Glossary of Defined Terms

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
Glossary of Dened Terms
Activities Report Report by IUP/IUPK holder on the carrying out
of its Work Plan to be prepared and led with
the Relevant Government Authority quarterly,
semiannually, and annually.
Afliated Mining Ser-
vices Provider
Business Entity providing mining services and
having any of the following relationships with an
IUP/IUPK holder:
a. The IUP/IUPK holder has not less than a
20% direct share ownership in the Business
b. The IUP/IUPK holder has some direct share
ownership in the Business Entity and has
not less than 50% of the voting rights in
respect of the Business Entity pursuant to an
agreement allowing the IUP/IUPK holder to
indirectly control the nancial and opera-
tional policies of the Business Entity; or
c. The IUP/IUPK holder is authorized to
appoint or dismiss the nance director, the
operational director, or other similar exe-
cutives of the Business Entity.
AMDAL Environmental impact analysis of proposed min-
ing business activities.
AoA Articles of Association of a Business Entity.
APBD Regional Government Revenue Expenditure
In the event a Rent Use Permit application is
approved, MoFOR will, rst, issue an Approval-
in-Principle License with a maximum initial
validity period of two years but extendable,
subject to evaluation by MoFOR.

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