Jakarta's New Mining Law Could Deter Foreign Investors

Source: The Wall Street Journal (12/17/08)

“Rules giving powers to local governments likely to deter investors.”

Indonesia's controversial new mining law, which gives greater power to local governments and forces mine operators to process raw materials locally, is likely to deter foreign investment at a time of falling global commodity prices, miners and industry analysts said.

The law, passed by Indonesia's parliament on Tuesday, comes after years of wrangling between the central government and provincial politicians over who should control the nation's abundant resources of coal, gold, nickel and copper.

In the past decade, foreign investors have made no major mining investments in Indonesia because of the regulatory limbo.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."