Indonesia

Indonesia

Changes regulation on foreign ownership of mines

21 Feb 2012

Indonesia changed its regulation on mining, which requires foreign companies to sell off stakes in mines and increase domestic ownership to at least 51 percent by the 10th year of production. The regulation mentions that, in order to support the development of the domestic industry, it is necessary to restructure the granting of mining business licenses for non-metal minerals and stone to give greater opportunities to Indonesian participants.

Nature of measure:
  • Entry restriction
Type:
  • Entry and establishment (Ownership and control)
  • Treatment and operation (Operational conditions )
Industry:
  • Primary (Mining and quarrying)
Inward FDI:
No
Outward FDI:
No
Sources: