PROGRESSIVE LEGAL POLICY ON INVESTMENT IN THE NICKEL AND COAL MINERAL PROCESSING INDUSTRY SECTOR FOR JUSTICE AND PEOPLE'S WELFARE

Main Article Content

MARDIMAN SANE, ADI SULISTYONO, DIAN P.N. SIMATUPANG, WIWIK SRI WIDIARTY, MANOTAR TAMPUBOLON

Abstract

This study looks at the Indonesian government's policies on nickel and coal minerals in order to provide certainty and protection for both state and business actors. Government policies that do not aim for the welfare of the public result in ineffective policies that deplete natural resources but do not benefit the people. The author discusses the importance of investment law in managing natural resources and the government's failure to manage natural resources from an interdisciplinary standpoint. The study's findings on the potential of exploited natural resources and government intervention are also presented. The study examines the implications and relationship between a state that does not prosper its people and lacks a legal framework to manage nickel and coal natural resources

Article Details

Section
Public Law
Author Biography

MARDIMAN SANE, ADI SULISTYONO, DIAN P.N. SIMATUPANG, WIWIK SRI WIDIARTY, MANOTAR TAMPUBOLON

MARDIMAN SANE1, ADI SULISTYONO2, DIAN P.N. SIMATUPANG3, WIWIK SRI WIDIARTY4, MANOTAR TAMPUBOLON5#

1,4,5 Faculty of Law, Universitas Kristen Indonesia, Jakarta Indonesia

2Faculty of Law, Universitas Sebelas Maret, Surakarta, Indonesia

3Faculty of Law, Universitas Indonesia, Jakarta Indonesia

 

References

Arsil, F & Ayuni, Q (2021) IOP Conf. Ser.: Earth Environ. Sci. 940 012040 Asian Development Bank. (2005). Improving the Investment Climate in Indonesia. https://www.adb.org/sites/default/files/publication/29709/improving-investment-climate-ino.pdf

Ayu Taduri, J. (2021). The Legal Certainty and Protection of Foreign Investment Againsts Investment Practices in Indonesia. Lex Scientia Law Review, 5(1), 119-138. https://doi.org/10.15294/lesrev.v5i1.46286

Bank Indonesia. (2023). Indonesian Financial Statistic-March 2023. Bank Indonesia. https://www.bi.go.id/en/statistik/ekonomi-keuangan/seki/Pages/SEKI-MARET-2023.aspx

Blompkam et al., (2018). Understanding Policymaking in Indonesia: In Search of a Policy Cycle, Working Paper 26. The Policy Lab (The University of Melbourne) and the Indonesian Centre for Law and Policy Studies (PSHK), for Knowledge Sector Initiative. https://www.ksi-indonesia.org/file_upload/Understanding-Policy-Making-in-Indonesia-in-Searc-06Feb2018141656.pdf

Chang-fa Lo. (2017). Paradigm Shift in International Economic Law Rule-Making: TPP as a New Model for Trade Agreements?. Springer

da Rocha, F. F., & Bielschowsky, R. (2018). China’s quest for natural resources in Latin America, CEPAL Review, 126. https://repositorio.cepal.org/bitstream/handle/11362/44555/1/RVI126_Rocha.pdf

Gilpin, R. (1975). Three Models of the Future. International Organization, 29(1), 37–60. http://www.jstor.org/stable/2706285

Hartana. (2017). A Group Company Restriction on Expansion Regulation in Mining Sector in Indonesia, International Journal of Business, Economics and Law, 13(4), 43-54. https://ijbel.com/previous-issues/august-2017/vol-13-august-2017-issue-4-law/

Houde, M. & Yannaca-Small, K. (2004), “Relationships between International Investment Agreements”, OECD Working Papers on International Investment, 2004/01, OECD Publishing. http://dx.doi.org/10.1787/171461325566

Huber, I. (2021). Indonesia’s Nickel Industrial Strategy, Center for Strategic & International Studies. https://www.csis.org/analysis/indonesias-nickel-industrial-strategy

Institute for Essential Services Reform. (2021). Indonesia Energy Transition Outlook 2022 Tracking Progress of Energy Transition in Indonesia: Aiming for Net-Zero Emissions by 2050. https://iesr.or.id/wp-content/uploads/2022/01/Indonesia-Energy-Transition-Outlook-2022-IESR-Digital-Version-.pdf

Junkung Madyo, N. (2023). Implementation of Local Wisdom in Stopping Prosecutions Based on Restorative Justice. KnE Social Sciences, 8(3), 382-404. https://doi.org/10.18502/kss.v8i3.12843

Keohane, R. O. (1982). The Demand for International Regimes. International Organization, 36(2), 325–355. http://www.jstor.org/stable/2706525

