In principle, the government respected the contracts but deemed it necessary to review unfair contracts, Finance Minister Agus Martowardoyo said at the State Palace here on Wednesday.
"In 2011 there are many contracts of work and so forth that we need to review to see whether or not they represent win-win solution and whether or not they are abnormal. That`s what we want to review and study," he said.
But he stopped short of naming the foreign mining companies.
"All of them. We cannot mention them. But they are mostly engaged in natural resources management," he said.
Basically, the government intended to increase state revenues, create more jobs and give added value to the country`s natural resources so that it deemed it necessary to review the contracts, he said.
Yet the government had not calculated the amount of state losses resulting from unfair contracts, he said.
In addition, the government also did not consider such crucial issues as environment management obligations when signing the contracts, he said. (*)
Editor: Kunto Wibisono
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