Miners have welcomed proposed changes to Indonesian mining rules under a new law...
JAKARTA - 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.
Indonesia is a top exporter of thermal coal, tin and nickel products, but overall mining investment dropped from 79 trillion rupiah in 2017 to 59 trillion rupiah last year, data from its investment board showed. “The draft is good for the investment climate in the mining sector because it is giving more legal certainty,” said Ido Hutabarat, chairman of the Indonesian Mining Association.
Hendra Sinadia of the Indonesia Coal Miners Association said the bill was a “positive step”, but more details were needed, including on the pricing of gas produced from coal. Dileep Srivastava, a director at Bumi, said the proposed legal revisions “would enable to progress its proposal forward” to the investment consideration.
Melky Nahar, the chief campaigner for the Mining Advocacy Network, said the bill is “a step backwards that is trapping Indonesia in a coal economy.”
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
These Gorgeous Eucalyptus Trees Grow Rainbow Bark, and There Are Some in the U.S.These tropical trees have roots in the Philippines, New Guinea, and Indonesia.
Les mer »
Is the Natural Boob Job the New Boob Job?In the elusive quest for the most natural-looking breast augmentation, women are turning to an unlikely source: their own fat stores.
Les mer »
Delta's credit card revamp makes its cards better than ever, and you can earn up to 100,000 miles with the current welcome bonuses — but only until April 1Delta revamped its lineup of co-branded Amex credit cards, and you can currently earn up to 100,000 miles with the limited-time welcome bonuses.
Les mer »
New Zealand PM Ardern sees 2020 growth slowing to 2-2.5% due to coronavirusNew Zealand Prime Minister Jacinda Ardern said on Monday that the country's...
Les mer »
BHP first-half profit jumps 39%The world's biggest miner, BHP Group, reported on Tuesday a 39% jump in hal...
Les mer »
EastEnders star Lacey Turner has revealed she has a new pet dogEastEnders star Lacey Turner has announced a new addition to her family. The news comes seven months after she welcomed her daughter Dusty...
Les mer »