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Australian miners are playing down the impact of a new law in Indonesia limiting foreign ownership in mines to no more than 49 percent, even after a senior Indonesian official said the law would apply to all foreign miners.
Yes, this new regulations stipulated that foreign ownership via shares acquisition is limited to 49% if the Indonesian mining company already have Operation and Production Mining Business License and 75% if the Indonesian mining company already have Exploration Mining Business License.
Last edited by tnrlawfirm; 11-29-2013 at 10:07 PM.
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