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Jakarta Post

The economic impact of not exploring for resources

  • George Barber

Jakarta   /   Mon, August 15 2016   /  07:23 am

The title was for a seminar and discussion that was held in July, which I did not attend. The headline was accompanied by the following statement:

 “There have been no world-class mineral or coal discoveries for decades in Indonesia. The lack of discoveries will have a major impact on the mining industry”.

Indonesia believes it has an abundance of resources, this includes oil, gas, geothermal, minerals (various types), coal/coalbed methane, although it does not know where they are (exactly) and in what volumes exist, they are predictions only.

Uncertainties are a major challenge; predictions are unreliable; behind in reaching stated goals.

These three statements are accredited to Manfred P. Hochstein and Sayogi Sudarman in 2015, both of whom are well known in the geothermal sector of Indonesia and beyond. These statements also apply to the oil and ga...