Indonesia’s Mining Industry, 1997–2014: An Institutional Assessment

Wahyu Prasetyawan ()
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Wahyu Prasetyawan: Islamic State University Syarif Hidayatullah

Chapter 9 in Southeast Asia beyond Crises and Traps, 2017, pp 251-276 from Palgrave Macmillan

Abstract: Abstract This chapter argues that the 1997–98 crisis and Law 4 2009 drastically transformed the distribution of rents from mining resources among the players who include the central and local governments and the foreign companies. The enactment of Law 4 2009 on minerals and coal and its implementing regulations specifically expanded the power of local governments. This law banned the export of raw minerals. A moderate but stagnant economic growth of about 5 per cent in 2014 did not constitute a strong economic basis for a prolonged export restriction of unprocessed minerals. Therefore, the government had to settle with foreign mining companies in the country.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-3-319-55038-1_9

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DOI: 10.1007/978-3-319-55038-1_9

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