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Jakarta Post reported PT Timah said that an issuance of a new mining permit would be preferable in a bid to ensure the smooth takeover of Koba Tin’s mining projects.
Jakarta Post reported PT Timah said that an issuance of a new mining permit would be preferable in a bid to ensure the smooth takeover of Koba Tin’s mining projects.
As quoted in the market news:
Under Government Regulation No. 22/2010, a WPN can only be issued if the mining area belongs to a conservation area or is located in an area bordering another country.
The regulation also says that declaring a WPN requires approval from the House of Representatives. A WPN can be worked on after the land in question is declared a special mining territory, Wilayah Usaha Pertambangan Khusus (WUPK), which also needs approval from the House.