The Jakarta Post
After more than three years of deliberation, the mining bill is on the verge of becoming law, with a House of Representatives special committee agreeing Thursday to eliminate a crucial article on contract of works (CoW).
The CoW scheme will be replaced by business licenses — a move likely to irritate business players, who would have preferred the CoW system, which guarantees the duration of a mining activity.
However, the decision taken by the committee, which groups together representatives from all factions and commissions, means the bill can be endorsed in the next House plenary session on Dec. 16, potentially ending nearly three years of deliberation, which has been exacerbated by quarreling among the members.
“We have sorted everything out to make sure that the new law will serve the nation’s best interests,” head of working committee f...