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Indonesia's Gold Reserves to Run Out in 31 Years, Other Minerals Longer

Adi Ahdiat 29/12/2023 15:37 WIB

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Indonesia's natural resources include a variety of mineral resources, among them gold, silver, copper, tin, nickel, and bauxite. However, all of these could be depleted within the next 30-160 years.

Remaining Life of Indonesian Mineral Resources Assets (2022)

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Indonesia's Gold Reserves to Run Out in 31 Years, Other Minerals Longer

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Remaining Life of Indonesian Mineral Resources Assets (2022)

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Indonesia possesses diverse mineral resources, including gold, silver, copper, tin, nickel, and bauxite.

However, these non-renewable resources could be depleted if continuously exploited.

According to estimates from the Central Bureau of Statistics (BPS), Indonesia's gold reserves can only be extracted for another 31 years, the same as copper.

Meanwhile, bauxite, nickel, tin, and silver reserves have a longer "remaining lifespan," as shown in the graph.

The BPS calculated these estimates based on the ratio of physical stock/reserves at the end of 2022 to the extraction rate in recent years.

Mineral demand is projected to continue increasing in the future.

Besides their scarcity, mineral resources are crucial raw materials for the burgeoning electric vehicle and renewable energy technology industries.

According to projections by the International Energy Agency (IEA), copper demand could increase 2-3 times, and nickel demand could rise 1.5 times by 2030 compared to current levels.

The IEA also assesses that this will attract increased investment flows in the mining and mineral processing sector.

"Based on our analysis of investment flows in the world's 20 largest mining companies, there is a strong increase in capital expenditure for critical minerals, driven by the momentum of clean energy development," stated the IEA in the *Critical Minerals Market Review 2023*.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."