Deal #10148

Indonesia
Created at
2023-09-22
Last update
2023-10-10

Land area

Intended size
124 ha
Size under contract (leased or purchased area)
  • [2017, current] 119.16 ha
Comment on land area
This 119.16 hectare area is still in location designation status, and has not yet received an operational permit or mining production permit.

Intention of investment

Intention of investment
  • [2017, current] Mining, Renewable energy unspecified (124 ha)

Nature of the deal

Nature of the deal
Outright purchase
Comment on nature of the deal
Based on the project plan, land acquisition for mining operations comes from purchasing or compensating residents' land.

Negotiation status

Negotiation status
  • [2023-06-03, current] Contract expired
  • [2021-06-07] Concluded (Contract signed)
Comment on negotiation status
The location determination limit ends on June 6, 2023.

Implementation status

Implementation status
  • [2018, current] Startup phase (no production)
Comment on implementation status
Even without a mining permit and there are rejections regarding the project, the mine continues to operate. It is targeted to finish construction in December 2024

Purchase price

Purchase price
265 000
Rp
per ha
Purchase price area
2 650 000 000 ha
Comment on purchase price
Land compensation in Wadas Village is valued at IDR 213 thousand to IDR 265 thousand per meter.