SIH sihayo gold limited

memr 27/2013

  1. 37 Posts.
    An article in the Australian today discusses the severe implications of Ministry of Energy and Mineral Resources Regulation 27/2013 which clarifies 2009 Mining Law and imposes further procedures for the divestment of shares and other requirements for foreign mining ownership in Indonesia:

    http://www.theaustralian.com.au/business/mining-energy/the-implications-of-indonesias-mining-law-are-now-clear-but-its-consequences-are-not/story-e6frg9df-1226758553781

    It indicates that the divestment and pricing procedures under the 2009 mining law will override those applying to pre-existing COWs.

    I'm sure I remember that some time back Sihayo stated that this new legislation would not affect them adversely, however does anyone know if this new MEMR 27/2013 changes that position?
 
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