Indonesia:
Amendments to Mining Business Regulation
21 February 2013
Makarim & Taira S.
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The Minister of Energy and Mineral Resources recently issued
Regulation No. 24 of 2012 ("Regulation
24") amending his Regulation No. 28 of 2009 on
Organizing Coal and Mineral Mining Businesses. The main concerns of
Regulation 24 are (i) the classification of core mining business
activities and non-core mining activities; (ii) the amendment to
the requirement for IUP and IUPK holders to do their own mining,
processing and mineral purifying; and (iii) mining business
classifications.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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