Investment Climate in the Indonesian Mining Business

Surizki Febrianto, Raja Febriana Andarina Zaharnika

2019

Abstract

Minerals and coal contained in the Indonesian mining jurisdiction are non renewable natural wealth as the gift of God Almighty which has an important role in fulfilling the livelihoods of many people, therefore management must be controlled by the State to provide real added value to the national economy in an effort achieve prosperity and prosperity in a just manner. Mining is part or all of the stages of activities in the context of research, management and commercialization of minerals or coal which includes general investigation, exploration, feasibility studies, construction, mining, processing and refining, transportation and sales, and post-mining activities. Mining Business is an activity in the framework of the exploitation of minerals or coal which includes the stages of general investigation, exploration, feasibility studies, construction, mining, processing and refining, transportation and sales, and post-mining activities. The main issue: How is the Investment Climate Mining Investment in Indonesia Since the issuance of Government Regulation (PP) No. 24 of 2012 concerning the implementation of Mineral and Coal mining business activities, as well as Minister of Energy and Mineral Resources Regulation No. 7 of 2012 which was subsequently refined by 2 ESDM Ministerial Decree No. 11 of 2012 concerning Increasing Mineral Value Added through Smelter Management and Purification activities. The paper describes In order to control ore exports and encourage downstream industries, the government has issued Government Regulation (PP) No. 24 of 2012 concerning the implementation of Mineral and Coal mining business activities. Furthermore, several related regulations were issued such as Minister of Energy and Mineral Resources Regulation No. 7 of 2012 which was subsequently refined by 2 ESDM Minister Regulation No. 11 of 2012 concerning Increasing Mineral Value Added through Mineral Purification and Management (smelter) activities, where the main material contained in said mining companies can export mineral ores abroad before January 2014 if it has obtained a recommendation from the Minister of Energy and Mineral Resources. Other related regulations that have been issued in order to support the implementation of the Minerba Law, are the Minister of Trade Regulation No. 29 of 2012 concerning the provisions on mining product exports and Minister of Finance Regulation No. 75 of 2012 concerning Determination of Goods subject to Export Levy and Export Duty Tariff, the Center for Foreign Trade Policy will conduct evaluations relating to the prohibition of exports in the form of ore (raw material or ores).

Paper Citation

in Harvard Style

Febrianto S. and Zaharnika R. (2019). Investment Climate in the Indonesian Mining Business.In Proceedings of the Second International Conference on Social, Economy, Education and Humanity - Volume 1: ICoSEEH, ISBN 978-989-758-464-0, pages 352-358. DOI: 10.5220/0009149003520358

in Bibtex Style

@conference{icoseeh19,
author={Surizki Febrianto and Raja Febriana Andarina Zaharnika},
title={Investment Climate in the Indonesian Mining Business},
booktitle={Proceedings of the Second International Conference on Social, Economy, Education and Humanity - Volume 1: ICoSEEH,},
year={2019},
pages={352-358},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0009149003520358},
isbn={978-989-758-464-0},
}

in EndNote Style

TY - CONF

JO - Proceedings of the Second International Conference on Social, Economy, Education and Humanity - Volume 1: ICoSEEH,
TI - Investment Climate in the Indonesian Mining Business
SN - 978-989-758-464-0
AU - Febrianto S.
AU - Zaharnika R.
PY - 2019
SP - 352
EP - 358
DO - 10.5220/0009149003520358