Rabu, Februari 1, 2012

Work Contract to be Amended

To address public demand that work contract (“kontrak karya”) with mining companies be amended, the government recently issued Presidential Decree No. 3 of 2012 on the Evaluation Team for Adjustments to Work Contract and Coal Mining Business Agreements (“Decree”). The Decree was issued to establish a team to evaluate and coordinate adjustments to work agreements and coal mining business agreements in accordance with Law No. 4 of 2009 on Minerals and Coal Mining (“Law No. 4”), in order to optimize national interests.

The First Section of the Decree stipulates the membership of the Evaluation Team. The Evaluation Team consists of:

•	The Coordinating Minister for Economic Affairs (Chairman and Member);
•	The Minister of Energy and Mineral Resources (Chairman of day to day operations and Member);
•	The Minister of Finance (Member);
•	The Minister of Interior Affairs (Member);
•	The Minister of Law and Human Rights (Member);
•	The Minister of Industry (Member);
•	The Minister of Trade (Member);
•	The Minister of Forestry (Member);
•	The Minister of State Owned Companies (Member);
•	The Cabinet Secretary (Member);
•	The Attorney General of the Republic of Indonesia (Member);
•	The Chairman of the Finance and Development Supervisory Agency (Member);
•	The Chairman of the Indonesia Investment Coordinating Board (Member); and
•	The Directorate General of Minerals and Coal (Secretary).

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The First Section of the Decree stipulates the membership of the Evaluation Team. The Evaluation Team consists of:

•	The Coordinating Minister for Economic Affairs (Chairman and Member);
•	The Minister of Energy and Mineral Resources (Chairman of day to day operations and Member);
•	The Minister of Finance (Member);
•	The Minister of Interior Affairs (Member);
•	The Minister of Law and Human Rights (Member);
•	The Minister of Industry (Member);
•	The Minister of Trade (Member);
•	The Minister of Forestry (Member);
•	The Minister of State Owned Companies (Member);
•	The Cabinet Secretary (Member);
•	The Attorney General of the Republic of Indonesia (Member);
•	The Chairman of the Finance and Development Supervisory Agency (Member);
•	The Chairman of the Indonesia Investment Coordinating Board (Member); and
•	The Directorate General of Minerals and Coal (Secretary).

......