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Indonesia has passed into law a controversial measure aimed at expanding the country's mining industry albeit seen to have socioenvironmental impacts. Jakarta Post reported on Friday that Indonesian President Joko "Jokowi" Widodo officially signed the Coal and Mineral Mining Law on June 10 despite the strong apprehension from civil society organizations, allegedly due to larger [.]
Nov 20, 2019· Indonesia's Constitution stipulates that Indonesia's natural resources are controlled by the state and must be used for the maximum benefit of the Indonesian people. Article 4, paragraph 2 of Law 4/2009 on Coal and Mineral Mining enables the government to exercise control over mineral mining .
Jul 28, 2020· The law amends Indonesia's 2009 legislation governing coal and mineral mining. The amendment is aimed at expanding the country's mining industry, but it has also met with some criticism over potential socioenvironmental impact, as well as lack of transparency. From the perspective of lawyers, the amendment is deserving of applause.
May 14, 2020· The revised mining law introduces broad-stroke changes to grow one of Indonesia's most economically significant industries.
Sep 27, 2019· Indonesia's parliament is rushing to pass a controversial mining bill by Sept. 30, when the current legislators' term ends. President Joko Widodo had previously asked for deliberations of this ...
Early in Jokowi's administration, Law No. 4/2009 on Mineral and Coal Mining, known as the 'New Mining Law,' was introduced. The idea was to boost export revenue for Indonesia's raw ores before shipping, which would be done through the growth of domestic refining and smelting facilities.
The global mining boom, occurring roughly between 2003 and 2013, caused a frenzy of mineral extraction across Indonesia's resource-rich regions including Kalimantan, Sulawesi, and Sumatra. During the boom years, Indonesia's central and regional governments enjoyed a huge boost in revenues as demand from China sent commodity prices soaring.
Prior to the 2009 Mining Law, CoW and CCoW were used as the legal framework for mining business activities in Indonesia. CoW and CCoW are contracts between the Indonesian government and Indonesian legal entities.
By Vincent Mariel P. Galang Reporter. THE Mines and Geosciences Bureau (MGB) said it is projecting the mining industry to grow next year, factoring in the priority mining projects in the pipeline, as well as increased prices for nickel ore due to the export ban in place in Indonesia, the top producer.
Jul 21, 2020· In May 2020, Indonesia's government made significant changes to the 2009 Mining Law through the issuance of Law no 3 of 2020 (Mining Law Revision), which aims to encourage more investment into the country's downstream mining industry. A major portion of the amendments relates to mining permits and their rights and obligations.
Omnibus Law is expected to be the answer to revising overlapping laws that obstruct investment and business in Indonesia. Mining is one of the sectors that receives attention from the enactment of this Omnibus Law. As one of the capital-intensive business sectors, the mining sector in the last two years has been considered sluggish.
Indonesia's House of Representatives has passed a long-awaited amendment to the Mining Law, which promises to introduce significant changes to the sector and how mining companies operate in .
Advances in Economics, Business and Management Research, volume 59 International Conference on Energy and Mining Law (ICEML 2018) Deep-Sea Mining Law in Indonesia: Challenges and Opportunities Dhiana Puspitawati International Law Department Faculty of Law Brawijaya University M alang, Indonesia [email protected] Abstract— This paper provides a preliminary review in regards to .
Mar 20, 2020· The Bill of Law Amendment No.4/2009 on Mineral and Coal Mining (RUU Minerba) had been proposed almost 5 years ago, on February 02, 2015, within the National Legislation Program 2015-2019. A long process on drafting bill and Problem Inventory List/DIM is considered not optimally yet to answer many obstacles in the mining sector.
"Welcome to the tenth edition of PwC Indonesia's 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.
Dec 03, 2019· One of the scopes in Omnibus Law is the law in Natural Resources sector-both in mining, plantation, and environment. In discussing what exactly Omnibus Law is and how the development process and efforts to synchronize Omnibus Law with regulations on the mining and natural resources sector, PWYP Indonesia held PWYP Knowledge Forum (PKF) last ...
May 13, 2020· Indonesia's parliament has passed a mining bill that activists say will lead to unbridled exploitation by a mining industry that already operates with impunity over environmental and social ...
Indonesia: Mining Laws and Regulations 2020. ICLG - Mining Laws and Regulations - covers common issues in mining laws and regulations – including the mechanics of acquisition of rights, foreign ownership and indigenous ownership requirements and restrictions, processing, beneficiation – in 28 jurisdictions.. Published: 02/10/2019
Jul 21, 2020· In May 2020, Indonesia's government made significant changes to the 2009 Mining Law through the issuance of Law no 3 of 2020 (Mining Law Revision), which aims to encourage more investment into the country's downstream mining industry. A major portion of the amendments relates to mining .
The Minister of Energy and Mineral Resources of Republic Indonesia enacted a new regulation on May 9th 2017, namely Energy and Mineral Resources Minister Regulation Number 34 Year 2017 concerning Licensing in the Field of Mineral and Coal Mining ("ESDM Reg. 34/2017").
Jul 28, 2020· Even as the international trend is to reduce coal use, Indonesia provides huge opportunities and facilities for companies through the new Minerals and Coal Mining Law to extend PKP2B contracts permitting companies to continue to mine up to about 35% of the total national coal quota per year. This translates to 206 million tonnes per year for 20 years, or 30 years if the coal mine .
Mining Law and Policy in Indonesia: Issues in Current Practice that Need Reform. June 2015; Journal of Energy & Natural Resources Law 19(4) DOI: 10.1080/02646811.2001.11433242.
Formerly, mining was regulated with Law No. 11 of 1967 on Basic Regulation on Mining ("Law No. 11 of 1967"). But with the highly development of mining, nationally and internationally, Law No. 11 of 19 ... Leks&Co is a boutique law firm, specializing in property and real estate law in Indonesia.
Law on Mineral and Coal Mining. In View Of: Article 5 paragraph (1), Article 20, and Article 33 paragraph (2) of the 1945 Constitution of the Republic of Indonesia. With the Agreement of: THE HOUSE OF REPRESENTATIVES OF THE REPUBLIC OF INDONESIA and THE PRESIDENT OF THE REPUBLIC OF INDONESIA DECIDES: To Confirm: THE LAW ON MINERALS AND COAL MINING
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