Feb 08, 2016 Challenges. The country is dealing with restrictive mining legislation enacted during a period of low mineral prices. In 2009 the Indonesian government carried a law that restricted the sale of raw ore out of the country.
Capital: JakartaMining in Indonesia Tax and Investment Guide 1 Overview of the Indonesian Mining Industry Indonesia continues to be a significant player in the global mining industry with significant production of coal, copper, gold, tin and nickel. Indonesia also remains among the world’s largest exporters of
May 24, 2016 Small-scale gold mining began to take hold in Indonesia after the 1998 fall of Suharto, its longtime military ruler, and has flourished in an ensuing era of lax governance.
Since the start of this year, the Indonesian government has made moves to implement two pieces of legislation that are likely to have a significant impact on transactions in the mining sector. Unlike the previous rules and regulations much discussed in the sector that were sector specific and ...
Environmental issues in Indonesia are associated with the country's high population density and rapid industrialisation, and they are often given a lower priority due to high poverty levels, and an under-resourced governance.
Indonesia. Some new challenges in the mining sector have emerged during the last couple of years and foreign investors investing in Indonesia are strongly recommended to seek professional legal advice from advisors who are familiar with the Indonesian mining sector with on the ground Indonesian experience. HFW has Indonesian qualified and
Nov 12, 2014 The case of Newmont Mining vs Indonesia is a powerful example of how investment agreements are used by companies to get exemptions from government regulations and legislation, undermining democracy and development. In July 2014, Newmont Mining Corporation brought a case against Indonesia using the ...
Jul 25, 2017 * Freeport would stop Indonesian spending plan of $700 million in 2017, $750 million in 2018 on Grasberg block cave, if "unexpectedly" unable to reach agreement -Adkerson * Freeport remains focused on getting Indonesia agreement this year, gov't has objective to resolve issue 'we just haven't seen in the past' - CEO Adkerson
Aug 26, 2015 Indonesia: new challenges for payment streams in the mining sector ... mining and commodity sector and in light of the importance of the mining sector to Indonesian economy –
Author: Brian Scott, Irina AkentjevaMining and development in Indonesia: an overview of the regulatory framework and policies ... and policies which govern mining and development in Indonesia. This research project is ... Indonesian regulatory frameworks and policies and analyses their implications mining for and current development issues.
Dec 16, 2016 The political aspect has become very heavy here," said Hakim, who was appointed last month as Freeport Indonesia's new chief executive. Hakim, 69, a keen saxophonist who holds Indonesian skydiving records, first saw the area where Freeport's giant Papua mine is located from the pilot's seat of a C-130 Hercules in the 1970s.
Netherlands – Indonesia Bilateral Investment Treaty rolls back implementation of new Indonesian mining law Newmont Mining Law No. 4/2009 on Mineral and Coal Newmont is one of the world’s biggest mining companies, producing mainly gold. Headquartered in the United States, Newmont is active in Australia, Peru, Indonesia,
Mar 31, 2017 Foreigners Have Long Mined Indonesia, but Now There’s an Outcry Image An open-pit mine at Freeport-McMoRan’s Grasberg copper and gold mine complex in Indonesia’s Papua Province.
The ICLG to: 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 29 jurisdictions.
Sep 06, 2010 New Indonesian Environmental Law : New Challenge for Mining Industry. On October 2009, President Yudhoyono ratified Law of The Republic Indonesia Number 32 Year 2009 Regarding Environmental Protection and Management.
Mining Indonesia 2019 is Asia’s largest international mining equipment exhibition and provides a professional platform for Indonesia’s mining industry to do business. Will be held 18 - 21 September 2019 at Jakarta International Expo Kemayoran, Jakarta, Indonesia
Newmont Mining said that it would sell its stake in an Indonesian copper and gold mine for $920 million and contingent payments of up to $403 million.
