JAKARTA: Indonesia still requires an investment in the mining sector reached Rp830 trillion (or approximately US$ 95 billion) to 2014 in the context of the Master Plan Economic Development Acceleration and Expansion of Indonesia (MP3EI).
Deputy for Coordination of Energy, Mineral Resources and Forestry Ministry of Economic Affairs Coordinating Wimpy S Tjetjep said the need of investment in the mining sector is still very high and is expected to SOEs and the private sector could participate more.
"Until 2014 we need to Rp830 trillion, is huge. Almost all seem more private and state enterprises. The government just mengakselerate just a little, because it's a big investment, "he said on the sidelines of the opening of" Energy & Mining Indonesia Series "today.
Wimpy said the mining industry plays a very important to the economy of Indonesia, such as a source of state revenue and could provide a high multiplier effect in society.
According to him, the challenge in this sector in the future is to move the investment in this sector under the paradigm of the new law, namely Law No. 4 of 2009 on Mineral and Coal Mining.
"The challenge as we will do renegotiate contracts such as the mandate of the law, but on the other hand we also continued to appreciate the existing contract," he said.
The presence of the Act, he added, is expected to be joined in support of a conducive investment climate and the government does not intend to create uncertainty of the birth of the Act. It mainly deals with the mandate to renegotiate mining contracts that exist to increase state revenues.
"In the Law, the first issue, in 2014 they [employers mines] must build the smelter, after which they can no longer export the concentrate. The second issue, the royalties must be equitable, so we are bound by the contract, but at least we ask also for us to sit together to renegotiate, "he explained.
Chairman of the Indonesian Mining Association and President Director of PT Newmont Nusa Tenggara (NNT) Martiono Hadianto said the mining company basically has the same spirit related renegotiation of this contract, namely to increase state revenues.
"Yes, I'm still fine with it, no problem," he said.
Newmont's own, he continued, including the contract is currently in the process of renegotiation. But until today there has been no result of such renegotiations.
"All of [the contract renegotiated mine], we are again talking kok. Since October last Newmont continued dialogue between the government, and it's easy guns. But anyway we should be able to deal and I am sure it will happen, "he said.
Nevertheless, he continued, all parties still have to respect the sanctity of contract and understand that Indonesia is also still part of the world, which is also bound by other rules.
"But it should be understood that we were at the international, and internationally it has agreements, particularly in the case rules, laws and regulations. That should really be understood, "he said.(*)
Deputy for Coordination of Energy, Mineral Resources and Forestry Ministry of Economic Affairs Coordinating Wimpy S Tjetjep said the need of investment in the mining sector is still very high and is expected to SOEs and the private sector could participate more.
"Until 2014 we need to Rp830 trillion, is huge. Almost all seem more private and state enterprises. The government just mengakselerate just a little, because it's a big investment, "he said on the sidelines of the opening of" Energy & Mining Indonesia Series "today.
Wimpy said the mining industry plays a very important to the economy of Indonesia, such as a source of state revenue and could provide a high multiplier effect in society.
According to him, the challenge in this sector in the future is to move the investment in this sector under the paradigm of the new law, namely Law No. 4 of 2009 on Mineral and Coal Mining.
"The challenge as we will do renegotiate contracts such as the mandate of the law, but on the other hand we also continued to appreciate the existing contract," he said.
The presence of the Act, he added, is expected to be joined in support of a conducive investment climate and the government does not intend to create uncertainty of the birth of the Act. It mainly deals with the mandate to renegotiate mining contracts that exist to increase state revenues.
"In the Law, the first issue, in 2014 they [employers mines] must build the smelter, after which they can no longer export the concentrate. The second issue, the royalties must be equitable, so we are bound by the contract, but at least we ask also for us to sit together to renegotiate, "he explained.
Chairman of the Indonesian Mining Association and President Director of PT Newmont Nusa Tenggara (NNT) Martiono Hadianto said the mining company basically has the same spirit related renegotiation of this contract, namely to increase state revenues.
"Yes, I'm still fine with it, no problem," he said.
Newmont's own, he continued, including the contract is currently in the process of renegotiation. But until today there has been no result of such renegotiations.
"All of [the contract renegotiated mine], we are again talking kok. Since October last Newmont continued dialogue between the government, and it's easy guns. But anyway we should be able to deal and I am sure it will happen, "he said.
Nevertheless, he continued, all parties still have to respect the sanctity of contract and understand that Indonesia is also still part of the world, which is also bound by other rules.
"But it should be understood that we were at the international, and internationally it has agreements, particularly in the case rules, laws and regulations. That should really be understood, "he said.(*)
No comments:
Post a Comment