TheJakartaPost
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Industry players warn that a push to diversify investment in Indonesia’s minerals sector under the Agreement on Reciprocal Trade (ART) signed with the United States last week must not disrupt the nickel ecosystem.
Nickel miner PT Vale Indonesia is seeking approval to revise its annual production plan (RKAB) after revealing that its current ore production quota is insufficient to meet supply commitments for three major high-pressure acid leach (HPAL) projects.
Green energy subsidies, expanding tax incentives for green technologies, price control mechanisms like contracts for difference and more coordinated financial assistance will ease the burden of industrial decarbonization projects.
The energy minister has announced the move to undo last year’s implementation of the three-year approval process via the e-RKAB platform, which had led to overproduction and weaker oversight as well as reduced tax collection.
