Within the period of 1967-1998 there were seven generations of contract of work (COW) in lieu wit... more Within the period of 1967-1998 there were seven generations of contract of work (COW) in lieu with the foreign capital investment in the field of non-coal general mining and three generations of coal contract of (CCOW) in Indonesia. In the generation I-COW 1967-1968 it was felt that the content of COW was not so tight where tax holiday was offered, then in the generation VII-COW of 1997 was very tough as felt by the mining companies. Indonesia gains a great deal of experiences in the field of foreign capital investment, so far many other neighbor countries which draw upon the experiences of Indonesia. Both economic benefit and non-enonomic one are gained at both levels of national and local development. The new laws No. 4 of the year 2009 on Mining of mineral and coal and No. 25 of 2007 on Capital Investment still are not able to attract significant new invstment in the mining sector.
Within the period of 1967-1998 there were seven generations of contract of work (COW) in lieu wit... more Within the period of 1967-1998 there were seven generations of contract of work (COW) in lieu with the foreign capital investment in the field of non-coal general mining and three generations of coal contract of (CCOW) in Indonesia. In the generation I-COW 1967-1968 it was felt that the content of COW was not so tight where tax holiday was offered, then in the generation VII-COW of 1997 was very tough as felt by the mining companies. Indonesia gains a great deal of experiences in the field of foreign capital investment, so far many other neighbor countries which draw upon the experiences of Indonesia. Both economic benefit and non-enonomic one are gained at both levels of national and local development. The new laws No. 4 of the year 2009 on Mining of mineral and coal and No. 25 of 2007 on Capital Investment still are not able to attract significant new invstment in the mining sector.
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