Mutiny of the miners

Article Abstract:

Indonesian mining companies are expressing strong opposition to measures which they regard as attempts by the government to nationalize the industry. The government plans revisions to new mining contracts which, among other things, will give it a free, open-ended 10% stake and will force mining companies to have full Indonesian management. The Indonesian Mining Association has stated that it is not prepared to negotiate with the government, and experts believe that the new policies could inflict permanent damage on an industry which is already in a weak condition.

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What's yours is mine: Irianese riots signal tough times for prospectors

Article Abstract:

Rioting tribesmen in Irian Jaya threaten the giant Freeport McMoRan Copper & Gold operation there as well as potential new mines, though the cause of the violence remains unclear. Riots in the mining camp Tembagapura and the town Timika arose partly from resentment that Sulawesi and other migrants are taking over the local economy, but also represent conflict between different tribes over which will get jobs and other spoils of the mines. Organizers may have played a leading role in inciting the riots, as well.

Foreign operations, Political aspects, Freeport-McMoRan Copper and Gold Inc., FCX, Irian Jaya, Indonesia

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Another cave-in

Article Abstract:

The Indonesian Minister for Mines and Energy, I.B. Sudjana, has been forced to withdraw from imposing changes to mining contracts. The proposed changes would have deterred foreign mining companies and included a free stake of 10% for the government when a company achieved a mining find, with a possible expansion of that stake. The changes were opposed by the Director-General of General Mining, who lost his post two days after he criticised the proposals, though he has since achieved promotion.

Economic policy

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