Has anybody seen today's papers? "Indonesia shocks miners!"
Sounds just like Mugabe's plans for Zimbabwe:
AUSTRALIAN resources companies were last night scrambling to interpret new foreign ownership rules in Indonesia, which threaten to bring billions of dollars worth of projects under Indonesian control.
The new rules will force some foreign companies to gradually divest their stake in Indonesian projects down to a maximum of 49 per cent, with the majority to be owned by Indonesian companies or arms of government.
The divestment must be completed by the 10th year of production at the mine, and appears to be particularly aimed at approvals granted after 2009.
Read more: http://www.brisbanetimes.com.au/business/indonesia-shocks-miners-20120308-1un6h.html#ixzz1oZNWQBD0
Has anybody seen today's papers? "Indonesia shocks...
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