Friday, April 19, 2024

Bangka Belitung seeks approval for community mining as tin export plummets

Reading Time: < 1 minute
Audina Nur

Journalist

Editor

Interview

The Bangka Belitung provincial administration seeks expedited approval for community mining permits (IPR) from tin mining blocks that have recently been designated as areas for community mining (WPR) amid the decline in tin exports from the province in the last three months.

“Psychologically, we (local government) want it fast because we see an extraordinarily sharp decline in exports. Even in January 2024, there was zero export,” Acting Governor of Bangka Belitung, Safrizal ZA, told a hearing with the House of Representatives’ (DPR) Commission VII in Jakarta, on Tuesday, March 26, 2024.

Safrizal cited that the environmental impact analysis (AMDAL) are among the obstacles in applying for IPR. The reason being, these requirements have not been clearly detailed as prerequisites for applying for mining permits from several community tin mining blocks.

“Several issues that need to be resolved include environmental documents, what form they take, and who decides,” he said.

The Ministry of Energy and Mineral Resources (ESDM) has designated 123 WPR blocks covering an area of 8,568 hectares (ha) in the Bangka Belitung Province.

This determination was signed by the Minister of Energy and Mineral Resources (ESDM), Arifin Tasrif, through a Decree on Mining Areas per Province throughout Indonesia on April 21, 2022. However, as of now, no IPR has been issued in Bangka Belitung.

East Belitung Regent, Burhanudin, said that the economy in his region has come to a standstill due to the decline in tin exports earlier this year. He hopes that with the issuance of IPR, community-owned tin mines can be subsequently purchased by PT Timah (TINS). “Meanwhile, PT Timah only accommodates WPR within the Tin IUP, which is very limited,” said Burhanudin.

Audina Nur

Journalist

 

Editor

 

Interview

SUBSCRIBE NOW
We will provide you with an invoice for your reimbursable expenses.

Free

New to Indonesian market? Read our free articles before subscribing to the premium plan. If you already run your business in Indonesia, make sure to subscribe to the premium subscription so you won’t miss any intelligence & business opportunities.

Premium

$550 USD/Year

or

$45 USD/Month

Cancelation: you can cancel your subscription at any time, by sending us an email inquiry@ibp-media.com

Add keywords to your market watch and receive notification:
No topics
Schedule a free consultation with us:

We’ll contact you for confirmation.

FURTHER READING

PT MRT Jakarta sealed on Wednesday, April 17, 2024, a partnership agreement with Sojitz Corporation for the Phase 2A construction of railway tracks and signaling systems from the Hotel Indonesia turnabout  to Kota, valued at IDR 4.7 trillion (about US$ 290 million).
PT Asuransi Allianz Life Indonesia (Allianz Life) and PT Bank HSBC Indonesia (Bank HSBC) on Thursday, April 18, 2024, launched a financial protection product − the Premier Legacy Assurance − in the form of inheritance to support customers’ prosperous family life in the future.
Coordinating Minister of Maritime Affairs and Investment, Luhut Binsar Pandjaitan, has announced that the government is prepared to provide incentives to attract investments from Apple Inc., akin to those in India and Thailand.
Abu Dhabi Islamic Bank (ADIB) is reportedly in talks to acquire a stake in PT Bank Syariah Indonesia (BRIS) worth approximately US$1.1 billion (IDR 17.98 trillion).
PT Harum Energy (HRUM) is about to release a maximum of 49 percent of its shares in subsidiaries in the nickel business, PT Harum Nickel Perkasa (HNP) and PT Tanito Harum Nickel (THN), to Chinese stainless steel smelting giant Eternal Tsingshan Group.
PT Atlantis Subsea Indonesia (ATLA) made a remarkable debut on the Indonesia Stock Exchange (BEI) on April 16, 2024, raising IDR 120 billion (US$7 million), and thus becoming the 21st issuer on the exchange this year.