By Ayman Falak Medina
Indonesia’s government made significant amendments to the country’s Mining Law as it aims to attract more downstream investment into the sector.
- As part of the amendments, the central government will now take control of the issuance of mining permits.
- The new law also introduces new business licenses for the mining of rocks and radioactive materials.
- Companies holding Contract of Work (CoW) and Coal Contract of Work (CCoW) licenses will get a guarantee extension in the form of a new business license.
In May 2020, Indonesia’s government made significant changes to the 2009 Mining Law through the issuance of Law no 3 of 2020 (Mining Law Revision), which aims to encourage more investment into the country’s downstream mining industry.