State-controlled mining company Aneka Tambang (Antam) feels the negative impact of the Indonesian government’s new mining law (Law No. 4 of 2009 on Mineral and Coal Mining) which replaced its 1967 predecessor. This new mining law is controversial because it contains a number of provisions that are negative for foreign investment in Indonesia’s mining sector. However, domestic players also feel the impact because of the mineral ore export ban, part of the mining law, which was implemented on 12 January 2014.
17 November 2019 (closed)
USD/IDR (14,069) -29.00 -0.21%
EUR/IDR (15,513) +3.99 +0.03%
Jakarta Composite Index (6,128.35) +29.40 +0.48%