Introduction
Home to the Grasburg mine, the largest gold mine and second
largest copper mine in the world, and blessed with an abundance of
substantial deposits, Indonesia's mining industry is a
significant contributor to the largest economy in Southeast Asia,
and is instrumental to Indonesia's strong economic growth in
the past years.
To keep up with increasing investments in the mining sector, the
licencing regime for the mining sector in Indonesia has also
greatly evolved over the past years.
The Previous Regime – Contracts of Works & Coal
Contracts of Work
Contracts of Work
Contracts of Work (COWs) were regulated under the Ministry of
Energy and Mineral Resources Decision Letter No. 1614 of 2004 and
largely regulated the mining industry excluding oil, natural gas,
geothermal, radioactive and coal between the Indonesian Government
and the relevant contract holders.
