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By A Supriyani KardonoSoewito Suhardiman Eddymurthy KardonoTel: +62 21 521 2038 / 2130 Fax: +62 21 521 2039 Website: www.ssek.com
Investors looking to invest in Indonesia’s mining sector may feel relieved now as a central database on mining rights in Indonesia has been developed by the Ministry of Energy and Mineral Resources (MEMR). The Directorate General of Minerals and Coal of the MEMR (DGMC) has compiled and reconciled data of all national mining business permits (locally known as Ijin Usaha Pertambangan or IUP). By gathering and disseminating national data of IUPs, the MEMR aims to ensure coordination, verification and synchronisation of IUPs to stimulate investment and increase state revenues.