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Jakarta Post

Outlook 2021: Govt to push downstream mining industry as coal, metals rebound gently

  • Norman Harsono
    Norman Harsono

    The Jakarta Post

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Jakarta   /   Tue, January 5, 2021   /  07:19 pm
The Jakarta Post Image
The Pomalaa nickel smelter in Kolaka, Southeast Sulawesi, operated by state-owned metal miner PT Aneka Tambang (Antam).(Handout/Antam)

Indonesia is poised to spend this year catching up on plans to develop a downstream mining industry as the country races against time to adapt to a long-term global shift in ore demand away from coal towards metals, while prices are expected to rebound gently. Coal miners plan to continue studying the development of a downstream industry, while metal miners plan to resume their pandemic-delayed metal smelter projects. The latter particularly applies to nickel miners, who were the first to experience a government raw metal export ban. State-owned mining holding company MIND ID hopes to close several deals early this year related to the formation of a flagship, nickel-rich electric vehicle (EV) battery industry in Indonesia. “Nickel is expected to become an alternative to the coal industry that has all this time been a major contributor to the mining sector,” said Samu...