| Countries covered: Indonesia The mining industry in Indonesia is anticipated to grow by 10.9% from 2010 to 2015. Indonesia is one of the world's largest producers of tin after China, coal (ranked the third largest thermal coal exporter after Australia and South Africa) and copper (ranked third largest, after the USA and Chile). It also produces significant quantities of gold and nickel. Minerals and related products represented nearly 20% of Indonesia's total exports, with gold being the largest revenue earner. Indonesia is also a producer of bauxite, phosphates and iron sand, with potential for alluvial diamond production as well. However, even a country with vast reserves will not have a robust and healthy mining industry if the government does not support it properly. Therefore, efforts to attract foreign investors in the Indonesian mining sector needs to be supported by good governance, a stable economic system, and political and legal certainty. Despite being conveniently situated on the Pacific Rim, close to Asian and Australian markets, exploration and development in Indonesia have experienced several setbacks. Aside from the Bre-X Busang scam, the industry has been experiencing extreme pressure from environmental and social groups with respect to mining activities. Legislation introduced by the Indonesian government calls for the protection of forested areas, including prohibition of any prospecting or open cast mining to occur in these areas, subject to specific approval from the government. This excludes large parts of prospective areas in Indonesia as well as terminating several ongoing exploration programs that already spent a large amount of money on exploration. The Indonesian mining industry supports the principle of regional autonomy. But mining companies still need more information and proper clarification on the further course of action to be taken by the government in preparation of the full implementation of regional autonomy, now possibly being revised. The Yudhoyono administration has gradually been reforming the business environment, particularly by strengthening the legal system and fighting corruption. If sustained, this would boost investor interest in Indonesia. Although reform has been slow, the government has shown itself to be increasingly willing to address important issues. In this industry scenario, Taiyou Research analyzes the Indonesian Mining Industry. The report covers the following:
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