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Foreign investment

MSM mine: community opposition continues as investor backs out

Down to Earth No. 76-77 May 2008

The Australia and UK - listed company, Archipelago Resources, is continuing preparations to mine gold in North Sulawesi, despite strong local opposition - both from communities and the provincial governor.

Mining news in brief

Down to Earth No. 76-77 May 2008

 

New regulation means cheap forests for mining

A new government regulation on non-tax income from forest areas has caused outrage among NGOs by setting low prices for the use of forests by mining companies and other non-forestry sector users.

The regulation - PP 2/2008 - sets the rate for mining in protection forests from Rp 2,250,000 - Rp3 million (around US$240-320) per hectare per year. In production forests, the rate is Rp 1.8 million - 2.4 million (around US$192 - 255) per year.

Oil palm plantations? Carbon credits? Papua's forests targeted

Down to Earth No.75, November 2007


Large areas of Papua's rich and diverse forests are being targeted by Indonesian and overseas investors for conversion into oil palm plantations. At the same time, discussions are in progress to reserve large areas of Papua's forest to generate carbon credits for trade on international markets.

Aceh's golden crop?

Down to Earth No.75, November 2007


Aceh's new government is promoting the expansion of oil palm plantations in the province as 'in the interests of the people', but it is by no means clear that local communities will be the main beneficiaries.


A report by the independent research organisation Eye on Aceh examines the growth of oil palm plantations in Aceh and the social, environmental and economic costs of this agribusiness. The Golden Crop?

CSR à la Jakarta

Down to Earth No. 74, August 2007

 

The final draft of a revised 'corporates' bill was given the nod by Indonesia's House of Representatives (DPR) on 20 July, 2007. This marked the passing of the bill, which replaces the old Limited Liability Company Law, (No.1,1995). The new Limited Liability Company Law, alongside the revised Investment Law (see DTE 73), is designed to update company legislation and is part of a bundle of regulations and statutes being enacted to make the country more attractive to new investment.

Newmont case verdict - blow for communities and environment

Down to Earth No. 73, May 2007


The decision of a North Sulawesi court to find the US-based mining company, Newmont, not guilty of polluting the environment is a huge disappointment for NGOs and communities who have been struggling for years to hold this multinational gold mining company to account.


The Manado Court in North Sulawesi - the province where the now-closed Ratatotok gold mine was located - came up with its verdict on April 24th.

New investment law is not pro-poor

Down to Earth No. 73, May 2007


The Indonesian parliament passed a new investment law in March, despite strong civil society opposition and despite much concern over its implications.