Affiliated Mining Services Provider Regulation

AuthorWilliam A. Sullivan/Christian Teo Purwono & Partners
ProfessionLicensed Foreign Advocate in Indonesia as well as a Solicitor of the Supreme Court of New South Wales
Pages65-70
CHAPTER 5
Afliated Mining Services
Provider Regulation
I. Executive Summary
1. Overview
The Afliated Mining Services Provider Regulation (hereinafter referred to as
DGoMCR 376/2010) was issued with legal effect from May 10, 2010,
and by way of implementation of Article 9 of GR 28/2009.
2. Approach
2.1 Afliated Mining Services Provider: An Afliated Mining Services
Provideris a business entity having any of the following relationships
with an IUP/IUPK holder.
a. The IUP/IUPK holder has not less than 20% direct share ownership
in the Afliated Mining Services Provider;
b. The IUP/IUPK holder has some direct share ownership in the
Afliated Mining Services Provider and has not less than 50% of
the voting rights in respect of the Afliated Mining Services Pro-
vider pursuant to an agreement allowing the IUP/IUPK holder to
indirectly control the nancial and operational policies of the
Afliated Mining Services Providers; or
c. The IUP/IUPK holder is authorized to appoint or dismiss the
Finance Director, the Operational Director, or other similar execu-
tives of the Afliated Mining Services Provider.
2.2 Appointment: An IUP/IUPK holder may only appoint an Afliated
Mining Services Provider in certain circumstances where:
a. There is no similar[unafliated] Mining Services Provider in the
subject Regency/City and/or Province; or
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