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Webinar Series

Implication of new mining law for foreign investors

By : Petromindo.com

Speakers
Bill Sullivan

Bill Sullivan, Senior Foreign Counsel with Christian Teo & Partners.

Norman Bissett

Norman Bissett, Foreign Legal Consultant, Hadiputranto, Hadinoto & Partners (HHP) Law Office

Hendra Sinadia

Hendra Sinadia, Executive Director of Indonesia Coal Mining Association

Background

The House of Representatives (DPR) passed major revisions to the 2009 Mining Law on May 12, 2020. The Mining bill amends 83 articles, adds 52 new articles and removes 18 articles from the 2009 Mining Law.

Under the mining law bill, the central government holds greater authority to manage mining industry, including issuing business license known as Perizinan Berusaha. The 2009 Mining Law distributed the authority on the control and supervision of mining sector to the central government, provincial government and regency administration based on their relevant jurisdiction.

Another long-standing concern of foreign investors is the divestment obligation. The new Mining Law states the divestiture requirement is 51 percent and may be carried out in stages with qualified Indonesian parties.

Many have previously said that the greatest impediments to foreign investment in the Indonesian mining sector is divestiture obligation that applies to foreign-owned mining companies.

The second webinar series jointly organized by CoalAsia Magazine and Petromindo would address some of big questions facing foreign investors in Indonesia mining industry.

Key discussion points will include
  • What are implications of new mining law for foreign investors?
  • Is the new mining law attractive for new foreign investors to invest in Indonesian mining sector, including in Greenfield exploration?
  • Overview and analysis on the new divestment obligation scheme.
Program
14.00 Introduction and opening remarks:
Hendra Sinadia, Executive Director of Indonesia Coal Mining Association
14.10 Presentation:
Bill Sullivan, Senior Foreign Counsel with Christian Teo & Partners.

"What Does New Mining Law Mean For Foreign Investors?"
14.35 Presentation:
Norman Bissett, Foreign Legal Consultant, Hadiputranto, Hadinoto & Partners (HHP) Law Office

"Exploring Divestiture Obligation on New Mining Law – Where to from here?”
15.00 Q&A Session
Day/Date

Friday, June 12, 2020


Format

Virtual Webinar Hosted Online (access details shared after registration)


Investment

Rp.1.000.000


Further Information

Telephone: +62-21-2245 8787

Email: businessevents@petromindo.com


Download Registration Form