#Natural Resources
Indonesia invites U.S. investment in critical minerals for battery ecosystem collaboration
Indonesia has signaled an interest in working with the United States on critical mineral supply chains, but on condition that the investment must flow into the country.
Indonesia-U.S. IDFC explore investment partnership in critical minerals, energy
The Indonesian government, through its sovereign wealth fund managemen agency Danantara, is exploring a partnership with the United States International Development Finance Corporation (U.S. IDFC), focusing on financing investment in critical minerals and the energy sector.
Indonesia proposes Rp2.2 T to build 100 integrated fishermen villages
The Ministry of Marine Affairs and Fisheries (KKP) has proposed a budget of Rp2.2 trillion (US$135.7 million) for the development of 100 Kampung Nelayan Merah Putih, or "Red and White Fishermen Villages," as part of a nationwide initiative to boost coastal community livelihoods and advance the country’s blue economy.
Government prepares for departure of international oil companies
International oil and gas companies are slowly leaving projects in Indonesia. Chevron will be leaving the Indonesia Deepwater Development (IDD) project in East Kalimantan, while Shell will be leaving the Masela Block, which is a giant natural gas project in Maluku.
Ministry yet to issue export recommendation letter for mining companies
The Ministry of Energy and Mineral Resources is yet to issue the recommendation letter allowing mineral export for five companies that have obtained mineral export license.
Indonesian government set deadline for Vale divestment
The Ministry of Energy and Mineral Resources has set a deadline for PT Vale Indonesia Tbk (INCO) until the end of 2024 to submit a proposal for divestment price.
Vale insists on becoming controlling shareholder after divestment
Indonesian Minister of Energy and Mineral Resources Arifin Tasrif stated that Vale Canada Limited (VCL) insisted on being the controlling shareholder of PT Vale Indonesia Tbk. (INCO) after the planned divestment. As previously reported, the divestment is part of the requirement to convert Vale's work contract into a special mining business permit (IUPK).
Ministers race to finish sand export implementing regulation
Several of President Joko "Jokowi" Widodo's ministers are racing to complete the implementing regulation for the recently permitted sand export. One of the main focus of the regulation is the rendering of sand export license.