Non-mining areas key issue in Vale’s contract renegotiation
The Energy and Mineral Resources Ministry and nickel miner PT Vale Indonesia are still hammering out issues relating to Vale’s contract renegotiation.
The ministry’s director general for minerals and coal, R. Sukhyar, recently said Vale had agreed to return around 83,000 hectares (ha) of its concession area to the government.
However, he said, both parties were still negotiating to accommodate requests by the local administration regarding the utilization of areas that had not been mined or explored. These areas have been left idle.
Read more at: http://www.thejakartapost.com/news/2014/06/10/non-mining-areas-key-issue-vale-s-contract-renegotiation.html
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