RE:Are you sure?Citing a long-superceded Law from
2009? Oh, please! If you really, truly think this deal doesn't have the blessing of
every level of the Indonesian government and satisfies
every
letter of every
current Indonesian Law having purview over
mining in Indonesia and how it can be done and by whom, you're
either :
Naive; or
Nefarious.
And frankly, I don't care which since this now only your third post
in as many years, so that renders
you and whatever
you think
about this of
no importance whatsoever. Nice try,
Nerdy! Time for new batteries, perhaps?
The train has now left the Station, and neither
you nor
anyone
else is going to stop it, short of some cataclysm
Gazza8 wrote: Under Indonesian mining law, specifically Law No. 4 of 2009 on Mineral and Coal Mining ("Mining Law"), the sub-leasing of an IUP (Izin Usaha Pertambangan or Mining Business License) is generally not permitted. The Mining Law stipulates that the IUP is granted to a specific individual or entity for the purpose of conducting mining activities in a designated area.
According to Article 102 of the Mining Law, the IUP can only be transferred or assigned to another party through a change of ownership or control of the permit holder. This means that the IUP can be transferred to another party through a sale, merger, acquisition, or other forms of legal transfer that result in a change in the ownership or control of the permit holder.
However, sub-leasing, which involves granting mining rights to a third party while the original permit holder maintains ownership and control, is not specifically allowed under the Mining Law. The law aims to ensure that the government maintains oversight and control over mining activities, and as such, sub-leasing is generally not permitted.