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Coal Miners welcome Indonesia’s New Jobs Bill

Coal News - Published on Thu, 20 Feb 2020

Image Source: Coal Indonesia
Reuters reported that Indonesian coal 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. Indonesian Mining Association chairman Mr Ido Hutabarat said “The draft is good for the investment climate in the mining sector because it is giving more legal certainty. If the permit extension can be done for as long as the life span of the mine, the massive investment into down streaming can be realized because lenders will also have more security for their loans.”

President Joko Widodo’s sprawling Job Creation bill seeks to change about 80 laws affecting many business sectors, including mining, in order to fix rules deemed cumbersome for investors. The measure would replace current rules that would limit the size of coal mines to 15,000 hectares (37,000 acres) and other mineral mines to 25,000 hectares when miners convert their contracts to a new license. The bill would also allow miners to receive an initial 30-year mining permit that could be extended periodically for as long as the mine’s lifespan but only if the miner invests in downstream ore smelting or coal gasification projects.

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Posted By : Yogender Pancholi on Thu, 20 Feb 2020
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