Regulations
Industry players welcomed the government's decision, viewing it as a positive step toward ensuring stability and investment certainty in the sector.
Heavy equipment is operated at a coal mine in East Kalimantan owned by PT Berau Coal in this undated photograph. (JP/Indra Harsaputra)
The government has scrapped a planned profit-sharing scheme while relaxing coal and nickel production quotas to support industry stability.Energy and Mineral Resources Minister Bahlil Lahadalia said on Monday that the profit-sharing model applied in the upstream oil and gas sector, namely cost recovery and gross split schemes, will not be extended to mineral and coal mining.
"In the mineral and coal sector, there are no changes at all. I need to emphasize that the existing regulations will remain unchanged. It is my duty to maintain that," Bahlil said at a press conference in Jakarta on Monday.
