LONDON — — — It’s a common refrain in Indonesia: If the mining industry is strong, there will be a boom in the country’s economy.
This has been the case for decades, and has been true even after a decade of a mining boom that brought in millions of dollars in annual revenue for the country.
Indonesia has been hit hard by a surge in global demand for mineral-rich ore, and its mining sector has been plagued by the collapse of many mines and an ongoing shortage of workers, as well as a lack of infrastructure, including roads, power and water, and other infrastructure.
Its government has made efforts to tackle the problems, but it’s too late to reverse the trend, said David Cairns, an economics professor at the Australian National University.
Companies have responded by hiring fewer workers, cutting corners in the construction and installation of new mining equipment and laying off workers, he said.
A recent report by a consulting firm found that Indonesia has the second-highest number of mining-related deaths in the world, behind the United States, with about 4,000 deaths per year.
While the country has the world’s largest mining sector, Indonesia is home to a population of only around 1.2 million people, and many locals are reluctant to accept the high cost of mining.
Even in cities like Jakarta, where mining is plentiful, the mining and construction industry remains underdeveloped and unprofitable, Cairn said.
The mining industry in Indonesia has grown to more than $7 billion, with more than one-third of the country being active, according to the government.
Mining is an important source of income for the economy, with an estimated $10 billion going into the economy each year, according the mining ministry.
The mining sector in Indonesia is dependent on mining to keep its economy going.
Mining in the whole of Indonesia, including the mines, mines, and mines and mines, is the most important industry in the nation, according official figures, according and the country also has a relatively high number of mines.
But that’s not enough to help offset the rising costs of mining and the challenges it creates, said Daniel Linsley, an economist at the University of Sydney.
In some mining communities, like the southern province of Kalimantan, the local population does not accept the rising cost of the mining boom.
There are pockets of the region where locals do not want the mines to expand, Linsly said.
The mining industry has seen its productivity and the economic impact of the boom diminished, he added.
“The mining boom has been very good for the government, and it’s been good for business,” he said, referring to the country as one of the biggest producers of gold, platinum and other commodities in the Middle East.
Linsley said that despite its economic challenges, Indonesia’s mining industry can still be a success story.
It is one of a handful of countries in the region with a mining sector that is relatively well capitalized, he noted.
However, the country still faces the challenges of rising costs, poor infrastructure and a lack on government support, including for schools, hospitals and education.
An influx of foreign investors has been a big driver of the growth in the mining sector over the last few decades, according an Indonesian official.
Investors in Indonesia have poured into the country, particularly in the last five years, as companies have expanded operations, and the government has opened up its mines to foreign investment, said Linsby.
This has helped the country increase its exports, which have increased by almost a third over the past five years.
The number of foreign investment dollars flowing into Indonesia’s economy has increased from $6 billion in 2005 to more $12 billion in 2017, according data from the government and industry body EKMA.
According to a 2016 report by the Indonesia Institute of Mining and Economic Studies, the economy grew 4.6 percent in the first three months of 2018, compared to the same period in 2017.
The country is also among the fastest growing economies in the Asia-Pacific region, according EKMES.