ESDM Ministry Drafts Mining Divestment Regulation

Translator

Editor

29 September 2015 13:30 WIB

Ilustrasi tambang batubara. ANTARA/Muhammad Adimaja

TEMPO.CO, Jakarta-The Energy and Mineral Resources (ESDM) Ministry is drafting a ministerial decree that contains divestment obligation for private companies that work in mineral and coal businesses. The decree will be more detailed and contain some restrictions.

“We will not equalize divestment,” said mineral and coal director general Bambang Gatot Ariyono on Monday, September 28.

Divestment regulation is previously stipulated in Government Regulation No. 77/2014 article 97 about divestment obligation for mining business permit (IUP) holder and special mining license (IUPK) holder up to 51 percent within five to ten years of operation period.

Bambang said the divestment obligation will not apply for all mineral and coal business agreements. There are some differentiating factors, such as the type of commodity, business time period and mining area.

Divestment recipient will also be regulated in a separate chapter. The Government Regulation No. 77/2014 only contains the types of stock recipients, which are BUMN, BUMD and public through stock market.

ESDM secretary-general Teguh Pamudji said the divestment obligation must be specifically regulated in ministerial decree. He ensured that the new regulation will be more complete and have stronger legal certainty.

ROBBY IRFANY



Energy Ministry Holds Electric Motorbike Conversion Training for Jakartans

9 jam lalu

Energy Ministry Holds Electric Motorbike Conversion Training for Jakartans

Energy and Mineral Resources (ESDM) Ministry has organized technical training on converting fossil based-motorbikes into electric motorbikes


Indonesia's Electricity Consumption Up 6.15% in 2022

4 hari lalu

Indonesia's Electricity Consumption Up 6.15% in 2022

Energy Ministry official says electricity consumption growth proves that Indonesia's economy thrived in 2022.


Indonesia to Host World Hydropower Congress 2023 in Bali

13 hari lalu

Indonesia to Host World Hydropower Congress 2023 in Bali

Energy and Mineral Resources Minister Arifin Tasrif stated that Indonesia will host the World Hydropower Congress (WHC) 2023 in Bali in the upcoming O


Energy Stocks Suffer Deepest Correction in Thursday's Trade

16 hari lalu

Energy Stocks Suffer Deepest Correction in Thursday's Trade

The energy sector (IDXENERGY) suffered the deepest correction in today's trading sessions, dropping by 1.03 percent.


Bid Winner of Central Jabung Oil and Gas Block Linked to House Speaker

31 hari lalu

Bid Winner of Central Jabung Oil and Gas Block Linked to House Speaker

A consortium reportedly linked to House Speaker has been named the direct auction winner over the Central Jabung oil and gas working area.


Jokowi, Vietnam's Nguyen Sign 3 MoUs Including on Energy Cooperation

38 hari lalu

Jokowi, Vietnam's Nguyen Sign 3 MoUs Including on Energy Cooperation

Indonesia's President Joko Jokowi Widodo and Vietnamese President Nguyen Xuan Phuc hold a bilateral meeting today at the Bogor Palace.


SISP 2022 Promotes Renewable Energy as a Step to Reach Net Zero Emissions by 2050

53 hari lalu

SISP 2022 Promotes Renewable Energy as a Step to Reach Net Zero Emissions by 2050

Indonesia and Sweden share a mutual interest in the establishment of renewable energy as a step to reach Net Zero Emissions by 2050.


US$500 Million ADB Loan to Support Indonesia's Energy Sector, Green Recovery

30 November 2022

US$500 Million ADB Loan to Support Indonesia's Energy Sector, Green Recovery

ADB approves a US$500 million loan to support Indonesia's energy sector reforms to boost fiscal sustainability and governance.


Govt Aims to Produce 1 Mln Barrels of Crude Oil as Energy Demand Remains High

23 November 2022

Govt Aims to Produce 1 Mln Barrels of Crude Oil as Energy Demand Remains High

Minister Luhut Pandjaitan said Indonesia's energy consumption remains high, especially for the use of crude oil.


G7+ Raises US$20bn to Help Indonesia's Coal Plants Retirement Program

15 November 2022

G7+ Raises US$20bn to Help Indonesia's Coal Plants Retirement Program

A coalition of G7+ members agrees to help Indonesia fast-track its energy transition program by raising US$20 billion over the next 3-5 years.