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View all search resultsIn a letter earlier this month to President Prabowo Subianto, copied to China’s embassy and seen by Reuters, the China Chamber of Commerce in Indonesia said Chinese firms faced "excessively stringent regulation, over-enforcement", and alleged corruption and extortion by authorities.
The China Chamber of Commerce in Indonesia (CCCI) previously sent a letter to President Prabowo Subianto, detailing a range of complaints, from the mandatory retention of foreign exchange earnings (DHE) onshore to a recent crackdown on immigration.
The Attorney General’s Office (AGO) named on Saturday billionaire coal magnate Samin Tan a corruption suspect in a probe into alleged mining permit violations after the forestry task force seized the company's land earlier this year.
Recent identification of eight prospective rare earth element mining deposits may add non-Chinese supply options for global players, but will not impact market that is heavily centered on Beijing, due to lack of supply and processing ability.
The publicly listed miner, while confirming the closure of a site within subsidiary CPM's forest concession over illegal land clearing, has underlined that the targeted area was not operational and so will not affect its overall operations.
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