The 3rd Mining Legal Conference 2019
On 17 July 2019, our senior partners, Pramudya A. Oktavinandaand Reggy Firmansyah spoke in the 3rd Mining Legal Conference 2019 on structuring foreign ownership in Indonesian mining companies through capital market and issues arising from the conversion of Coal Contract of Work (‘’CCoW’’) into Special Mining Business License Operation Production (‘’IUPK OP’’), respectively. The event was packed and attended by fellow advocates, consultants and representatives from various local and global mining companies. During the seminar, Reggy discussed the procedures to convert a CCoW into IUPK OP and the consequences of such CCoW conversion, including the total mining area post extension, payment of Non-Tax State Revenues, and most importantly, chances to obtain any extension to the IUPK OP. Meanwhile, Pram shared his insights on the concept of indirect/portfolio investment in capital market, divestment via IPO, and how this affects foreign investment structure in mining companies.