Indonesia is reviewing changes to the royalty rates of various metal mineral commodities, including nickel, tin, gold, silver, copper, and chromium, according to a Monday statement by the Ministry of Energy and Mineral Resources.
The government is currently obtaining feedback from stakeholders affected by the increase in the non-tax state revenue rate for production contributions from the metals, Minister of Energy and Mineral Resources Bahlil Lahadalia said at a meeting Monday.
The final decision on the rate hike will ensure the best interests of the government and the industry actors are met, Bahlil further emphasized.
The Directorate General of Minerals and Coal previously held an online public consultation on Friday regarding the change in the royalty rates.