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From what I read, the 49% clause only applies to - Izin Usaha...

  1. mtm100
    1,239 Posts.
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    14/03/12
    21:17
    Post #: 9840255
    From what I read, the 49% clause only applies to
    - Izin Usaha Pertambangan (IUP) mining business licences or
    - Izin Usaha Pertambangan Khusus (IUPK) Special Mining Business Licences,
    not to our existing COW:

    http://www.highgrade.net/article/2012-03-14/Indonesian_rules_leave_expats_guessing
    IDO Price at posting: 24.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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