The government has recently introduced a significant regulatory development with Minister of Energy and Mineral Resources Regulation Number 14 of 2023, addressing the delegation procedures for Investigation and Research (I&R) related to Mining Area preparation. Serving as a detailed supplement to Government Regulation Number 25 of 2023, this regulation is pivotal for the mining sector. Under MEMR Regulation 14/2023, the Minister of Energy and Mineral Resources (MEMR) is empowered to delegate I&R activities to various entities, including state research institutions, state-owned enterprises, regional-owned enterprises, or eligible private businesses. This delegation specifically targets the preparation of mining areas, leading to tenders for Mining Business License Areas (WIUP) for metal minerals and coal, as well as Special Mining Business License Areas (WIUPK) for coal.
#ClientNotification Exciting News in Mining Regulations! The Indonesian government has unveiled MEMR Regulation 14/2023, a pivotal guideline for Mining Business Licenses. Underlining delegation processes, application criteria, and more. Dive into the details here: https://lnkd.in/gVnbvcp4 #ArmilaRako #InvestmentOpportunity
