Monday, April 29, 2024

Govt to enhance mining sector oversight, revoke inactive permits

Reading Time: < 1 minute
Audina Nur

Journalist

Editor

Interview

In a move to strengthen regulatory oversight in the mining sector, the Indonesian Ministry of Energy and Mineral Resources (ESDM) has revoked thousands of inactive mining permits (IUPs).

Arifin, a spokesperson for the ministry, elaborated on the rationale behind these measures, stating, “This initiative is aimed at fostering responsible mining practices and ensuring compliance with established operational and environmental standards.”

The revocation process was conducted with meticulous care, allowing affected parties to contest decisions and provide evidence to support their claims, ensuring procedural fairness and transparency. Arifin reiterated the government’s commitment to promoting sustainable resource management and safeguarding Indonesia’s natural heritage for future generations.

The cancellation of permits underscores the government’s resolve to streamline administrative processes and combat irregularities within the sector. Arifin emphasized the importance of these measures in fostering a conducive environment for sustainable resource utilization and equitable development.

Moving forward, Arifin highlighted the ministry’s plans to enhance transparency and accountability within the sector, including the implementation of digital systems to monitor mining activities and track compliance with regulatory requirements.

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

The International Business Confidence Index (BCI) 2024 survey, conducted by the British Chamber of Commerce in Indonesia (BritCham), has highlighted Indonesia’s positive trajectory as an investment destination.
An executive with East Ventures, an international venture capital firm, says that the conclusion of the 2024 Indonesian general elections has influenced foreign investors’ confidence in Indonesia, with many of them being increasingly enthusiastic about the development of the Nusantara Capital City (IKN).
The Japanese government has announced plans to develop a 5G Open Radio Access Network (Open RAN), an architecture concept in telecommunication networks that allows operators to select and combine hardware and software from various vendors.
Reports from global consulting, business intelligence and investment firms − Bain & Company, GenZero, Standard Chartered, and Temasek − have identified 13 most potential decarbonization investments in Southeast Asia, amounting to US$150 billion (Rp2.434 trillion).
The Indonesian government is partnering with China and Singapore to encourage investors from both countries to invest in seaweed development projects in Indonesia.