Tuesday, February 12, 2008

Why Indonesia Misses Out on the Global Resources Boom?

Indonesia is one of the world's most prospective countries, with large seams of copper, gold and nickel yet untapped under the ground, mining analysts say. Yet there have been no large new mines developed since the Asian financial crisis in the late 1990s, meaning Indonesia is missing out on revenue from current high global prices for natural resources.


One major obstacle to foreign investment is fighting between the central and local governments over who should control mineral resources. Indonesia's parliament has been debating a new mining law which aims to settle those differences, but has as yet been unable to reach a compromise law.

More from this WSJ story.

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