Indonesia Issues Regulations To Allow Mining Licensing -Official

From:

By Deden Sudrajat

JAKARTA -(Dow Jones)- Indonesia has issued two regulations that will allow investors to start applying for mining permits and for the government to tender mining areas under the Mining Law passed in December 2008, a government official said Friday.

"The most important thing about the two (regulations) is that mining companies can start operations," Bambang Gatot Ariyono, director of coal and mining business at the Ministry of Energy and Mineral Resources, told reporters.

Investors have mostly been deferring their planned investments under the new law while awaiting clear regulations.

DOW/Indonesia Issues Regulations To Allow Mining Licensing -Official