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Indonesia to revise royalty rates on coal, gold in bid to boost revenue

By Reuters Staff
2 Min Read
JAKARTA, Jan 15 (Reuters) - Indonesia plans to adjust its royalty payment policies on sales of gold and coal in an effort to boost state revenues as prices of the two commodities recover, an official said on Friday.
The world’s top exporter of thermal coal expects a recovery in prices and exports this year after scoring a $1.5-billion trade deal with China.
Home to the world s biggest gold mine, Indonesia also ranks among the top producers of the precious metal, benefiting from a price rally last year. [reut.rs/2KeRD4K]
“In an effort to increase state revenue, we are in the process of adjusting the gold and coal royalty rates,” Ridwan Djamaluddin, the director general of minerals and coal at the ministry, told an online conference. ....

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Ministry targets US$5.9 billion investment in mineral, coal sector

Ministry targets US$5.9 billion investment in mineral, coal sector
15th January 2021
An online press conference on the 2020 performance and the 2021 working plan for the mineral and coal sub-sector on Friday (January 15, 2021). (ANTARA/Mentari Dwi Gayati/sh)
In 2021, we are targeting investment of close to US$6 billion. Jakarta (ANTARA) - The Energy and Mineral Resources Ministry is targeting an investment of US$5.98 billion in the mineral and coal sub-sector in 2021.
In 2021, we target investment of close to US$6 billion. This is a big task that we have to bear in an attempt to recover the economy, the ministry s director general of mineral and coal, Ridwan Djamaluddin, said here on Friday. ....

Ridwan Djamaluddin , Mineral Resources Ministry , Large Scale Social Restrictions , Mineral Resources Minister , Investment Coordinating Board , தாது வளங்கள் அமைச்சகம் , பெரியது அளவு சமூக கட்டுப்பாடுகள் , தாது வளங்கள் அமைச்சர் , முதலீடு ஒருங்கிணைத்தல் பலகை ,