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Kartini L Makmur, Robert Sidauruk
The Ministry of Energy and Mineral Resources (ESDM) has admitted that the contract renegotiation process between the Government and 112 mining companies is behind target as discussions between the related parties on several key points of the new contract continue to be intense.
“The contract renegotiation process is scheduled to be completed within this year,” said Jero Wacik, Minister of ESDM in Jakarta last Friday.
Mr. Wacik explained that of the 112 mining companies targeted to renegotiate their contracts, only 25 have officially accepted the new contract. These 25 companies are exclusively mineral mining companies with coal mining companies yet to agree to the new contract.
Mr. Wacik further informed that high-profile mining companies such as PT Freeport Indonesia and PT Newmont Nusa Tenggara have not signed the new contract.
Despite the current circumstances, Mr. Wacik claims that the Government has made its best efforts in the renegotiation process and promising progress has been made with 17 other mining companies going to enter the new contract in near future.
“There has been some progress on the contract renegotiation process as there are another 17 companies that have agreed to it,” added Mr. Wacik.
According to Mr. Wacik, most of the mining companies do not mind the new provisions on land expansion or mandatory use of domestic products. However, when it comes to provisions on divestment and royalties, the negotiation processes is proving more challenging.
“Some mining companies are yet to agree with the provisions on divestment and royalties,” said Mr. Wacik.
Commenting on the renegotiation process, Marwan Jafar, lawmaker from Commission V at the House of Representatives, urged the Government to complete the whole renegotiation process without any further delay.
Mr. Jafar also contends that the Government must be assertive as a regulator and pressure high-profile mining companies to sign the new contract.
“This whole contract renegotiation process is mandated by the Mining Law [Law No. 4 of 2009 on Mineral and Coal Mining],” added Mr. Jafar.
In relation to idea of increasing royalty fees under the new contract, Mr. Jafar sees this as just Government policy. However, he also reminded the Government that it must act transparently when collecting and managing royalty fees from mining companies.
“The Government must raise the royalty fee but transparency in mining management and clear working areas is a must,” concluded Mr. Jafar.
(hot/kc)
The Ministry of Energy and Mineral Resources (ESDM) has admitted that the contract renegotiation process between the Government and 112 mining companies is behind target as discussions between the related parties on several key points of the new contract continue to be intense.
“The contract renegotiation process is scheduled to be completed within this year,” said Jero Wacik, Minister of ESDM in Jakarta last Friday.
Mr. Wacik explained that of the 112 mining companies targeted to renegotiate their contracts, only 25 have officially accepted the new contract. These 25 companies are exclusively mineral mining companies with coal mining companies yet to agree to the new contract.
Mr. Wacik further informed that high-profile mining companies such as PT Freeport Indonesia and PT Newmont Nusa Tenggara have not signed the new contract.
Despite the current circumstances, Mr. Wacik claims that the Government has made its best efforts in the renegotiation process and promising progress has been made with 17 other mining companies going to enter the new contract in near future.
“There has been some progress on the contract renegotiation process as there are another 17 companies that have agreed to it,” added Mr. Wacik.
According to Mr. Wacik, most of the mining companies do not mind the new provisions on land expansion or mandatory use of domestic products. However, when it comes to provisions on divestment and royalties, the negotiation processes is proving more challenging.
“Some mining companies are yet to agree with the provisions on divestment and royalties,” said Mr. Wacik.
Commenting on the renegotiation process, Marwan Jafar, lawmaker from Commission V at the House of Representatives, urged the Government to complete the whole renegotiation process without any further delay.
Mr. Jafar also contends that the Government must be assertive as a regulator and pressure high-profile mining companies to sign the new contract.
“This whole contract renegotiation process is mandated by the Mining Law [Law No. 4 of 2009 on Mineral and Coal Mining],” added Mr. Jafar.
In relation to idea of increasing royalty fees under the new contract, Mr. Jafar sees this as just Government policy. However, he also reminded the Government that it must act transparently when collecting and managing royalty fees from mining companies.
“The Government must raise the royalty fee but transparency in mining management and clear working areas is a must,” concluded Mr. Jafar.
(hot/kc)
Kartini L Makmur, Robert Sidauruk
The Ministry of Energy and Mineral Resources (ESDM) has admitted that the contract renegotiation process between the Government and 112 mining companies is behind target as discussions between the related parties on several key points of the new contract continue to be intense.
“The contract renegotiation process is scheduled to be completed within this year,” said Jero Wacik, Minister of ESDM in Jakarta last Friday.
Mr. Wacik explained that of the 112 mining companies targeted to renegotiate their contracts, only 25 have officially accepted the new contract. These 25 companies are exclusively mineral mining companies with coal mining companies yet to agree to the new contract.
Mr. Wacik further informed that high-profile mining companies such as PT Freeport Indonesia and PT Newmont Nusa Tenggara have not signed the new contract.
Despite the current circumstances, Mr. Wacik claims that the Government has made its best efforts in the renegotiation process and promising progress has been made with 17 other mining companies going to enter the new contract in near future.
“There has been some progress on the contract renegotiation process as there are another 17 companies that have agreed to it,” added Mr. Wacik.
According to Mr. Wacik, most of the mining companies do not mind the new provisions on land expansion or mandatory use of domestic products. However, when it comes to provisions on divestment and royalties, the negotiation processes is proving more challenging.
“Some mining companies are yet to agree with the provisions on divestment and royalties,” said Mr. Wacik.
Commenting on the renegotiation process, Marwan Jafar, lawmaker from Commission V at the House of Representatives, urged the Government to complete the whole renegotiation process without any further delay.
Mr. Jafar also contends that the Government must be assertive as a regulator and pressure high-profile mining companies to sign the new contract.
“This whole contract renegotiation process is mandated by the Mining Law [Law No. 4 of 2009 on Mineral and Coal Mining],” added Mr. Jafar.
In relation to idea of increasing royalty fees under the new contract, Mr. Jafar sees this as just Government policy. However, he also reminded the Government that it must act transparently when collecting and managing royalty fees from mining companies.
“The Government must raise the royalty fee but transparency in mining management and clear working areas is a must,” concluded Mr. Jafar.
(hot/kc)
The Ministry of Energy and Mineral Resources (ESDM) has admitted that the contract renegotiation process between the Government and 112 mining companies is behind target as discussions between the related parties on several key points of the new contract continue to be intense.
“The contract renegotiation process is scheduled to be completed within this year,” said Jero Wacik, Minister of ESDM in Jakarta last Friday.
Mr. Wacik explained that of the 112 mining companies targeted to renegotiate their contracts, only 25 have officially accepted the new contract. These 25 companies are exclusively mineral mining companies with coal mining companies yet to agree to the new contract.
Mr. Wacik further informed that high-profile mining companies such as PT Freeport Indonesia and PT Newmont Nusa Tenggara have not signed the new contract.
Despite the current circumstances, Mr. Wacik claims that the Government has made its best efforts in the renegotiation process and promising progress has been made with 17 other mining companies going to enter the new contract in near future.
“There has been some progress on the contract renegotiation process as there are another 17 companies that have agreed to it,” added Mr. Wacik.
According to Mr. Wacik, most of the mining companies do not mind the new provisions on land expansion or mandatory use of domestic products. However, when it comes to provisions on divestment and royalties, the negotiation processes is proving more challenging.
“Some mining companies are yet to agree with the provisions on divestment and royalties,” said Mr. Wacik.
Commenting on the renegotiation process, Marwan Jafar, lawmaker from Commission V at the House of Representatives, urged the Government to complete the whole renegotiation process without any further delay.
Mr. Jafar also contends that the Government must be assertive as a regulator and pressure high-profile mining companies to sign the new contract.
“This whole contract renegotiation process is mandated by the Mining Law [Law No. 4 of 2009 on Mineral and Coal Mining],” added Mr. Jafar.
In relation to idea of increasing royalty fees under the new contract, Mr. Jafar sees this as just Government policy. However, he also reminded the Government that it must act transparently when collecting and managing royalty fees from mining companies.
“The Government must raise the royalty fee but transparency in mining management and clear working areas is a must,” concluded Mr. Jafar.
(hot/kc)