The Lebak regency administration in Banten (a province on the island of Java) says it has not renewed the permit given to Australian company Boral Indonesia to carry out land acquisition for a planned cement plant.
Lebak regent Mulyadi Jayabaya said in a statement that the permit, which expired in 2009, had been revoked because the company had not made a serious effort to proceed with its plan to build the cement plant.
Mulyadi said a permit was previously given to the company to acquire 1040ha for the plant.
"The company could only acquire 930ha of the required land before the permit expired in March 2009."
The Investment Coordinating Board (BKPM) would find other investors for the plant project in the wake of the revocation of the permit, Mulyadi said.
"We need another investor because we have determined not to renew Boral Indonesia’s permit," he said.
Boral Indonesia had planned to build one of its largest cement factories in Lebak, including associated infrastructure, such as a port.