Minister signs amendment of 13 PKP2B coal contracts
Tuesday, November 14 2017 - 01:12 PM WIB
Petromindo|Thomas
Minister of Energy and Mineral Resources Ignasius Jonan signed on Tuesday the amendment of coal contracts of work (PKP2B) of 13 coal miners.
The PKP2B contracts are adjusted to comply with the requirements set under the 2009 Mining Law, which among others aimed at providing greater revenue for the state.
The ministry said in a statement that the 13 PKP2Bs that were amended include the contracts of four coal miners holding the first generation PKP2B, namely PT Arutmin Indonesia, PT Kaltim Prima Coal, PT Berau Coal, and PT Kideco Jaya Agung; one coal miner, PT Barasentosa Lestari, holding the second generation PKP2B; and eight coal miners holding the third generation PKP2B, namely
PT Intitirta Primasakti, PT Juloi Coal, PT Kalteng Coal, PT Lahai Coal, PT Maruwai Coal, PT Pari Coal, PT Ratah Coal and PT Sumber Barito Coal
The ministry said that there are 18 other PKP2B coal miners whose contracts have yet to be amended to be in line with the 2009 Mining Law, but added it hopes to conclude the amendment process this year.
Editing by Reiner Simanjuntak