Indonesian Mining World Indonesia Limits Foreign Ownership Of Mines F

Indonesian Mining World Indonesia Limits Foreign Ownership Of Mines F

  • Indonesia limits foreign ownership of mines

    7-3-2012· A previous decree had put a higher threshold of 80 per cent on foreign ownership. “There’s no question that this could increase the regulatory risks for new entrants,” said one mining analyst. Miner Freeport-McMoRan, which runs the world’s second-largest copper mine at Grasberg, Indonesia, will not be immediately affected by the new decree.

  • Indon limits foreign mine stakes to 49% 9Finance

    8-3-2019· Indon limits foreign mine stakes to 49%. By AAP. Freeport McMoRan Copper & Gold holds just over 90 per cent of Grasberg mine, and the rest is owned by the Indonesian government. The new limit for foreign ownership would be 49 per cent and

  • Indonesia limits foreign mine stakes to 49 percent

    8-3-2012· Indonesia drew up to $20 billion foreign direct investment last year, and it has one of the world's largest gold and copper mines, Grasberg in Papua province. Freeport McMoRan Copper & Gold holds just over 90 percent of Grasberg mine, and the rest is owned by the Indonesian government.

  • Mining in Indonesia PwC

    Mining in Indonesia Tax and Investment Guide 1 Overview of the Indonesian Mining Industry Indonesia continues to be a significant player in the global mining industry with significant production of coal, copper, gold, tin and nickel. Indonesia also remains among the world’s largest exporters of

  • Indonesia gains majority ownership of giant

    11-9-2018· Foreign investors with ownership greater than 49 percent were required to sell shares to state-owned enterprises or privately owned Indonesian companies. The mine in Papua, where a separatist movement simmers, has been the target of protests by Papuans who resent the region’s mineral wealth being exploited by the U.S. and Indonesia.

  • Indon Mining 9Finance Business News, Finance,

    Indon Mining 9Finance Business News, Finance, Shares & Investing. News; miners Newcrest and Kingrose say their projects in Indonesia will not be affected by the nation's new rules to limit foreign ownership of mines. Indon limits foreign mine stakes to 49%. Indonesia says foreigner investors will have to reduce their stakes in

  • Grasberg mine Wikipedia

    The Grasberg mine is the largest gold mine and the second largest copper mine in the world. It is located in the province of Papua in Indonesia near Puncak Jaya, the highest mountain in Papua. It has 19,500 employees.

  • Country: Indonesia
  • Indonesia stands ground with foreign miners

    9-3-2012· Mining makes up 11.9 percent of the economy in Indonesia, the world’s top exporter of thermal coal and tin, and foreign investment in mining in the sector topped $2.2 billion in 2010. Under the rules, Southeast Asia’s top economy will require foreign companies to sell down stakes in mines and increase domestic ownership to at least 51 percent by the 10th year of a mine’s production.

  • UPDATE 7-Indonesia changes rules on foreign

    7-3-2012· JAKARTA, March 7 (Reuters) Indonesia will take more of the profits from its vast mineral resources by limiting foreign ownership of mines in a move likely to scare off new investment in the world’s top exporter of thermal coal and tin. Under new rules announced on the mining

  • Foreign Investment and Company Living in

    The percentage of the allowed foreign ownership of a company in Indonesia depends on its business activities and is regulated by the Negative Investment List (DNI Daftar Negatif Investasi). Foreign investors can set up wholly foreign-owned enterprises in many business lines, for example in

  • Economy of Indonesia Wikipedia

    In 2010, according to a World Bank report, Indonesia was among the world's top ten remittance-receiving countries with a value totalling $7 billion. In May 2011, six million Indonesian citizens were working overseas, 2.2 million of whom reside in Malaysia and another 1.5 million in Saudi Arabia. Foreign economic relations

  • Foreign Investment Business Guide Indonesia

    13-7-2015· There are two legal entities that are permitted for foreigners in Indonesia: (1) a foreign investment limited liability company (in Indonesian: Perseroan Terbatas Penanaman Modal Asing, or, PT PMA), and (2) a representative office (in Indonesian Kantor Perwakilan Perusahaan Asing, or, KPPA).

  • Mining in Indonesia Investment and Taxation Guide PwC

    PricewaterhouseCoopers Indonesia 5 Indonesia’s overall mining production levels increased during 2009, with the exception of nickel and tin. Following the upturn in the global economy in late 2009 and early 2010 and a general increase in metal prices over this period, the level of investment interest in the Indonesian mining sector is

  • Business Regulations in Indonesia

    Foreign Investment in Indonesian Real Estate. Indonesia’s Agrarian Law provides that foreigners can only acquire a right to use (hak pakai) title for land if they reside in Indonesia. This update takes stock of the current legal framework governing foreign investment in Indonesian real estate and provides an overview of the expected challenges.

  • Coal Mining in Indonesia Indonesian Coal

    The Indonesian coal industry is rather fragmented with only a few big producers and many small players that own coal mines and coal mine concessions (mainly in Sumatra and Kalimantan). Since the early 1990s, when the coal mining sector was reopened for foreign investment, Indonesia witnessed a robust increase in coal production, coal exports and domestic sales of coal.

