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Today's Headlines Mining & Extracting

  • Mining in Indonesia: Government May Revoke Troubled Mining Permits

    Mining in Indonesia: Government May Revoke Troubled Mining Permits

    Indonesia’s Ministry of Energy and Mineral Resources may revoke the Mining Business Permit (Izin Usaha Pertambangan, or IUP) of 4,643 local mining companies at the end of January 2015 as these companies still lack the clean and clear certificate (CnC) from regional authorities. This CnC certificate indicates that the mining company has no outstanding royalty and other tax debts, fulfilled its exploration and environmental commitments, has no property delineation issues and obtained the necessary forestry permits.

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  • Official Release: Indonesia's Economic Growth Slowed to 5.78% in 2013

    Official GDP Growth Rate: Indonesia's Economic Growth Slowed to 5.78% in 2013

    On Wednesday (05/02), Indonesia's official gross domestic product (GDP) growth rate for 2013 was released. According to Statistics Indonesia, Indonesia's economy expanded 5.78 percent in 2013, thus slowing - for the third consecutive year - from the 6.2 percentage growth in 2012 and 6.5 percentage growth in 2011. All sectors of the Indonesian economy posted growth in 2013: highest was the transport and communications sector (+10.2 percent) and lowest was mining and extracting (+1.3 percent).

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Latest Columns Mining & Extracting

  • WUP, WPR and WPN Mining Areas in Indonesia

    WUP, WPR and WPN Mining Areas in Indonesia

    Mining Effort Area (Wilayah Usaha Pertambangan or 'WUP'), Community Mining Area (Wilayah Pertambangan Rakyat or 'WPR') and Country Reserves Area (Wilayah Pencadangan Negara or 'WPN') are determined based on the Mining Area (Wilayah Pertambangan). The WUP and WPN is determined by the Minister of Energy and Mineral Resources (Minister). The WPR is determined by the regent/major. The determination shall be based on mapping of the geological and rock formation carrier data and/or mapping of the geophysical and geochemical data and estimates of the resource reserves.

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