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Ada Pertanyaan? Hubungi Kami Robert Sidauruk, Kartika L Makmur
The government has confirmed that there will be no favorable treatment or privileges given when processing requests to extend mineral export licenses. Regardless of the scale of their operations, all mining companies will be treated equally, including two major players in the mining sector, PT Newmont Nusa Tenggara (“Newmont”) and PT Freeport Indonesia (“Freeport”).Sudirman Said, Minister of Energy and Mineral Resource (“ESDM”), has emphasized that the government will continue to push mining companies to establish a smelter in Indonesia as required under Law No. 4 of 2009 on Mineral and Coal Mining. In regard to this requirement, the government is adamant that there will be no exceptions for any mining companies.
“There will be no discriminatory treatment between mining companies. Every party that does not comply with prevailing laws and regulation must step out from the country,” stated Mr. Said, in Jakarta last Friday.
In order to extend its copper export license that will expire on 18 March 2015, Newmont submitted an application to the Minister of ESDM on 11 February 2015. The export quota for PT Newmont’s current license covers 350,000 ton of copper concentrate.
Although ESDM needs more time to study Newmont’s application, Mr. Said has said that the government will not complicate the process. In fact, the government is still considering extending the export license, as Newmont’s operations have a significant impact on national economic development.
“Newmont has submitted an extension application and we are currently considering it. The operations of the company support national industries, and we will find a solution for the application,” expressed Mr. Said
On a different occasion, Martino Hadianto, Newmont’s President Director said he was confident that the government would extend Newmont’s export license as the company had satisfied the requirement to submit the application no later than 30 days before the expiration of the existing license.
“We have complied with the regulatory requirements,” added Mr. Hadianto.
Although claiming that Newmont’s application had been submitted by the deadline, Mr. Hadianto said that the company did not disclose any information about the location of the smelter that will be established. He argues that Newmont is not required to inform the government of the exact location of the smelter.
“There is no requirement for mining companies to inform the exact location of the proposed smelter. The requirement only obliges companies to place a guarantee and provide information about development progress,” said Mr. Hardianto.
(hot/kc)
Robert Sidauruk, Kartika L Makmur
The government has confirmed that there will be no favorable treatment or privileges given when processing requests to extend mineral export licenses. Regardless of the scale of their operations, all mining companies will be treated equally, including two major players in the mining sector, PT Newmont Nusa Tenggara (“Newmont”) and PT Freeport Indonesia (“Freeport”).Sudirman Said, Minister of Energy and Mineral Resource (“ESDM”), has emphasized that the government will continue to push mining companies to establish a smelter in Indonesia as required under Law No. 4 of 2009 on Mineral and Coal Mining. In regard to this requirement, the government is adamant that there will be no exceptions for any mining companies.
“There will be no discriminatory treatment between mining companies. Every party that does not comply with prevailing laws and regulation must step out from the country,” stated Mr. Said, in Jakarta last Friday.
In order to extend its copper export license that will expire on 18 March 2015, Newmont submitted an application to the Minister of ESDM on 11 February 2015. The export quota for PT Newmont’s current license covers 350,000 ton of copper concentrate.
Although ESDM needs more time to study Newmont’s application, Mr. Said has said that the government will not complicate the process. In fact, the government is still considering extending the export license, as Newmont’s operations have a significant impact on national economic development.
“Newmont has submitted an extension application and we are currently considering it. The operations of the company support national industries, and we will find a solution for the application,” expressed Mr. Said
On a different occasion, Martino Hadianto, Newmont’s President Director said he was confident that the government would extend Newmont’s export license as the company had satisfied the requirement to submit the application no later than 30 days before the expiration of the existing license.
“We have complied with the regulatory requirements,” added Mr. Hadianto.
Although claiming that Newmont’s application had been submitted by the deadline, Mr. Hadianto said that the company did not disclose any information about the location of the smelter that will be established. He argues that Newmont is not required to inform the government of the exact location of the smelter.
“There is no requirement for mining companies to inform the exact location of the proposed smelter. The requirement only obliges companies to place a guarantee and provide information about development progress,” said Mr. Hardianto.
(hot/kc)