Tuesday, 12 January 2010

Contractors rejected CoW revision, urged for Mining Energy and Coal Law revision

The government is urged to revise article 169 (b) of Law No. 4/2009 on Mineral and Coal since adjustment of Contract of Work (CoW) and Coal Mining Business Permit cannot be completed within one year since the Mining Energy and Coal Law was passed at the end of 2008. Executive Director of the Center for Indonesian Energy and Resources Law, Ryad Chairil said in line with the mandate of the law, since within one year the CoW and Business Permit cannot be adjusted the government must amend the regulation. If not, the condition may affect the stability and certainty of legal framework in the mineral and coal mining sector.
Source: PA Asia: Detik finance website, 4 January

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