CAPITAL MARKETS

Indonesia lifts restriction on mining in forests

THIRTEEN mining companies have been allowed to resume mining activities in protected Indonesian forests after President Megawati Soekarnoputri issued a regulation two weeks ago, sparking protests by environmental activists who want it revoked.

Sarah Belfield Belfield
Indonesia lifts restriction on mining in forests

The regulation, Perpu 1/2004, reinstates the validity of licences and contracts for mining in forests signed before new forestry legislation was enacted in 1999. Licences and contracts will remain valid...

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