Commentary by Wayne Forrest I fear a ticking time bomb could soon explode in Indonesia. Its probably not what you think; its not a natural disaster or mass movement based on religion. It has to do with natural resources and the origins of the American Indonesian Chamber of Commerce (AICC) and some of its founding [...]
On January 12, Indonesia’s mineral export ban came into effect with an unexpected kicker: an export tax on copper concentrates. As predicted, a last minute compromise allowed them to be exported but soon after it was revealed that the Finance Ministry contradicted the thrust of the exemptions by imposing a graduated export tax that goes [...]
Is Mining Divestment Such a Benefit to Indonesia?Indonesia is following a worldwide trend of pushing out foreign ownership of mining assets. A March 8 Reuters story began "Indonesia will take more of the profits from its vast mineral resources by limiting foreign ownership of mines". But, is that what necessarily happens when more of the [...]