Indonesia amends mining law to boost access, support processing
Indonesia’s parliament on Tuesday passed a bill to revise the country’s mining law, aimed at boosting development of domestic mineral processing industries and regulating mining access for small businesses and religious groups.
The amendment seeks to encourage the participation of smaller-scale firms in mining and to ensure ore supply security for mineral processing industries, as resource-rich Indonesia seeks to further develop its domestic metals sector.
Indonesia is the world’s top nickel producer and thermal coal exporter and has rich deposits of tin, copper and bauxite, among other metals.
The amended law gives companies that aim to build processing facilities priority access to mining concessions, taking into account the size of their investment, the value addition and job creation.
Source: LIVEMINT
