Iradat to lose concession

Iradat to lose concession

JAKARTA (JP): PT Iradat Puri, the holder of a forest concession in Central Sulawesi, is unlikely to have its permit extended because it no longer operates, Director General of Forest Utilization Titus Sarijanto says.

Titus was quoted by Antara as saying that Iradat Puri's concession was due to expire in several months and after that, since it was inactive, it was unlikely to be extended.

The province's forestry office last week asked the minister of forestry to revoke the company's concession because it had "violated many rules", including failing to pay forest royalties and reforestation funds.

Iradat Puri's forest concession has a potential of 101,000 to 162,000 cubic meters of timber per year. (pwn)