Laksana, M. P. A. (2022). Export Taxes and Trade Pattern: Case from the Indonesian Mineral Industry. Jurnal Perencanaan Pembangunan: The Indonesian Journal of Development Planning, 6(1), 37 - 53. https://doi.org/10.36574/jpp.v6i1.243

Levine, R. (2021). Finance, Growth and Inequality. International Monetary Fund Working Paper. https://www.imf.org/-/media/Files/Publications/WP/2021/English/wpiea2021164-print-pdf.ashx

Media Nikel Indonesia. (2022). Grand Strategy Nikel-Kobalt di Indonesia. https://nikel.co.id/grand-strategy-nikel-kobalt-di-indonesia/

Ministry of Energy and Mineral Resources. (2021). New Mining Law, the Most Important Success of Mineral and Coal Subsector in 2020. https://www.esdm.go.id/en/media-center/news-archives/new-mining-law-the-most-important-success-of-mineral-and-coal-subsector-in-2020

Ministry of Investment (n.d). 10 Sectors with the Biggest Investment Realization in the First Quarter of 2020. Ministry of Investment. https://investindonesia.go.id/en/article-investment/detail/10-sectors-with-the-biggest-investment-realization-in-the-first-quarter-of-

Ministry of Investment. (2021). Job Creation Law Encourage Investment Create Jobs. Ministry of Investment. https://oss.go.id/en/baca/artikel/job-creation-law-encourage-investment-create-jobs

Nasir, M. (2023). Quality of Preparation of Academic Texts on Regional Regulations based on Pancasila, International Journal of Multicultural and Multireligious Understanding (IJMMU), 10(2). https://ijmmu.com/index.php/ijmmu/article/view/4493/3843

Nuraini, I., & Hariyani, H. (2019). Qualified Economic Growth as an Indicator of Economic Development. Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan, 20(1). doi:https://doi.org/10.23917/jep.v20i1.7104

OECD. (2000). Reducing the Risk of Policy Failure: Challenges for Regulatory Compliance. https://www.oecd.org/gov/regulatory-policy/46466287.pdf

OECD. (2019). Mining and green growth in the EECCA region. https://www.oecd.org/environment/outreach/20190413_Mining%20and%20Green%20Growth%20Final.pdf

Pananrangi, A. R. & Nurkaidah. (2021). Strategies for Implementing Bureaucratic Ethics in Providing Business Permit Services at the Makassar City Integrated Licensing and Investment Board Office (BPTPM), Journal of Asian Multicultural Research for Social Sciences Study, 2(3): 047-060. https://doi.org/10.47616/jamrsss.v2i3.160

Price Waterhouse Cooper. (2019). Mining in Indonesia: Investment and Taxation Guide, 11th edition. https://www.pwc.com/id/en/energy-utilities-mining/assets/mining/mining-guide-2019.pdf

Rifin, A., Feryanto, Herawati et al. Assessing the impact of limiting Indonesian palm oil exports to the European Union. Economic Structures 9, 26 (2020). https://doi.org/10.1186/s40008-020-00202-8

Rocha, E & Paul, S. (2012). Analysis: Global miners to stay in the game despite rule changes, Reuters, https://www.reuters.com/article/cbusiness-us-miners-risk-idCABRE82812Z20120309

Salim, Y., & Prisandani, U. Y. (2022). “Hostile Takeover Law and the Challenges in Market for Corporate Control: A Comparative Analysis between Indonesia and the United Kingdom”. Jambura Law Review. JALREV 4 (2): 246-269. http://ejurnal.ung.ac.id/index.php/jalrev/

Sony, (2019). Indonesia is one of the biggest mining producers in the world. Universitas Gadjah Mada, Faculty of Economics and Business. https://feb.ugm.ac.id/en/news/2878-indonesia-is-one-of-the-biggest-mining-producers-in-the-world

The Jakarta Post. (10 March,2023). Indonesia needs 6% GDP growth annually to be fifth-biggest economy by 2045. https://www.thejakartapost.com/business/2023/03/09/ri-needs-6-gdp-growth-annually-to-be-fifth-biggest-economy-by-2045.html.

The World Bank. (2022). Financial Deepening for Stronger Growth and Sustainable Recovery. https://openknowledge.worldbank.org/server/api/core/bitstreams/1d693935-3fad-55e1-91f4-3feae60dd23c/content

Venkatesan, M. & Luongo, G. (2019), "Economic Growth", SDG8 – Sustainable Economic Growth and Decent Work for All (Concise Guides to the United Nations Sustainable Development Goals), Emerald Publishing Limited, Bingley, pp. 39-64. https://doi.org/10.1108/978-1-78973-091-320191006

Visiglobal, (2021, August 25). Coal Business Stays on High-Demand During the Pandemic. https://visiglobal.co.id/cantingqind/coal-business-stays-on-high-demand-during-the-pandemic/2021/08/