New book ‘102 Things to Do with a Hole in the Ground‘ spotlights global reclamation projects
Stories of reinvented coal mining regions, regenerated communities and rebuilt ecosystems are told in a new book published this month.
State holding company Mining Industry Indonesia will acquire a 20% stake in Vale Indonesia for $500 million by June, 2020, the state miner’s acting chief executive said on Friday.
“The conditional share purchase agreement is expected in mid-December, the conclusion depends on conditions, but is targeted no later than June 2020,” Ogi Prastomiyono told reporters.
Under Indonesian mining rules, foreign controlled miners are required to reduce their ownership to 49% or below within 10 years of starting operations.
(By Wilda Asmarini and Tabita Diela; Editing by Ed Davies)
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