The Indonesian Ministry of Energy and Mineral Resources (ESDM) has unveiled an ambitious plan to construct 16 integrated mineral refining facilities across the archipelago by 2024, representing a transformative investment of US$11.6 billion (IDR 165.2 trillion).
“These smelters are pivotal for Indonesia’s industrial growth and the optimization of our vast mineral resources.” Acting Director General of Minerals and Coal at the Ministry of Energy and Mineral Resources, Bambang Suswantono, said on Tuesday, March 19, 2024.
Substantial progress has already been made in the construction of nickel and bauxite smelters, with numerous units operational and contributing to the country’s economic development.
Suswantono underscored the strategic significance of these projects, asserting, “The establishment of these smelters not only fosters job creation but also solidifies Indonesia’s position as a global leader in mineral processing.”
Nevertheless, challenges persist, with several smelters still undergoing construction. Suswantono reassured stakeholders of the ministry’s unwavering commitment to overcoming obstacles and ensuring the timely completion of these critical facilities, emphasizing their paramount importance for Indonesia’s economic resilience and industrial advancement.
Despite the progress, Suswantono acknowledged the need for continued efforts to streamline regulatory processes and attract further investment in the sector. He emphasized the importance of collaboration between the government and industry stakeholders to address logistical challenges and expedite project timelines.
