| Issue Number : 557

Draft Bill on Minerals and Coal Mining

Overview

Indonesia can boast some of the largest mineral and coal reserves in the world. In terms of coal alone, it was reported in 2018 that the country could be sitting on 124.6 billion tons of coal reserves, with actual proven reserves reaching 26.2 billion tons. Stated in terms of time, this adds up to some 56 years of coal reserves.[1] Meanwhile, in terms of gold, Indonesia could lay claim to at least 6,513 tons of gold reserves as of 2015.[2] These impressive figures mean that the mining industry is one of the most lucrative and important sectors of the Indonesian economy, and a total national income of some of IDR 40.6 trillion in 2017 further serves to underline this fact.[3]

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Overview

Indonesia can boast some of the largest mineral and coal reserves in the world. In terms of coal alone, it was reported in 2018 that the country could be sitting on 124.6 billion tons of coal reserves, with actual proven reserves reaching 26.2 billion tons. Stated in terms of time, this adds up to some 56 years of coal reserves.[1] Meanwhile, in terms of gold, Indonesia could lay claim to at least 6,513 tons of gold reserves as of 2015.[2] These impressive figures mean that the mining industry is one of the most lucrative and important sectors of the Indonesian economy, and a total national income of some of IDR 40.6 trillion in 2017 further serves to underline this fact.[3]

......

Subscribe to read more legal analysis.

Hukumonline Pro Intelligence

Platform AI hukum terpercaya sebagai solusi komprehensif riset Anda

professionalprofessionalProfessional Solutions
professionalprofessionalUniversity Solutions
*Syarat dan ketentuan berlaku
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