Government reviews mining-investment competitiveness

Amid looming uncertainties in the local mining industry, the government said it was reviewing Indonesia's mining investment competitiveness.

"We are looking at ways to improve our competitiveness," the director of mining development at the Ministry of Mines and Energy Simon Sembiring was quoted by the Jakarta Post daily as saying.

He said that although Indonesia owned rich mineral resources, it still needed to maintain its competitiveness with other countries.

He didn't clarify, but said that the government was considering offering incentives to mining companies of the next contract of work generation. He also didn't elaborate.

He said that the feasibility of the various incentives were still being studied. (*)