JAKARTA, Indonesia (AP) - Indonesian lawmakers have passed a new mining law that will give the mineral-rich nation greater control over its resources, though analysts warn it could deter investment by multinational corporations.
Indonesia has some of the world's most abundant reserves of coal, copper, gold, tin and nickel and has lured mining giants like Denver-based Newmont Mining Corporation, Freeport-McMoran Copper & Gold and the Rio Tinto Group - most of whom arrived before the 1998 ouster of longtime dictator Suharto.