PT Koba Tin Expects New Mining Permit

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.

Click here to read the full Jakarta Post report.