Friday, 21st July 2006 (1488 views)

The Getting The Deal Through – Mining 2006 report has stressed the importance of the mining industry in Indonesia, one of the world's top producers of gold, copper, nickel and tin.

Although it notes that decentralisation and other issues have led to legal uncertainties and the spooking of foreign investors, it reports that investments increased last year.

According to the country's department of energy and mineral resources, investments in mining over the course of 2005 rose to $506 million from 324 million the year before.

The report also notes the rigour of Indonesian regulation, reminding investors that the mining industry is regulated by central, provincial, regional and municipal levels of government.

It is noted that mine projects need to complete studies looking at issues including climate, rivers, flora and fauna, health and employment before they can proceed.

Getting The Deal Through is a series of publications that provide comparative international analysis to give interested parties information on important issues and to give 'first step' advice from experts.

The world's largest gold mine, the Grasberg mine, is located in Indonesia's Papua province.

 

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