Indonesia Miner
Welcome to Indonesia Miner
Home / Directory / List News / Detail News

Indonesia Mining Ministry Working to Approve More Nickel, Tin Quotas

Mining.com / Stock photos

Tue 05 Mar 2024, 13:44 PM

Share

Events

Indonesia’s ministry is trying to address delays in approving new mining volume quotas, an official at the Energy and Mineral Resources Ministry said on Monday.

The ministry so far has issued approvals for quotas, known by the Indonesian acronym RKAB, for 145 million metric tons of nickel ore and 14 million tons of bauxite, said Tri Winarno, the ministry’s director of mineral business development, adding that the focus is currently on RKAB approvals for nickel and tin mining.

Indonesia, this year, extended the validity of RKAB to three years from one year to reduce the frequency that companies needed to apply for the quotas. However, Tri specified that, so far, the volumes approved are only for 2024.

“This (volume) is for this year. We continue to accelerate the approval process,” Tri said.

Tri did not specify how many companies have acquired the RKAB approvals.

Miners and smelting companies have been concerned by delays in the approvals, without which they cannot conduct mining activities.

In January, exports of Indonesia’s tin products dropped 99% because of the delay.

Tri said Indonesia’s largest tin miner, state-controlled PT Timah, has been granted its mining quotas as well as several private tin companies.


Image source: Mining.com / Stock photos
Source: https://www.mining.com/web/indonesia-mining-ministry-working-to-approve-more-nickel-tin-quotas-official-says/ 

Image source: Mining.com / Stock photos

Source Link: https://www.mining.com/web/indonesia-mining-ministry-working-to-approve-more-nickel-tin-quotas-official-says/

Advertisement

Relate News

News
17 Jan 2024, 09:00 AM

United Tractor (UNTR) Spends IDR 23.7 M on Exploration in Sibolga

EmitenNews.com
2546 Views
News
12 Aug 2024, 13:40 PM

Mifa Presents Clean Water Solutions for Communities Around the Mine

www.acehportal.com
1224 Views
News
29 Oct 2024, 06:10 AM

BUMA secures USD 7.8 billion contract extension from Bayan Resources subsidiary

PT Delta Dunia Makmur
726 Views
News
17 Jul 2024, 20:30 PM

Delta Dunia Group Acquires US Mining Company USD 122.4 Million

deltadunia.com
1642 Views
Hello! We would like to talk to you.Please fill the details below to start chatting with us.