INDONESIA MINING: Govt reviewing divestment requirements for foreign owners

Indonesia is revisiting the divestment obligations for foreign owners of mining and smelting projects, Muhammad Mahmud Azhar Lubis, deputy chairman of investment supervision and controlling at the Indonesia Investment Coordinating Board (BKPM), said.

In 2012, the Indonesian government had capped foreign ownership of mining projects at 49% by the tenth year of production as it sought to bring the country’s natural resources under...

Published

Shivani Singh

February 21, 2014

09:02 GMT

Bali