Indonesian miners to gain from new ownership law

摘要

Indonesia's new mining regulation, which paves the way for domestic mining companies to retain a 51% stake while foreign ownership will be limited to 49%, will boost the growth of local miners and government revenue but may pose an obstacle for foreign investment, industry sources told Platts. “The government aims for domestic mining companies to grow and be able to be as good as foreign companies, therefore we are increasing the divestment obligation [of foreign companies] to 51%,” deputy minister of energy and mines minister Widjojono Partowidagdo told Platts Friday.