The Indonesian government will begin implementing higher royalty rates for mineral and coal commodities in the second week of April this year, Minister for Energy and Mineral Resources Bahlil Lahadalia announced on Wednesday.
According to Bahlil, the newly finalized regulation introduces a progressive royalty scheme that applies to coal, nickel, copper, gold, silver, and tin.
"Rates will only increase if commodity prices rise, serving as a win-win solution for both the government and businesses," Bahlil told reporters.
Despite differing opinions, the administration noted that the policy prioritizes national interests and is based on financial evaluations of several enterprises.
The government has set a target of 124.5 trillion rupiahs (7.36 billion U.S. dollars) in non-tax state revenue from the mineral and coal sectors by 2025.
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