Indonesia to revise rules on coal contract extensions: Official

Under proposed changes, miners can apply for extensions to mining rights between five years and one year before contracts expire
Indonesia to revise rules on coal contract extensions: Official JAKARTA: * Indonesia's Energy and Mineral Resources Ministry plans to revise rules on mining rights held by miners under Coal Contract of Work (CCOW), an official at the ministry said on Monday

* Under proposed changes, miners can apply for extensions to mining rights between five years and one year before contracts expire

* Existing rules only allow miners to apply for extensions between two years and six months before contracts expire

* Proposed changes are governed in a revision of a presidential decree that is currently being checked by the Law and Human Rights Ministry, said Hufron Asrofi, head of the energy ministry's legal bureau

* With the revision, extended contracts would transfer into special mining permits (IUPK)

* "Hopefully the revision can be completed this year," Asrofi said