In Indonesia, nickel miners warn against mass layoffs because Rise Rise threatens the profits

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IndonesiaMoving to lift fees for lucrative goods offers for the global power of nickel to extend state income and the President’s Fund Prabowo SubiantoAmbitious flagship programs. But it stands in the face of resistance to mining groups.

The recent structure of license fees, implemented at the end of April, affects minerals, including nickel, copper, tin, gold and boxing. For example, nickel roasts increased from a flat rate of 10 percent to a variety from 14 to 19 percent.

The leaders of the mining industry warn that growth can reduce profits and disturb their activity. Indonesian officials, nonetheless, claim that politics will ultimately profit the largest economy of Southeast Asia and make investments in the goods sector more balanced.

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CEACEP Mochammad Yasin, Director of Mineral Business Development at the Ministry of Energy and Mineral Resources, called him “a key step towards ensuring that our natural resources give optimal benefits to all Indonesians.”

Indonesia has the world’s largest proven nickel reserves and focused on the use of products vital for the production of stainless-steel and EV batteries to strengthen its production sector. This approach has caused billions of dollars of investments lately, mainly from Chinese corporations reminiscent of Steelmaker Tsingshan and Giant Battery Giant Catl.

View from the air for nickel extraction on Indonesia Raja Ampat Islands. Photo: Auriga Nusantara

Today, Indonesia manages the global mining and smelting industry, producing almost half of the sophisticated nickel in the world and two -thirds of the extracted nickel, mainly on the Sulawesi and Maluk Islands.

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