Showing posts with label mining. Show all posts
Showing posts with label mining. Show all posts
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Confidential reports on Lapindo mudflow leaked to wiki

Tuesday, August 3, 2010

 

Two confidential reports about Lapindo mudflow were uploaded to wikileaks. Here’s an excerpt from the wikileak page:

UK geologists downplayed Lapindo's argument and concluded that the earthquake was merely coincidental. While it could have generated a new fracture system and weakened strata surrounding the Banjar-Panji 1 well, it could not have been the cause of the formation of the hydraulic fracture that created the main vent 200 m (660 ft) away from the borehole. Additionally there was no other mud volcano reported on Java after the earthquake and the main drilling site is 300 km (190 mi) away from the earthquake's epicenter. The intensity of the earthquake at the drilling site was estimated to have been only magnitude 2 on Richter scale, the same effect as of a heavy truck passing over the area.

Read more.

 

The New Indonesian Mining Law

Thursday, July 23, 2009

ABNR/CastleAsia provided update on the new mining law here. The Jakarta Post published some report on divestment obligations for foreign mining firms here and here. A rather academic discussion is available on a paper here. IFLR published a memo on mining -- quite thorough here. There's a presentation giving a quite extensive overview on mining law here. There is also a short memo from Makarim, as well as Roosdiono.

Well, that should save some time for your research work -- and to ask more difficult question to your lawyers :)