  • Freeport to Give Up Majority Stake in Indonesia’s

    30-8-2017· JAKARTA, Indonesia—U. S. mining company Freeport-McMoRan Inc. will give up its majority stake in the giant Grasberg copper and gold mine, in a significant step toward ending a long dispute with Indonesia, dropping from 90.64% ownership to 49%. The agreement, announced by Indonesian and Freeport

  • INDONESIA Freeport-McMoRan

    Through its subsidiary, PT Freeport Indonesia (PT-FI), FCX mines one of the world’s largest copper and gold deposits in the Grasberg minerals district in Papua, Indonesia. In addition to copper and gold, PT-FI produces silver. PT-FI operates in the remote highlands of the Sudirman Mountain Range in the province of Papua, Indonesia, which is

  • Sand iron mining in Kulonprogo, Java, Indonesia

    Kulon Progo’s iron sand mining project, a joint venture between Australia’s Indo Mines Limited and Indonesia’s Jogja Magasa Mining, began in 2007 on a sliver of land owned by the Sultan of Yogyakarta. But many local residents opposed this first pilot phase of the project.

  • Indonesia takes majority stake in Freeport

    29-8-2017· Indonesia had stopped exports from the mine in January after saying it wanted foreign mining companies to pay higher royalties and to sell a 51 per cent stake in their assets to local owners. Copper exports were resumed in April, but a month later workers went on strike at the mine after Freeport laid off 10 per cent of the workforce.

  • Mining in Indonesia Lexology

    As one of the largest producers of nickel in the world, Indonesia has benefited from an increase in investment in nickel mining. An IUPK holder is permitted to mine in a special mining business licence area that is located in a state reserve. Are there any foreign ownership restrictions in your jurisdiction relevant to the mining industry?

  • Indonesia takes majority stake in Freeport

    29-8-2017· Indonesia had stopped exports from the mine in January after saying it wanted foreign mining companies to pay higher royalties and to sell a 51 per cent stake in their assets to local owners. Copper exports were resumed in April, but a month later workers went on strike at the mine after Freeport laid off 10 per cent of the workforce.

  • Indonesia Individual Income Tax Guide Deloitte

    Indonesia Individual Income Tax Guide 1 Indonesia Individual Income Tax departure from Indonesia. An Indonesian national is considered a tax resident from birth foreign tax returns, asset ownership certificate, etc. Documents shall be maintained for a minimum period of 10 (ten) years.

  • Mining in Indonesia Lexology

    As one of the largest producers of nickel in the world, Indonesia has benefited from an increase in investment in nickel mining. An IUPK holder is permitted to mine in a special mining business licence area that is located in a state reserve. Are there any foreign ownership restrictions in your jurisdiction relevant to the mining industry?

  • Indonesia Corruption Report GAN Integrity

    Corruption limits the judicial system’s professionalism and objectivity; (91st out of 109) of the world’s mining countries in the Fraser Institute’s Mining Policy Perception Index (ICS “Comment: How Indonesia is Cracking Down on Coal Mine Corruption”, 16 February 2016. World Economic Forum: Global Competitiveness Report 2015

  • Lady Gaga not the only one turned off by Indonesia

    29-5-2012· Investors are selling Indonesian stocks, and the country’s currency, amid concerns over demands that foreigners cede some control of over mines and banks. Indonesia’s new assertiveness may be backfiring. Whether or not Indonesia hosts Lady Gaga’s world tour may have little direct connection with foreign direct investment.

  • Indonesia: Does the new government mean

    Jokowi will still be able to launch pro-investment reforms, including some moderate changes to the negative investment list to relax foreign ownership restrictions. We expect Jokowi to maintain his focus on supporting domestic downstream industries in the oil and gas, mining and agriculture sectors at the expense of upstream businesses.

  • LAND OWNERSHIP AND FOREIGNERS Home Food and

    Land Ownership and Foreigners A Comparative Analysis of Regulatory Approaches Page iii FAO Legal Papers Online December 1999 Moreover, while every effort has been made to refer to the most recent accessible information on the subject, it has not always been possible to ensure that the legal situation described for a

  • Indonesia’s Year of Dithering Dangerously The

    18-12-2018· Foreign mining companies must divest majority ownership within 10 years of commencing smelters conditions that run directly counter to commercial viability. Widodo’s move to nationalize PT Freeport Indonesia (the world’s largest gold mine and second-largest copper which imposes foreign-ownership ceilings on varied

  • Kementerian ESDM RI Site

    Kementerian ESDM Geliatkan Nilai Tambah Sumber Daya Alam. KEMENTERIAN ENERGI DAN SUMBER DAYA MINERAL REPUBLIK INDONESIA SIARAN PERS NOMOR: 011.Pers/04/SJI/2020 Tanggal: 4 Januari 2020 Kementerian ESDM Geliatkan Nilai Tambah Sumber Daya Alam Pengelolaan Sumber Daya Alam (SDA) yang ada di Indonesia sudah semestinya memberikan nilai tambah

  • CHARTS: Here are the top 10 foreign land owners

    7-9-2016· The British still own Australia when it comes to agricultural land, according to a national survey of foreign-owned farmland. The Register of Foreign Ownership of Agricultural Land was prepared by the Turnbull government in response to growing concerns about Chinese investment in Australia’s agriculture sector.