3 weeks ago
42
January 28, 2025 | 12:09 pm
TEMPO.CO, Jakarta - The Institute for Development of Economics and Finance (Indef) is concerned that the proposal for small and medium-sized enterprises (SMEs) to manage mining could be exploited by large corporations. This could happen if the government does not establish specific criteria.
"We are concerned that business actors might generate companies or their businesses under the SME category to manage mining," said Andry Satrio Nugroho, Head of the Industry, Trade, and Investment Center at Indef, when contacted by Tempo on Monday, January 27, 2025.
Andry said this gap is open to business entities that claim to be SMEs. As a result, they could receive mining management rights that were originally not intended for them.
For this reason, Andry suggests SMEs should form groups to create cooperatives. Through this scheme, they could collectively manage mining in the same area. According to him, this would be more feasible than managing the mining individually.
Andry said that many small businesses have been involved in the mining sector illegally. With the involvement of SMEs in mining, he hopes small players can become legitimate.
The idea for SMEs to manage mining was suggested by the Legislative Body (Baleg) of the House of Representatives. They plan to include provisions granting priority to SMEs for managing mining land with an area of less than 2,500 hectares. SMEs and universities followed public organizations, which were the first to receive mining business licenses.
The Plenary Session of the House of Representatives at the Jakarta Parliament Complex on Thursday, January 23, 2025, approved the Draft Law (RUU) on the Fourth Amendment to Law No. 4 of 2009 on Mineral and Coal Mining (Minerba) to become a bill initiated by the House of Representatives.
However, the Fourth Amendment to the Mineral and Coal Mining Bill is cumulatively open. This is because the Mineral and Coal Mining Bill has been tested four times in the Constitutional Court (MK). Two of these tests were conditionally accepted by the MK.
Editor's Choice: BEM UI Rejects Permission for Universities to Manage Mining
Click here to get the latest news updates from Tempo on Google News
Mining Permits for Indonesian Universities Draw Criticism
1 hari lalu
The proposal to grant mining permits to universities is a step backwards in natural resource management.
BEM UI Rejects Permission for Universities to Manage Mining
3 hari lalu
BEM UI evaluates the proposal of permission for universities to manage mining could inflict a conflict of interest.
Plenary Meeting Ratifies Minerba Bill as DPR Proposed Initiative
4 hari lalu
DPR Deputy Speaker requested approval for the Mineral and Coal (Minerba) Bill to become the House's initiative proposal. The request was approved.
Golkar Deputy Chairman Claims Campus Management of Mines Boosts Education Quality
5 hari lalu
Golkar's deputy chairman hopes that the management of mines by universities can solve the budget problems commonly faced by campuses.
The Reason Why DPR Legislative Body Proposes Universities to Get Permits to Manage Mines
7 hari lalu
Indonesian House of Representatives (DPR) Legislation Body explains the reason why universities were proposed to receive mining business permit.
Retno Marsudi Appointed as Independent Commissioner of Vale Indonesia
13 hari lalu
Shareholders of PT Vale Indonesia Tbk. in the EGMS approved the appointment of Retno Marsudi as the company's independent commissioner.
Indef Projects Indonesia's Economic Growth to Stagnate at 5% Next Year
21 November 2024
Indef projects Indonesia's economic growth to be at 5.0 percent in 2025.
Chile's Rare Salt Flat Fish Faces Threat from Lithium Mining Project
20 November 2024
Chileans worry a future lithium project will endanger 'karachi', and extreme-environment fish.
List of 10 Richest Persons in Australia and Their Businesses
13 November 2024
The richest person in Australia is none other than the billionaire Gina Rinehart, the leader in the metals and mining industry.
Freeport Indonesia Set to Produce Gold Bars in December 2024
8 November 2024
The inaugural production of Freeport Indonesia's gold bars will be facilitated by the PMR processing facility in Gresik, East Java.
