Transfers of Mining Licenses and Areas Regulated Further

As addressed under Regulation of the Government No. 96 of 2021 on the Organization of Mineral and Coal-Mining Business Activities (“ Regulation 96/2021 ”), [1] holders of Mining Business Licenses (Izin Usaha Pertambangan– “ IUP ”) or Special Mining Business Licenses (Izin Usaha Pertambangan Khusus– “ IUPK ”) may only transfer said licenses once they have secured official approvals from the Minister of Energy and Mineral Resources (“ Minister ”). [2]