The Papua conflict is an ongoing conflict between the Indonesian government and portions of the indigenous populations of Western New Guinea (Papua) in the Indonesian provinces of Papua and West Papua on the island of New Guinea in which the Indonesian government has been accused [by whom] of conducting a genocidal campaign against the indigenous inhabitants.
Despite various incentives and programmes being offered to boost development of low income mass housing, the Indonesian housing sector is still unable to keep pace with the growing population and demand. Indonesia needs around 400,000 new homes every year in addition to the massive housing backlog of 13.5 million units.
Oct 19, 2011 President Suharto, who is now recognised as one of the most corrupt and tyrannical leaders in history, renewed Freeport-Indonesia's exclusive mining rights in 1991 for a
The country was the only South East Asian member of OPEC until 2008 and continues to be a major liquid natural gas (LNG) exporter. In energy and mining, Indonesia is the world’s leading thermal coal exporter, the largest tin exporter and home to vast deposits of precious metals such as
The Sebuku coal mine is an open cut truck and shovel coal-mining operation located on the tiny and remote island of Sebuku, in the province of South Kalimantan, Indonesia. It is owned and operated by the Straits Resources Singapore-listed subsidiary Straits Asia Resources. Sebuku Island is a remote ...
Located in central Asia, Centerra Gold’s Kumtor Mine is located in the Tien Shan Mountains about 60kms north of the border with the Peoples Republic of China. The open pit mine is a world class gold producer and there are plans to further develop this extraordinary ore body with a new underground mine facility.
The Papua conflict is an ongoing conflict between the Indonesian government and portions of the indigenous populations of Western New Guinea (Papua) in the Indonesian provinces of Papua and West Papua on the island of New Guinea in which the Indonesian government has been accused [by whom] of conducting a genocidal campaign against the indigenous inhabitants.
Oct 19, 2011 President Suharto, who is now recognised as one of the most corrupt and tyrannical leaders in history, renewed Freeport-Indonesia's exclusive mining rights in 1991 for a
The Sebuku coal mine is an open cut truck and shovel coal-mining operation located on the tiny and remote island of Sebuku, in the province of South Kalimantan, Indonesia. It is owned and operated by the Straits Resources Singapore-listed subsidiary Straits Asia Resources. Sebuku Island is a remote ...
Mar 07, 2012 Indonesia's new mining law is aimed at generating more funds for government from the mining sector, the energy and minerals minister said on March 7, 2012. The law announced on the energy ministry ...
Dec 16, 2016 High-flying Freeport CEO steers towards new Indonesia mining deal. Reuters. Dec. 16, 2016, 1:03 AM ... a foreign legal counsel and expert on Indonesian mining issues.
CHALLENGES OF DOING BUSINESS IN INDONESIA 7 1. Impact of Indonesian society and culture on business Indonesia is arguably Southeast Asia’s most traditional culture. For foreign investors, it is easy to lose sight of this fact in modern day Jakarta with its skyscraper lined streets and glossy shopping
The country was the only South East Asian member of OPEC until 2008 and continues to be a major liquid natural gas (LNG) exporter. In energy and mining, Indonesia is the world’s leading thermal coal exporter, the largest tin exporter and home to vast deposits of precious metals such as
Located in central Asia, Centerra Gold’s Kumtor Mine is located in the Tien Shan Mountains about 60kms north of the border with the Peoples Republic of China. The open pit mine is a world class gold producer and there are plans to further develop this extraordinary ore body with a new underground mine facility.
The research report of Indonesia Investments is a monthly report written and published by Van Der Schaar Investments B.V. The report informs the reader of key political, economic and social developments that occur in Indonesia and also touches upon those key international events that impact on Indonesia.
Changes to Indonesian Mining Law – Peter Church Mitchell Brown, AFG Venture Group. AFG Venture Group has been working closely with the leading law firm of Blake Dawson to which our Chairman, Peter Church is Special Counsel in relation to the interest of Indian companies in the resource sectors of Australia and Indonesia.
