This 'resource nationalism' promulgated through the 2009 Mining Law, has consequences for foreign investors as it contains an accelerated divestment requirement (within ten years from commercial operations, the mining company should be majority-owned by Indonesian stakeholders). Updated on 13 October 2015

Through its subsidiary, 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. FCX has a 48.76 percent interest in PT-FI and manages its mining operations. PT-FI's results are consolidated in FCX's financial statements.

Metal Mining: Foreign Investment More Necessary than Ever. Indonesia is a leading producer and exporter in a wide range of industrial metals and is home to the world's largest gold mine. As the government aims to encourage investment in the downstream segment, this section looks at the opportunities for investors.

investors in the mining industry in Indonesia. However, it has become evident in the seven years since its promulgation, that the Government has had a difficult task in balancing the interests of investors seeking to invest in Indonesia's highly prospective mining industry with …

Six of the top 10 palm oil conglomerates in Indonesia have coal mining businesses, and five of the top 10 coal miners have oil palm businesses, a new report shows. ... Banks and investors …

We welcome you to the 11th edition of the PwC Indonesia "Mining in Indonesia: Investment and Taxation Guide" released in June 2019, which highlights the key regulatory and taxation considerations for investors in the Indonesian mining sector - a sector which continues to be a key contributor to Indonesian economic growth.

Inside Jeff Bezos' first investment in Indonesian e-commerce Bitcoin mining giants Bitdeer, Riot Blockchain in Rockdale, Texas Delta mutation is no reason to panic, scientists say

During the lucrative 2000s commodities boom many new coal mining companies were established in Indonesia while existing coal miners raised investment to expand production capacity. This caused a severe supply glut that was exacerbated by coal miners' eagerness in the years 2010-2013 to produce and sell as much coal as possible - amid low global ...

3 Indonesia's Constitutional Court ruled last week that guaranteeing mining permit extensions was unconstitutional and that a part of the 2020 mining law would be revised. ... The 2020 mining law was aimed at boosting investment in the country's rich mineral resources sector and contained a clause whereby the operating licences of mining ...

Churchill Mining and its Australian subsidiary Planet Mining claimed that Indonesia had unlawfully revoked mining licenses and began international investment arbitration cases against the Government of Indonesia in 2012. Both claims rely on UK-Indonesia and Australia-Indonesia bilateral investment …

The Executive Director of the Indonesian Mining Association, Syahrir Abubakar, begged to differ: "I'm sure foreign investors will not invest in the mining sector anymore in Indonesia. This policy will threaten Indonesia's mining investment climate."

Mining in Indonesia: Investment and Taxation Guide 9 Although the Government has stated that these regulations were determined by considering the purchasing power of the community, with a view to increasing the competitiveness of the industry with respect to electricity prices, many commentators believe that the real reason ...

The Mining Law provided that mining for minerals and coal in Indonesia was a permitted area of foreign investment, subject to an obligation on the foreign shareholder to progressively divest its shareholding to a minority stake over time.

Mining in Indonesia: Investment and Taxation Guide 9 Although the Government has stated that these regulations were determined by considering the purchasing power of the community, with a view to increasing the competitiveness of the industry with respect to electricity prices, many commentators believe that the real reason ...

BUMA. PT Bukit Makmur Mandiri Utama, or often called BUMA, was established in 1998, and is currently the second largest independent coal mining contractor in Indonesia. BUMA was established as a family business, and was acquired by Delta Dunia in 2009, turning it into a professionally-run corporate. It currently holds around 20% market share by ...

9 The 2020 mining law was aimed at boosting investment in the country's rich mineral resources sector and contained a clause whereby the operating licences of mining …

In 2020, the foreign direct investment in mining and quarrying in Indonesia amounted to approximately two billion U.S. dollars. Indonesia is one of the world's largest producers of mineral ...

Clariden Global is pleased to present the 2nd Annual Indonesia Mining 2013 conference as a key platform for mining industry stakeholders to work towards managing critical regulatory and operational constraints into 2013, identifying available long term opportunities as well as improving security of investments amidst this period of uncertainty.

The event that was held on 7 October ago was providing a live interactive discussion with prominent speakers from government officials to elaborate Indonesia...

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

The largest nickel mining companies in Indonesia PT Vale operation in Sorowako, Indonesia. Established in July 1968, PT Vale Indonesia Tbk (PT Vale) is a company with a license from the Government of Indonesia to explore, mine, process and produce nickel.

Indonesia's mining giants race to adapt as investors cool on coal. JAKARTA -- Indonesia's mining giants are piling into coal gasification projects as …

The case of Churchill Mining v. Indonesia raised the question of whether an investor can be denied access to investment arbitration based on its failure to comply with the due diligence requirement in relation to business relations with local partners. The tribunal found that that the claims were effectively "based on documents forged to ...

Indonesia continues to be a significant player in the global mining sector specially production in coal, copper, gold, tin, bauxite, and nickel. Indonesia also one of the world's largest exporters of thermal coal. There has been limited investment in mining in recent years, and particularly limited investment in greenfield projects.

Investors should wait for the implementing regulations, which will provide the timing of the divestments. The government took 51 percent control of PT Freeport Indonesia shares, the principal operating subsidiary of mining giant Freeport-McMoRan, in 2018 from 9.36 percent previously in a US$3.5 billion dollar deal.

Gain/Loss 29 Mar 2021. Gain/Loss YTD. Mining Index. -0.69%. -10.50%. Jakarta Composite Index. -. -. The table above compares the share performance of the company with the performance of the benchmark Jakarta Composite Index on the last trading day as well as year-to-date (YTD)

Nov 1 (Reuters) - Indonesia's new wealth fund has pledged an investment of $500 million to $800 million in Mitratel's initial public offering, Bloomberg News reported bloom.bg/3nOfyaV, citing a deputy minister. The fund, Indonesia Investment Authority, will enter as an anchor investor through common bookbuilding without privilege, the report ...

13 Indonesia court ruling on mining law won't deter companies extending licences -miners' group. JAKARTA, Nov 1 (Reuters) - Indonesian coal miners said on Monday that a Constitutional Court ruling last week removing guarantees on mining contract extensions won't put them off applying to extend their licences. Indonesia's Constitutional Court ruled ...

Foreign direct investment has increased from $10 billion in 2003 to $76 billion in 2012; Low royalty rate of 1% on gold; Recognized mining code that is understood; and; Large number of public and private gold companies in the surrounding area, making it a great jurisdiction to consolidate.

Netherlands – Indonesia BIT rolls back implementation of new Indonesian mining law. 12 November 2014. Policy briefing. 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. Authors.