RE: Rio Tinto going after SA's Lemonga Raw translation of the Article.
Jakarta-TAMBANG. Keyakinan Pemerintah that No. UU 4 in 2009 about Minerba will stimulate investment to begin to be proven. Director Pembinaan of the Exploitation of the Mineral and coal, Bambang Gatot Ariyono mentioned has had four foreign companies that put forward the application to get Usaha Pertambangan Permission (IUP), in part Rio Tinto (Australia), Barrick Gold (Canada), Southern Arc (Canada) or was known with Indotan.
Rio Tinto put forward the application for the Lemonga goldmine, the West Nusa Tenggara, Barrick Gold Corp in the gold project in Bengkulu, and Rio Tinto for the Lasamphala nickel project, Sulteng-South-East Sulawesi.
In fact, the three companies have put forward the application of the Work Contract (heads of households) long before Minerba UU was knocked on the hammer. They did not insist. They were prepared to continue the project under the regime of IUP. "Jadi was not justified if being said Minerba UU was mentioned not the investor friendly", he said to the TAMBANG Magazine in gaps of No. UU of the Socialisation agenda 4 in 2009, on Tuesday, March 31 2009, in the Ritz Carlton Hotel, Jakarta.
Several circles like IMA (Indonesian Mining Association) and Pricewaterhouse Coopers (PwC) beforehand memperediksi Minerba UU will disrupt the climate of mining investment, because of being not friendly to the investor. This agency mentioned in three four influence years will be seen.
Former Dirjen Minerba Pabum, Simon F. Sembiring mengamini Bambang's statement. He claimed two weeks after Minerba UU was enacted, he was invited to the Ambassador's Australian residence. There he also met several mining businessmen from Australia.
They each kind of Minerba UU very good, transparent, and had the assurance tried, said Simon. Similar praise, he got some time before when meeting Kadin America (American Chamber).
Simon stressed unjust if three or four years in the future did not have new investment in the world of the mining, it was considered as the Minerba UU mistake as being named by PwC. ”Semua knew that because of the global crisis. Wherever not having investment. There was none of his connection with UU Minerba,” Simon's words, that currently holds the office of the Special Staff ESDM Bidang Minerba Minister.