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License Must Be “Guarded”
The settlement of license to leasehold forest area has continued to become a spook for all mining practitioners in Indonesia. As if they have to collide with a thick wall to secure a legal document of the utilization of forest area. “The licensing of forest area leasehold is quite complicated, extremely bureaucratic indeed,” CEO of a mining company told our journalist late April 2010.
If Mining Is Deemed As Crime
The sunny sting of equatorial son did not subside steps of a group of men to go down a coal mining location in Asam-Asam, Tanah Laut Regency, South Kalimantan. After talking to any ofthe supervisors in the mining site, giant machines stopped working suddenly. Operators left steering cabin tensely. They gathered in muster area while murmuring confusingly.
Worrying About New Player
A middle-age man was sitting with depressed face. He took the most corner seat, in the second floor of Hotel Ritz Carlton, Mega Kuningan, Jakarta. ”Are you shareholder too, sir? he asked journalist of this magazine, taking seat by his side. He introduced himself as a shareholder of PT Benakat Petroleum Energy Tbk, just holding annual shareholder general meeting on the day, Wednesday, June 23, 2010.
Safe Measure Against Speculators
Indonesia is the main tin producer in the world indeed but we have not been capable of controlling the price of the basic commodity on the international market. Like what is disclosed by Corporate Secretary of PT Timah Tbk Abrun Abubakar, the price of the rare mineral is not only influenced by supply and demand but also diminished frequently by actions of speculators. ”Tin is also used for trading now, an instrument of speculation,” he said.
A Retrograde Step of Tin
Under the existing regulation, royalty of tin ores must be paid first to the state before the ores are processed to become tin bar. Indeed, it’s very difficult in the practice because illegal mining is increasingly rampant and they sell tin ores to private smelters. In view of the reality, the government later charges the royalty with smelter owners. Before processing tin ores, smelter owners must be able to show payment form of royalty so that the potential of state revenue from tin exploitation could be preserved.
