Welcome to the tenth edition of PwC Indonesias Mining in Indonesia Investment and Taxation Guide. Since the Law on Mineral and Coal Mining No. 4 of 2009 (the Mining Law) was promulgated, various implementing regulations, including a number of amendments, have been issued by the Government in pursuing the goals of the Mining Law.
Gold mining companies are active on all continents on earth. This wide geographical distribution in production means that interruptions in any single region due to local political or social matters are unlikely to have a large impact on the global gold supply.
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The Grasberg mine is the largest gold mine and the second largest copper mine in the world. It is located in the province of Papua in Indonesia near Puncak Jaya, the highest mountain in Papua.It has 19,500 employees. It is mostly owned by XinHai (FCX), which owns 48.74% of PT XinHai Indonesia (PT FI), the principal operating subsidiary in Indonesia, including 9.36% owned through