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Jakarta Post

The imbroglio in coal mining

  • The Jakarta Post

  /   Fri, July 19 2019   /  01:33 am

The government’s foot dragging in the enactment of new regulatory guidance for the extension of coal mining contracts of work (COWs) of the first generation does not bode well, with President Joko “Jokowi” Widodo’s pledging last Sunday that he would remove all barriers and clobber anyone who hindered investment.The long-delay in the issuance of the new regulation has not only caused legal uncertainty but also threatens six major mining firms in Kalimantan, which together account for almost 40 percent of national coal production of more than 500 million tons a year. The House of Representatives’ mining and energy commission last week lambasted the Energy and Mineral Resources Ministry for allowing such regulatory uncertainty for such an important sector, which fires about 40 percent of state electricity company PLN’s power generation capacity and has been one of the country’...