https://newsletter.mw.creamermedia.com
Business|Energy|Mining|Resources|Products
Business|Energy|Mining|Resources|Products
business|energy|mining|resources|products

Indonesia working to approve more nickel, tin quotas

27th February 2024

By: Reuters

  

Font size: - +

JAKARTA - 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, but Tri specified that the volumes approved so far are only for 2024.

"This (volume) is for this year. We continue to accelerate the approval process," he 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 a number of private tin companies.

Edited by Reuters

Comments

Latest News

An image showing the Kloof gold mine
Sibanye-Stillwater secures six health and safety awards
18th November 2024 By: Tasneem Bulbulia

Showroom

AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 
Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer
Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.077 0.183s - 150pq - 2rq
Subscribe Now