Indonesia defends mining investment policy, slams media report

March 10, 2017

KUALA LUMPUR -- The Indonesian Government is continuing to firmly support any investment in the country's mining industry by either foreign or local investors, without exception, Indonesia’s Energy and Mineral Resources Ministry said in a statement.

The Government was consistent in increasing mineral added value through domestic smelting process with regards to metallic mineral mining, the statement said.

"This is in line with Law of Mineral and Coal No. 4/2009 that has been followed up by the issuance of Government Regulation No. 1/2017 as a revision to the previous issued regulations.

Responding to a news report titled 'Jakarta Mining Policy Shift Sparks Turmoil', the Ministry described the title of the article as misleading while the news was tendentious, imbalanced, and discredited the Indonesian Government.

“Principally, Indonesia's mining policy was prioritised to materialise justice for the people and to maintain investment sustainability both for foreign and national investment,” the Ministry said. "The Government is negotiating with mining companies to achieve consensus from all parties."  (ATI).