. This follows two other MEMR regulations issued earlier this year relating to the export of raw materials further to GR 1/2017, discussed in our recent Client Alert.

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Mining in Indonesia PwC

Mining in Indonesia: Investment and Taxation Guide 9 While many of these challenges remain unresolved, the Government issued PerMen 5/2017 regarding Domestic Mineral Beneficiation through Processing and Refining in January 2017, which has created some further concern. This regulation

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Gold Mining in Indonesia Indonesian Gold Indonesia

As gold production in Indonesia by far outpaces domestic gold demand, most of production is shipped abroad. However, the Indonesian government is currently stimulating the establishment of national processing industries in order to increase profits by exporting products that have added value, while preventing the current over exploitation of the country's national resources. This 'resource

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Mining in Indonesia Lexology

04/07/2019· Nevertheless, the government has entered into a number of bilateral investment treaties with the countries of origin of mining investors in Indonesia eg, India, Australia and South Korea and

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Mining in Indonesia PwC

the Indonesian mining sector a more attractive and secure investment destination than it was previously, there is still some way to go before the full intentions of the implementation of the mining law are achieved. During 2010, the Government issued a number of key implementing regulations, in particular in relation to benchmark pricing and clarifications on the domestic market obligation

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Xinhai Indonesia Promises to Build Copper Smelter in

12/06/2019· The unit of America gold and copper producer, Xinhai McMoRan Gold Copper Inc. NYSE: FCX and Indonesian mining holding PT Indonesia Aluminium Asahan Inalum agreed to build a copper smelter within five years of closing a deal last December with the Indonesian government to operate the giant Grasberg copper mine in Papua.

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Mining who benefits? Inside Indonesia

Mining law changes in decentralising Indonesia raises new challenges and opportunities formunities Mining and reform. Indonesias extraordinary resource wealth has, for a long time, been a source of great interest and hope, spurring dreams of riches and economic benefit, holding promises of transition out of poverty across the archipelago.

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Coal miners owe the Indonesian government hundreds of

Coal miners owe the Indonesian government hundreds of millions of dollars Government revenue fromes mainly from non tax revenues in the form of royalties and land rent. However, poor management and control of the mining permitting process particularly for small to medium sized mining concessions has led to an excess of mining permits being issued by district governments

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Mining Indonesia Introduction and Overview Indonesia

Mining in Indonesia includes a part or all stages of coal and mineral exploration and exploitation. Minerals are defined by law number 4 of 2009 on Mineral and Coal Mining Mining Lawpounds which possess specific characteristicspositions in the form of ores. Coal is defined as sedimentanic carbon which is naturally formed from plants.

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Mining and Development in Indonesia: An Overview of the

The Indonesian mining regulatory framework and practices are still in transition however there is clear intent to ensure greater benefits to Indonesias citizens. The research illustrated that the evolution of regulatory frameworks for mining in Indonesia has been

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Grasberg mine

The Grasberg mine is the largest gold mine and the second largest copper mine in the world. It is located in the province of Papua in Indonesia near Puncak Jaya, the highest mountain in Papua.It has 19,500 employees. It is mostly owned by Xinhai McMoRan FCX, which owns 48.74 of PT Xinhai Indonesia PT FI, the principal operating subsidiary in Indonesia, including 9.36 owned through

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Why Investor Confidence is Low in Indonesias Mining Industry

Indonesia has seen a decline in the investment of mining in recent years, even though globalpanies rank the country highly in terms of coal and mineral prospects. Weary investores down to several factors, namely a continued reaction to the global energy and raw material market price slump, which hit its lowest in the

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Coal Authority GOV.UK

The Coal Authority works to resolve the impacts of mining. Coal Authority is an executive non departmental public body, sponsored by the Department for Business, Energy Industrial Strategy .

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Government Policies and Expat Employment in Indonesia

Why Investor Confidence is Low in Indonesias Mining Industry. Featured . Government Policies and Expat Employment in Indonesia. by Leighton Cosseboom March 14, 2017 0 2079. Photo by Wikimedia. The number of expat workers in Indonesia continues to decline this year due tomodity prices and the government tightening rules related to employing foreigners, according to a mid 2016 report

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Mining in protected forests government gives way to

The Indonesian Mining Association has urged the government to issue a presidential decree allowing mining in protected forests to back up the Perpu. The IMA's executive director, Paul Coutrier, said that it was the government's rightful decision topanies, but warnedpanies not permitted to resume operations may sue the government as they had strong grounds to do so.

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Economy of Indonesia

India's fortune groups like Vedanta Resources and Tata Group also have substantial mining operations in Indonesia. In 1998, the value of Indonesian gold and copper production was $1 billion and $843 million respectively. Receipts from gold, copper, andprised 84 of the $3 billion earned in 1998 by the mineral mining sector. With the addition of Alumina project that produces 5 of the

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Mining in Indonesia: Government May Revoke Troubled Mining

Indonesias Ministry of Energy and Mineral Resources may revoke the Mining Business Permit Izin Usaha Pertambangan, or IUP of 4,643 localpanies at the end of January 2015 aspanies still lack the clean and clear certificate CnC from regional authorities. This CnC certificate indicates that thepany has no outstanding royalty and other tax debts, fulfilled

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Mining in Indonesia Lexology

04/07/2019· Nevertheless, the government has entered into a number of bilateral investment treaties with the countries of origin of mining investors in Indonesia eg, India, Australia and South Korea and

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2019 Indonesian protests and riots

OverviewBackgroundDemandsProtestsReactionsSee also

A series of mass protests led by students took place at major cities in Indonesia from 23 September 2019, to rally against new legislation that reduces the authority of the Corruptionmission KPK, as well as several bills including a new criminal code that penalises extramarital sex and defamation against the president. The protesters consisted of mostly students from over 300 universities, and with no association with any particular political parties or groups. The protests were the most prominent student

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Indonesia: Mining regulations

The basis for the regulation of the Indonesian mining sector is ultimately derived from Constitution 1945 of the Republic of Indonesia, which stipulates that Indonesia's natural resources are to be controlled by the state and must be used for the maximum benefit of the Indonesian people. Law 11 of 1967 on Mining and its implementing regulations adopt this fundamental principle. Control has

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Bre X

Bre X was a grouppanies in Canada. Bre X Minerals Ltd., a major part of Bre X based in Calgary, was involved in a major gold mining scandal when it reported it was sitting on an enormous gold deposit at Busang, Indonesia in Borneo.Bre X bought the Busang site in March 1993 and in October 1995 announced significant amounts of gold had been discovered, sending its stock price soaring.

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Industrial Sector of Indonesia Indonesian Industry

Industrial Sector of Indonesia The industrial sector is the sector that currently contributes most to Indonesia's annual GDP growth . The two most important sub sectors of industry are mining and manufacturing, both being major pillars of the nation's economy since the 1970s, thus being engines of economic change and development during Suharto's New Order regime.

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Overview of Indonesias Mining Industry

In 2009 the Indonesian government carried a law that restricted the sale of raw ore out of the country. In 2014 the law took hold and the result was a calamitous shake up of the nickel, copper and gold industries. Presently the mining industry is working with the government topromise solutions to keep mining. There is light at the end of this tunnel as the majors have or are near

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