Mining Global provides latest mining news, a monthly mining magazine and a mining website for companies, associations and mining executives globally.
products, plantations, forestry and logging, coal and lignite mining, oil, natural gas and geothermal mining. Tax holidays Indonesia offers a tax holiday for new domestic or foreign investment in specified business sectors (pioneer industries). The regime grants beneficial tax treatment to projects in high priority sectors i.e.
The mining industry has always faced major challenges across the world – maybe because it is a very old industry (going back to prehistoric times), which can be viewed in a good and in a bad way: the mining industry has a strong history, but it could also be said that it does not have a good reputation within this history.
Sep 18, 2018 Indonesia has laid out new rules for commodities exporters to guarantee funding for shipments through Indonesian banks or branches of foreign banks in the country. ... Indonesia issues new
Doing business in Indonesia 8. Economic Structure and Growth The major economic sector in ... comes from oil and gas mining. Indonesia proved less exposed to the recent global recession ... one of the challenges for the Indonesian government in attracting foreign investment in Indonesia. Currently,
Mining Global provides latest mining news, a monthly mining magazine and a mining website for companies, associations and mining executives globally.
Sep 18, 2018 Indonesia has laid out new rules for commodities exporters to guarantee funding for shipments through Indonesian banks or branches of foreign banks in the country. ... Indonesia issues new
Apr 26, 2019 Established in 1908, Australian Mining magazine keeps you informed on the latest news and innovation in the mining industry - Mining News
Changes to Indonesian Mining Law – Peter Church Mitchell Brown, AFG Venture Group. AFG Venture Group has been working closely with the leading law firm of Blake Dawson to which our Chairman, Peter Church is Special Counsel in relation to the interest of Indian companies in the resource sectors of Australia and Indonesia.
Apr 25, 2016 Despite the dilemmas in recent years, which continue to persist, emerging trends in the mining industry may offer solutions — or at least opportunities for improvement industry-wide.
Mar 01, 2017 In January, Indonesia relaxed regulations on the export of unprocessed ores, but also required some mining companies to change their operating licenses — most notably U.S.-based Freeport-McMoRan ...
The Indonesian LLC (Perseroan Terbatas) is the most commonly type of business entity used by locals to do business in Indonesia. An Indonesian PT requires i) a minimum of one director, two local Indonesian shareholders and one Commissioner. The commissioner can be a non-resident individual.
The mining industry has always faced major challenges across the world – maybe because it is a very old industry (going back to prehistoric times), which can be viewed in a good and in a bad way: the mining industry has a strong history, but it could also be said that it does not have a good reputation within this history.
Aug 20, 2015 Since the early 1990's Indonesian coal mining in Indonesia has grown dramatically. The World Coal Institute estimates that in 2008 Indonesia mined 246 million tonnes of coal with just over 200 millions tonnes of this exported. 2008 coal exports comprised 173 million tonnes of steam coal and 30 million tonnes of coking coal. In 2009, Indonesia was the world's second largest coal exporter
Through its subsidiary, PT Freeport Indonesia (PT-FI), FCX mines one of the world’s largest copper and gold deposits in the Grasberg minerals district in Papua, Indonesia. In addition to copper and gold, PT-FI produces silver. PT-FI operates in the remote highlands of the Sudirman Mountain Range in the province of Papua, Indonesia, which is on the western half of the island of New Guinea.
With only about 6% of its geothermal potential having been developed, Indonesia faces challenges in the further development of its resources. This and more are key topics of the International Indonesia Geothermal Conference Exhibition in Jakarta, August 2-4, 2017.
The Today's Headlines section of Indonesia Investments is an almost daily updated section which contains the latest information with regard to topics that are currently causing headlines in Indonesia's media. Most of our headlines will cover political, economic and social matters. As a consequence of their recent nature, these topics may not have crystallized fully yet and can, therefore, lack ...
Feb 10, 2017 JAKARTA, Feb 10 (Reuters) - Indonesia has issued a new mining permit for the local unit of Freeport McMoRan Inc , government officials said on Friday, signalling the possible end to