Miners have welcomed proposed changes to Indonesian mining rules under a new law...
JAKARTA - Miners have welcomed proposed changes to Indonesian mining rules under a new law aimed at boosting investment, though critics are concerned that the changes could underpin an expansion in polluting coal and threaten environment protection.
Indonesia is a top exporter of thermal coal, tin and nickel products, but overall mining investment dropped from 79 trillion rupiah in 2017 to 59 trillion rupiah last year, data from its investment board showed. “The draft is good for the investment climate in the mining sector because it is giving more legal certainty,” said Ido Hutabarat, chairman of the Indonesian Mining Association.
Hendra Sinadia of the Indonesia Coal Miners Association said the bill was a “positive step”, but more details were needed, including on the pricing of gas produced from coal. Dileep Srivastava, a director at Bumi, said the proposed legal revisions “would enable to progress its proposal forward” to the investment consideration.
Melky Nahar, the chief campaigner for the Mining Advocacy Network, said the bill is “a step backwards that is trapping Indonesia in a coal economy.”
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