The Indonesian Government’s new Bill for Mineral and Coal Mining (Mining Law) was developed with the intention of extracting the most value from Indonesia’s natural resources for the nation, according to Wood Mackenzie. Its introduction into Indonesia’s legal system provides a framework for the future of the nation’s mining industry. The new Mining Law opens the doors for foreign ownership through the introduction of a new permit-styled system although grey areas within the law in regards to divestment, production control and fiscal terms are creating a wave of uncertainty for current and prospective industry players. (more…)
