Loading ...Philippines & Indonesia: Mining companies face increased compliance risks, further uncertainty
•Both the Philippines and Indonesia are seeking to reinforce environmental regulations and increase revenues from the mining sector, compounding longer-term difficulties for mining operators in both countries.
•Mining firms could face penalties for not complying with previously unenforced regulations, especially in the Philippines where President Rodrigo Duterte has spoken against the negative effects of mining on communities.
•Meanwhile, mining companies in Indonesia could suffer from the planned transfer of licencing powers from local to provincial authorities as well as government demands for greater shares of revenue in mining contract negotiations.