#Royalty
Nickel smelters association asks govt to delay new royalties implementation
The Indonesian Nickel Smelters Association (FINI) has requested the government to delay the implementation of new royalties on nickel ore until the price of nickel on the international market − the London Metal Exchange (LME) − reaches US$17,000 per metric ton in contrast to the current three-month nickel contract on the LME of some $15,600 per ton.
Government hopes miners to support Royalty Rate increase policy
The government has expressed hope that business actors in the mining sector will support its plan to increase royalty rates for a number of mineral and coal commodities as part of the efforts to increase the State revenue.
Govt finalizes regulation revision, gold and nickel royalty rates up by 3 percent
The government is finalizing the revision of two government regulations (PP) No. 15/2022 and PP No.26/2022 in order to increase Non-Tax State Revenue (PNBP) from the mineral and coal (minerba) sector, with the main change in the revision being the increase in royalty rates for gold and nickel by 3 percent.