Minister: Nickel and Bauxite Have Opportunities to Join Critical Mineral Cooperation with Saudi Arabia
Fri 18 Apr 2025, 19:15 PM
Share
Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia is targeting a number of critical mineral commodities to be included in the scope of investment cooperation between Indonesia and Saudi Arabia.
This cooperation itself has just entered the stage of signing a memorandum of understanding (MoU) by Bahlil and the Saudi Arabian Minister of Industry and Energy, Thursday (17/4/2025). The cooperation opportunities include investment in critical mineral commodities.
"They want to cooperate, especially in the mining sector and they are also now expanding from oil to their minerals," he told reporters when met at the Presidential Palace Complex, Jakarta, Thursday (17/4/2025).
Bahlil said Indonesia is open to the opportunity for cooperation. Not only the government and BUMN, the private sector is also invited to be able to realize the critical mineral cooperation in question.
“They want to cooperate with the Indonesian government and Indonesian entrepreneurs, both state-owned and private, and we are open, we also invite them to build investments together, especially in critical minerals”, said the figure who is also the General Chairman of the Golkar Party.
In the future, the government will form a small Ad Hoc team to follow up on the MoU that has been signed by the two countries. The team, said Bahlil, is still being formed. He said there are a number of critical mineral commodities that have the potential to be included in the scope of cooperation.
"There is nickel, then bauxite, then some like manganese, like that," he said.
Based on previous Bisnis reports, the Minister of Industry and Mineral Resources of the Kingdom of Saudi Arabia, Bandar Al-Khorayef, also visited the state-owned mining holding company, MIND ID, on Tuesday (15/4/2025).
The Saudi Arabian Kingdom official discussed the potential for strengthening cooperation in developing downstreaming and transforming the mining industry with MIND ID.
Al-Khorayef said in his statement that Saudi Arabia's mineral reserves have increased by 90% in the last five years. This is considered to strengthen Saudi Arabia's position as a new global center for processed minerals.
Advertisement
