Journal
RESOURCES POLICY
Volume 35, Issue 3, Pages 218-225Publisher
ELSEVIER SCI LTD
DOI: 10.1016/j.resourpol.2010.05.001
Keywords
Indonesia; Mining; Regulation; Governance; Contract of Work; Corruption; Policy; Decentralisation
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Mining investment in Indonesia has been at a standstill for a decade. Clearly, international mining companies regard the country as a high risk destination for capital. Yet Indonesia is one of the most highly mineralised countries in the world and has expressed a desire to increase investment in the sector in the coming years. As a first step in this direction the government has introduced a new mineral and coal mining law to replace the highly regarded Contract of Work system. The government argues that this new law will reinvigorate mining investment in the country. This paper suggests that the new mining law will do little to improve the situation. Indeed, it is unlikely that Indonesia will become a preferred destination for mining investment in the foreseeable future. Poor regulatory architecture, endemic corruption, and a lack of institutional capacity continue to be of concern to investors. (c) 2010 Elsevier Ltd. All rights reserved.
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