President Joko Widodo has signed into law a upgrading of Mining Laws for his country. Continuing to show strong leadership, as to many aspects of his government, Mr. Widodo has modernized this industry for his citizens.
Indonesia’s ‘2009 Coal And MIning Law’ was viewed to be obsolete in today’s competitive world. Its requirement of randomized sources of approval for projects, was outdated. Furthermore, its restrictions on site sizes, made projects uneconomical [much of mining profitability is scalar; ‘Volume of recoverable ore’ is a barometer of potential financial success]. The updated law allows for riparian mining. The new regulations will also provide for greater clarity for international investors; an excellent revision.
It is interesting to note that the ‘clamor’ against the new law is provided by ‘non-Miners’ and other ‘outsider’ vested interests. Both, who continually spout off “Environmental Concerns” for their bona-fides.
Since the new law has been reviewed by Indonesian government legal authorities, as lawful, who are these others to criticize? We, as International Businessmen, have heard similar diatribes, over and over again, AGAINST ANY AND ALL MINING, ad nauseum. What is not mentioned by these ‘outliers’ is the fact: The world today, would not exist, as it is, if it were not for previous mined and processed mineralizations. If these same decriers of ‘Mining’, are so resolute, let them live ‘naturally’ in bamboo huts, on some far-off islet.
It takes the decisiveness of a strong leader, as is President Widodo, to make his country even more competitive in the world. This Mining Law upgrade, by advancing mining financial requirements of investors, along with its legal review of projects, should assure growth. With growth, is increased survive-ability.
Reality: A Leader, who listens to opposing views, but pays no heed to their ignorant shouts, will make wise objective decisions.