Requirements for WIUP or WIUPK Extension Requirements Simplified! Minimum Production Period Lowered to Two Years

In 2023, the Minister of Energy and Mineral Resources (“Minister”) has issued Decree No. 375.K/MB.01/MEM.B/2023 (“Decree 375/2023”) on the Guidelines for the Submission, Evaluation and Processing of the Expansion of Mining Business License Area (Wilayah Izin Usaha Pertambangan – “WIUP”) and Special Mining Business License Areas (Wilayah Izin Usaha Pertambangan Khusus – “WIUPK”) for Mineral and Coal Conservation (“Conservation”). As the title suggests, Decree 375/2023 sets forth the applicable mechanism for existing holders of Mining Business License (Izin Usaha Pertambangan – “IUP”) and/or Special Mining Business Licenses (Izin Usaha Pertambangan Khusus – “IUPK”) (collectively referred to as “Permit Holders”) to ultimately secure an expansion of their originally allocated WIUP and/or WIUPK (collectively referred to as “Mining Areas”).