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Jakarta Post

Who handles what? BKPM’s announcement on immediate nickel export ban stirs controversy

  • Norman Harsono

    The Jakarta Post

PREMIUM
Jakarta   /   Wed, October 30, 2019   /  09:20 am
The Jakarta Post Image
Activities at a nickel mining site.(Kontan/Cheppy A. Muchlis)

The Investment Coordinating Board’s (BKPM) announcement of an immediately effective nickel export ban two months ahead of schedule and without any legal basis has surprised not only local industry players but also the global market. The newly installed chief, Bahlil Lahadalia, whose announcement was riddled with nationalistic rhetoric, said the agreement did not involve any written document but was based on “a collective awareness [between stakeholders] as children of the nation” after holding a closed-door meeting with miners. Two mineral resources experts told The Jakarta Post on Tuesday that without issuing a regulation, the BKPM’s declaration of an accelerated export ban was basically invalid. “Furthermore, the BKPM is not the authority in charge of the [mining] sector. In this case, it’s the Energy and Mineral Resources [ESDM] Ministry,&r...