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Mining For Answers - More obligations for Indonesian Mining Businesses under the Divestment regulation

14 October 2013

Indonesia has introduced a further regulation as part of the implementation of the 2009 Mining Law which adds to the obligations and restrictions that Izin Usaha Pertambangan (IUP) companies will have to comply with. The new regulation sets out requirements for government approval for change of investment in IUP companies and foreign ownership limitations in Exploration IUP companies.