Indonesia seeks 10 percent royalties from miners with long-term contracts

Posted on September 21, 2012 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

(Reuters) – Indonesia wants miners with long-term contracts to hike export royalty payments to 10 percent in renegotiated deals, a deputy minister said on Friday, from as little as 1 percent now, as the country looks to boost revenue from its resources.

http://www.reuters.com/article/2012/09/21/us-indonesia-mining-royalties-idUSBRE88K0MF20120921