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TRAINING MINING – FOREIGNERS ARE OBLIGED TO DIVEST THEIR STAKE IN INDONESIA

“RUNNING”

Ikuti Training  Mining Ini Sekarang Juga Dengan Topik

“FOREIGNERS ARE OBLIGED TO DIVEST THEIR STAKE IN INDONESIA”

For Companies

 (Mining, Oil & Gas  )

Menghadirkan Pembicara Yang Handal..

Catat Info Training Mining / Pertambangan  Ini Segera Ambil Kesempatan Untuk Mengikuti
Training/Workshop  FOREIGNERS ARE OBLIGED TO DIVEST THEIR STAKE IN INDONESIA

Pesan Langsung Tiket Peserta-nya Sekarang Juga

One Day Workshop

“Training Mining – FOREIGNERS ARE OBLIGED TO DIVEST THEIR STAKE IN INDONESIA”

Tanggal  :

July 31,2012 at Intercontinental Mid Plaza Hotel – Jakarta


BACKGROUND

In the beginning of 2012 the Indonesian government issued Government Regulation No. 24 of 2012 that obliges majority or wholly foreign-owned companies holding mining licenses (called an “IUP”) or a special mining license (called an “IUPK”) in Indonesia to divest 51% of their shares of the company to an ‘Indonesian participant’ by the following stages: at least 20% by the 6th year after the commencement of commercial production; and then gradually after the commencement of commercial production at least 30% by the 7th year; at least 37% by the 8th year; at least 44% by the 9th year; and at least 51% by the 10th year.

An offer to purchase the share must first be made to the central government. If the central government is not prepared to purchase the share, then it must be offered to the provincial government or city/county government. And if they also refuse, then the shares will be offered by auction to (in order of priority) a state-owned enterprise, a regional state-owned enterprise or a national company. Failure to divest according to this schedule can lead to suspension of production and even a revocation of the mining license.

Pros and Cons raise, mining companies argue 10 years is insufficient for them to make an adequate return on their investment. They also complain about the uncertainty the new regulation brings. In particular, some companies operating under a Contract of Work with less onerous or no divestment provisions fear they will be required to renegotiate their contracts to comply with the regulation’s mandatory divestment provisions. But on this, the government appears to have given mixed signals.

 

OBJECTIVES

  • To further explain how the implementation of the Government Regulation No 24 of 2012 will conducted by the government
  • To adress what obstacles and uncertaintes will be faced by the mining companies
  • To brieve participants about legal and business implications of the new regulations and how to manage them.

 

PARTICIPANTS

This seminar will be attended by:

  • Senior Executives (CEO) of mining & investment companies
  • Legal Councel of mining & investment companies
  • Partner of Law Firms /Legal Consultants
  • Investors
  • Business Advisors
  • Government Officers
  • Academician
  • Observer

SEMINAR PROGRAM

  • 08:55 – 09:00     OPENING REMARKS

 

  • Ir. Thamrin SihiteDirector General for Mineral and Coal, Energy and Mineral Resources Ministry
  • 09:00 – 09:15     KEYNOTE SPEECH: “The development of the government’s commitment to renegotiate all mining contracts that were not in line with the 2009 Mineral and Coal Law”

 

  •  Daniel Hudges, President of American Chamber of Commerce (AmCham Indonesia)
  • 09.15 – 09.30     SPEECH : “ Foreign Investor Perception on the Issuing of GR 24/2012 and the development of contract renegotiation conducted by Indonesian Government”

 

  •  Drs. Edi Prasodjo, MScDirector of Mineral and Coal Enterprises, Energy and Mineral Resources Ministry
  • 09:30 – 10:45     “Implementation of Government regulation’s mandatory divestment provisions and Commitment of Indonesia Government for incentives and business continuity?”

 

  • Priyo Adi SoemarnoThe Former Executive Chairman Of The Indonesian Mining Association (IMA) & Mining Sector Observer
  • 10:45 – 11:00     Refreshment
  • 11:00 – 12:15     “Whatelse is there after regulation’s mandatory divestment provisions? How about ban for raw material exports? Anticipative actions for miner in Indonesia”.

 

  • 12:15 – 13:15     Lunch Break

 

  • Rozik B SoetjiptoPresident Director of PT Freeport Indonesia
  • 13:15 – 14:30     “Mutual benefit between Indonesia country and foreign investor vs Legal uncertainties: Mineral business player view of point”.

 

  • Darrell R JohnsonAdvisor of SSEK – Indonesian Legal Consultants
  • 14:30 – 14:45     Refreshment
  • 14:45 – 16:00     “Managing the Implications of Government Regulation No. 24/2012 on the Mineral & Coal Mining Business in Indonesia.”

 

 

Investment :

Dengan investasi sebesar Rp.3.994.000  Rp 2.950.000/participant  Rp.7.299.000

Yes, cukup dengan Rp 2.950.000/participant . Anda akan belajar dari yang terbaik dan langsung kepada pakar yang sudah berpengalaman. Untuk pemesanan tiket peserta silahkan hubungi kami.

Keterangan Investasi:

Normal                                                   : Rp 2.950.000/participant

Early Bird until July 10,2012       : Rp.2.500.000/participant

10% OFF for 3 or more participants from the same company/organization

Investment includes access to all seminar sessions,seminar material,lunch,refreshment breaks,delegate pack and speaker presentations

 

Form Pemesanan Tiket

Dana yang anda keluarkan, sebanding dengan apa yang akan anda dapatkan bahkan jauh lebih besar dari apa yang anda keluarkan. Untuk pemesanan tiket workshop ini silahkan hubungi kami:

Pembayaran:

Konfirmasi pembayaran Via SMS 085-711-611-924 atau melalui email ke Sales@TiketTraining.com

 
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