RE: KEVIN re: VWIG PostIt seems very ambiguous...........
A clause of the agreement says permits to convert peatland and forests that havealready been issued will continue to be valid.
above is good.
below seems not so good.........
Indonesia has said existing permitswould be honored but Murdiyarso said it was unclear if the exemption applied ifthe firms planned to clear the forest after the moratorium came into effect inJanuary.
Another section says “there will be an assessment of the economicimpact and revocation of permission to convert peatland and cessation of issuingnew permits.”
Priyo Pribadi Soemarno, executive director of theIndonesian Mining Association, said the moratorium would make it harder toobtain forest land-use permits and they risked having their existing permitsrevoked.
“We support the moratorium but we see an attempt to reviewpermits that have been awarded and this is negative for investment,” Soemarnosaid on the sidelines of a mining seminar.