Progressive Legal Policy on Investment in the Nickel and Coal Mineral Processing Industry Sector for Justice and People's Welfare

Sane, Mardiman and Sulistyono, Adi and Simatupang, Dian P.N. and Widiarty, Wiwik Sri and Tampubolon, Manotar (2023) Progressive Legal Policy on Investment in the Nickel and Coal Mineral Processing Industry Sector for Justice and People's Welfare. RUSSIAN LAW JOURNAL, 11 (10s). pp. 369-380. ISSN 2312-3605

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Abstract

This study looks at the Indonesian government's policies on nickel and coal minerals in order to provide certainty and protection for both state and business actors. Government policies that do not aim for the welfare of the public result in ineffective policies that deplete natural resources but do not benefit the people. The author discusses the importance of investment law in managing natural resources and the government's failure to manage natural resources from an interdisciplinary standpoint. The study's findings on the potential of exploited natural resources and government intervention are also presented. The study examines the implications and relationship between a state that does not prosper its people and lacks a legal framework to manage nickel and coal natural resources. Keywords: nickel; coal; natural resources; investment law; welfare

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