Latest news with #YuliotTanjung
Yahoo
6 days ago
- Business
- Yahoo
Indonesia's nickel miners seek to maintain three-year quota validity
The Association of Indonesia Nickel Miners (APNI) has called on the government to ensure the current three-year validity of mining quotas remains unchanged, opposing plans to reduce the duration to one year. The mining ministry's recent announcement to shorten the quota period aims to better regulate supply and support commodity prices, including coal and nickel, according to a Reuters report. The APNI argues that this change could lead to bureaucratic bottlenecks and hinder the sector's stability. In 2023, Indonesia extended the validity of mining quotas, known as RKABs, from one to three years to alleviate the approval process for both authorities and applicants. However, companies are still able to propose annual revisions to their quotas. APNI warns that reducing the quota duration could create unnecessary complications in the approval process, as thousands of miners would be required to seek new quotas each year, the report said. The association emphasised the importance of medium-term certainty for investment and operational planning in the mining industry. 'The government needs to strengthen internal evaluation and oversight capacity, not lengthen the bureaucratic chain with shorter licensing periods,' stated APNI. Indonesia's deputy mining minister Yuliot Tanjung acknowledged that details of the change are "still being formulated" and chose not to comment on the association's request. The ministry reiterated that the proposed plan is designed to maintain price stability and mitigate the impact of price drops on government revenue. In addition, the Indonesian Government is preparing to impose sanctions on companies for environmental violations at the Morowali Industrial Park (IMIP), a key site for the country's nickel production. The Ministry of Environment has identified several issues, including inadequate wastewater management, air pollution, and the use of unlicensed tailing areas, which will result in government directives and fines for those violating environmental regulations. "Indonesia's nickel miners seek to maintain three-year quota validity" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Barnama
06-07-2025
- Business
- Barnama
Top News Headlines In Indonesia, Myanmar, Singapore, Thailand & Vietnam: July 6, 2025
The Attorney General's Office has emerged as the most trusted law enforcement institution in Indonesia, overtaking both the Corruption Eradication Commission (KPK) and the National Police, according to the latest survey by the Indonesian Survey Institute (LSI), led by political analyst Denny Januar Ali. 1. INDONESIANS NOW TRUST PROSECUTORS MORE THAN KPK, NEW SURVEY REVEALS -- JAKARTA GLOBE Indonesia is planning to reduce its liquefied petroleum gas (LPG) imports from the Middle East and increase procurement from the United States, according to Deputy Minister of Energy and Mineral Resources (ESDM), Yuliot Tanjung. 2. INDONESIA TO SHIFT LPG IMPORTS FROM MIDDLE EAST TO US -- ANTARA 1. COOPERATIVES TO BE ECONOMIC DRIVERS -- THE GLOBAL NEW LIGHT OF MYANMAR During the International Cooperative Day celebration, the government outlined its vision to promote the people-centric enterprises to improve the socio-economic status of the citizens. There are 38,638 cooperative societies to date in Myanmar. 2. COMPULSORY DIGITAL SCALES FOR GOLD TRADERS -- THE GLOBAL NEW LIGHT OF MYANMAR The Federation of Myanmar Gold Entrepreneurs Association has instructed all gold shops to switch to digital weighing scales as the government wants to protect consumers. The association also asked gold refineries, merchants and online traders to obtain trading licences. SINGAPORE 1. TTSH TO DEMOLISH CENTURY-OLD PAVILION WARDS, KEEPING ONE AS HERITAGE MARKER -- THE STRAITS TIMES After standing for around a century, all but one of Tan Tock Seng Hospital's (TTSH) nine remaining pavilion wards will be demolished, with the retained ward to serve as a heritage marker. 2. CPF AT 70 – THE EVOLUTION OF A DO-IT-ALL SOCIAL SECURITY SCHEME THAT STILL FINDS IT IMPOSSIBLE TO PLEASE EVERYONE -- CNA Twelve years ago, Mr Francis Tan and his spouse sat across from a Housing and Development Board (HDB) officer, preparing to sign the deed for their first home. THAILAND 1. ARMY SAYS CAMBODIAN TROOPS STAGING BORDER STANDOFFS TO SHOW DOMINANCE ONLINE -- THE NATION 2nd Army reveals Cambodian troops cross into Thai territory to stage provocations, film videos, and conduct IO aimed at portraying dominance over Thai forces. 2. BETTING ON CASINO BILL -- BANGKOK POST The Pheu Thai-led government is again under pressure to put on hold the controversial entertainment complex bill after Deputy Finance Minister Julapun Amornvivat indicated the bill needs to be reviewed by the newly formed cabinet before proceeding with it further. VIETNAM 1. OVER 10 MILLION FOREIGN VISITORS IN THE FIRST SIX MONTHS -- VIETNAMPLUS Vietnam recorded nearly 10.7 million international arrivals in the first half of 2025. In June alone, about 1.5 million foreigners visited the country and air travel remained popular, with over nine million arrivals. 2. VIETNAM-BRAZIL WARM UP TIES IN RIO DE JANEIRO -- VIETNAMPLUS Vietnamese Prime Minister Pham Minh Chinh and Brazilian President Luiz Inacio Lula da Silva discussed strengthening bilateral relations. They also touched on the Action Plan to implement the Vietnam-Brazil Strategic Partnership for the period of 2025-2030. -- BERNAMA BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies. Follow us on social media : Facebook : @bernamaofficial, @bernamatv, @bernamaradio Twitter : @ @BernamaTV, @bernamaradio Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial TikTok : @bernamaofficial
