Indonesia to revise rules on coal contract extensions

19-Nov-2018

Indonesia’s Energy and Mineral Resources Ministry plans to revise rules on mining rights held by miners under Coal Contract of Work (CCOW), an official at the ministry said on Monday.

Under proposed changes, miners can apply for extensions to mining rights between five years and one year before contracts expire

Existing rules only allow miners to apply for extensions between two years and six months before contracts expire

Proposed changes are governed in a revision of a presidential decree that is currently being checked by the Law and Human Rights Ministry, said Hufron Asrofi, head of the energy ministry’s legal bureau

With the revision, extended contracts would transfer into special mining permits (IUPK)

“Hopefully the revision can be completed this year,” Asrofi said

Source: REUTERS