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Jakarta Post

Moratorium may hurt new projects: Mining group

  • Alfian

    The Jakarta Post

Jakarta   /   Thu, August 5 2010   /  09:58 am

The government’s proposed two-year moratorium on issuing new concessions to convert forests and peatlands to other uses may hinder new mining projects, a business association says.

“The development of new mining projects might be delayed due to the moratorium. Mining projects such as BHP’s project in Maruwai could be affected,” Supriatna Suhala, executive director of the Indonesian Coal Mining Association (ICMA), told reporters Wednesday.

BHP Billiton, the world’s largest mining company, and local partner PT Adaro Energy are developing the Maruwai coal project in East and Central Kalimantan and waiting for forest land-use permits from the government. BHP said their concession held 774 million tons of undeveloped metallurgical and thermal coal.

Supriatna added that the moratorium might also affect the existing companies who need to expand their concessions...