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Jakarta Post

New mining law draft offers incentives

  • Viriya P. Singgih

    The Jakarta Post

Jakarta   /   Thu, March 22 2018   /  01:34 am

Lawmakers have targeted to complete the revision of the 2009 Mining Law by July at the latest, the new stipulations of which include several fiscal and non-fiscal incentives for miners committed to boosting the country’s mineral and coal downstream businesses.

Satya Widya Yudha, the deputy chairman of House Commission VII overseeing energy and mining, said on Wednesday that his commission had submitted the draft revision to the Legislation Body (Baleg) to be harmonized.

After Baleg has completed the harmonization process, the bill will be taken to a House plenary session before being submitted to President Joko “Jokowi” Widodo. Lawmakers will later decide whether they will establish a working committee or special committee to deliberate the bill along with the government.

“We hope the deliberation with the government could start within the next month. If we c...