Glossary of Defined Terms

• Author: William A. Sullivan/Christian Teo Purwono & Partners
• Profession: Licensed Foreign Advocate in Indonesia as well as a Solicitor of the Supreme Court of New South Wales
• Pages: 481-490

Glossary of Defined Terms

Activities ReportReport by IUP/IUPK holder on the carrying out

of its Work Plan to be prepared and filed with

the Relevant Government Authority quarterly,

semiannually, and annually.

Affiliated 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

Entity;

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 financial and opera-

tional policies of the Business Entity; or

c. The IUP/IUPK holder is authorized to

appoint or dismiss the finance 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

Budget.

Approval-in-Principle

License

In the event a Rent Use Permit application is

approved, MoFOR will, first, 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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