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Monday, 19 November 18
INDONESIA'S LEADING EIGHT COAL MINER'S COAL MINING CONTRACTS ARE EXPECTED TO EXPIRE BETWEEN YEAR 2019 - 2025
ESDMThe Ministry of Energy and Mineral Resources (ESDM) said, eight Coal Contract of Works (CCoW) will expected to expire between 2019 to 2026, Liputan6 reported.
 
According to Liputan6, Agung Pribadi, the Head of the Communication, Public Information Service of Ministry of the ESDM said,  PT Tanito Harum's Coal Contract of Work (CCoW) will expire on January 14, 2019, PT Arutmin Indonesia's contract will expire on November 1, 2020. PT Kendilo Coal Indonesia another Coal Contract of Work (CCoW) holder's, contract is valid until September 13, 2021, and PT Kaltim Prima Coal's, Coal Contract of Work (CCoW) expires on December 31, 2021.
 
In addition to the above, PT Multi Harapan Utama's Coal Contract of Work (CCoW) will expire on April 1, 2022, and PT Adaro Indonesia's contract will expire on October 1, 2022.
 
Liputan6 further reported, PT Kideco Jaya Agung's contract is valid until March 13, 2023, and PT Berau Coal’s Coal Contract of Work (CCoW) period will expire on April 26, 2025.
 
According to Agung, as Liputan6 quoted, the government is currently drafting its sixth revision for Government Regulation No. 23 of 2010 concerning the Implementation of Mineral and Coal Mining Business Activities, PKP2B holders can submit a contract extension request to the ministry at the latest five years or not later than one year before the contract expiring date.
 
Draft revision of Government Regulation Number 23 2010, will include the time frame for submitting a contract extension request.


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